Mixed-Use Property with Multiple
For Sale
$225,000
44216 S RANGE Road, Hammond, LA 70465
Commercial, Hammond, LA
Property Size1,891 SF
Lot Size0.28 Acres
Price / SF$118.98
Days on Market415
Property Features for 44216 S RANGE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Unknow
Parking features
Off Street
Subdivision
Not a Subdivision
Lot features
Corner
Standard status
Active
APN
01713809
Lot size
0.28 Acres
Utilities
Water source
Public
Amenities
private offices
kitchen
bathrooms
Building Details
Year built
1972
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Will Frederick · License #0912124137
(985) 215-3100
Added: Jul 21, 2025
Changed: Aug 19
Last Checked: Sep 8 at 7:06AM
MLS# 2514076
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property brings together several functional improvements on a 0.28-acre corner lot. The updated main office contains 1,891 square feet with private offices, a kitchen, and bathrooms. Additional improvements include a tenant-occupied 1,425-square-foot duplex, a 1,000-square-foot warehouse, a separate 500-square-foot block building, and a 500-square-foot elevated open storage area.
Located off South Range Road in Hammond, the property includes off-street parking and public water service. The improvements date to 1972, offering a varied commercial and residential configuration within one holding.
Located off South Range Road in Hammond, the property includes off-street parking and public water service. The improvements date to 1972, offering a varied commercial and residential configuration within one holding.
Key Highlights
- 1,891‑square‑foot updated office with private offices, kitchen, and bathrooms
- Tenant‑occupied 1,425‑square‑foot duplex
- 1,000‑square‑foot warehouse plus separate 500‑square‑foot block building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,222
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$284,440
$284.4K
Cap Rate 7%
$203,171
$203.2K
Cap Rate 9%
$158,022
$158.0K
Market Conditions
NOI Build-Up for 1,891 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.2K $11.76/SF
− Vacancy
−$1.9K −$1.02/SF
EGI
$20.3K $10.74/SF
− OpEx
−$6.1K −$3.22/SF
NOI
$14.2K $7.52/SF
Area
Tangipahoa County, LA
Vacancy
8.64%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$284,440
Cap Rate 7%
$203,171
Cap Rate 9%
$158,022
Alternative Uses
Best Use
Office B
$407.3K
$356.4K – $475.1K
NOI $28,508 @ 7.0% cap · market cap 12.67%
Second Best
Multifamily LT 5
$203.2K
$177.8K – $237.0K
NOI $14,222 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$521.3K
$456.1K – $608.2K
NOI $36,490 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 70465, LA
425
Population
224
Households
1.9
Avg Household Size
34
Median Age
8%
College-Educated
68%
High-School Grad
1.0 sq mi
ZIP Area
425
Density / Sq Mi
$18,750
Median Household Income
$15,417
Median Earnings
$732
Median Rent
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-lot site combines office, duplex, warehouse, and storage improvements.
Where is this mixed-use property located?
The property is located at 44216 S RANGE Road Hammond, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,891‑square‑foot updated office with private offices, kitchen, and bathrooms; Tenant‑occupied 1,425‑square‑foot duplex; 1,000‑square‑foot warehouse plus separate 500‑square‑foot block building
