Building Details

Year built 1972

Listing Agency: Keller Williams Realty Serv. l***@kw.com Show Phone

Listed By: William Joshua Frederick · License #912124137 Show Phone

Added: Jul 21, 2025 Changed: Oct 23 Last Checked: Oct 23 at 3:06PM

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MLS# 2514076

Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The 0.28-acre corner property brings together a renovated main office, a tenant-occupied duplex, warehouse space, a separate block building, and elevated open storage. The 1,891-square-foot office contains private offices, a kitchen, and bathrooms. The duplex measures 1,425 square feet; the warehouse is 1,000 square feet, with an additional 500-square-foot block building and 500-square-foot elevated open storage area.

Built in 1972, the property has off-street parking. Natural gas is available, water is supplied publicly, and the site uses a septic system.

Key Highlights

• Renovated 1,891‑square‑foot office with private offices, kitchen, and bathrooms
• Tenant‑occupied 1,425‑square‑foot duplex
• 1,000‑square‑foot warehouse and separate 500‑square‑foot block building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,222

Cap Rate

6.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,440 $284.4K

Cap Rate 7%

$203,171 $203.2K

Cap Rate 9%

$158,022 $158.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,891 SF

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 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 (±1% cap)

NOI $28,508 @ 7.0% cap · market cap 12.67%

Second Best

Multifamily LT 5

$203.2K

$177.8K – $237.0K (±1% cap)

NOI $14,222 @ 7.0% cap · market cap 6.32%

Theoretical Best

Office A

$521.3K

$456.1K – $608.2K (±1% cap)

NOI $36,490 @ 7.0% cap · market cap 16.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Insutite-The Devine Church Will Frederick Construction, ... General Contractor

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Daycare Center Veterinary Clinic Cafe & Coffee Shop Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Office, residential, warehouse, and storage components bring several uses together on a corner parcel.

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: Renovated 1,891‑square‑foot office with private offices, kitchen, and bathrooms; Tenant‑occupied 1,425‑square‑foot duplex; 1,000‑square‑foot warehouse and separate 500‑square‑foot block building