Mixed-Use Corner Lot
44216 S Range Road Hammond, LA 70465
For Sale
$225,000
Updated office space, tenant-occupied duplex, and warehouse with open elevated storage on a corner lot.
Property Size4,891 SF
Price / SF$46
Days on Market372
Property Features for 44216 S Range Road
General Information
Standard status
Active
Size
4,891 SF
Property subtype
Commercial
Building Details
Year Built
1972
Listing Agency:
Keller Williams Realty Services
(985) 215-3100
Listed By:
Will Frederick · License #912124137
(985) 215-3100
Source:
Nolalivingrealty
Added: Jul 21, 2025
Changed: Jul 21
Last Checked: Jul 22 at 6:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Services
Investment Insights
Based on property information with market context.
This mixed-use property sits on a corner lot and includes several separate buildings designed to support both operations and income. The main office is beautifully updated and features multiple private offices along with a kitchen and bathrooms. Also included is a tenant-occupied duplex, plus a warehouse and an additional block building. The site further provides a 500 sq ft elevated open storage area.
The property is located at 44216 S Range Road in Hammond, Louisiana. It is offered for sale with owner financing available, according to the public remarks.
For buyers seeking flexibility, the current configuration combines office space, residential income from the duplex, and industrial storage/warehouse improvements within one corner-lot assemblage.
The property is located at 44216 S Range Road in Hammond, Louisiana. It is offered for sale with owner financing available, according to the public remarks.
For buyers seeking flexibility, the current configuration combines office space, residential income from the duplex, and industrial storage/warehouse improvements within one corner-lot assemblage.
Key Highlights
- 1972‑built mixed‑use property on a corner lot off South Range Road with multiple buildings
- Updated main office: 1,891 sq ft with several private offices, kitchen, and bathrooms
- Tenant‑occupied 1,425 sq ft duplex included in the mix
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $6.60 |
| − Vacancy | −$2.7k | −$0.56 |
| EGI | $29.5k | $6.04 |
| − OpEx | −$8.9k | −$1.81 |
| NOI | $20.7k | $4.23 |
4,891 SF · lease $6.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.05M
$921.7K – $1.23M
NOI $73,734 @ 7.0% cap · market cap 32.77%
Second Best
Multifamily LT 5
$525.5K
$459.8K – $613.1K
NOI $36,784 @ 7.0% cap · market cap 16.35%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,380 @ 7.0% cap · market cap 41.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Tope Là Catering - Ruby Room — 111 E Thomas St, Hammond, LA 70401
- Cake Minded LLC — Hammond, LA 70403
Frequently Asked Questions
What type of property is this?
Flex space - Updated office space, tenant-occupied duplex, and warehouse with open elevated storage on a corner lot.
Where is this flex space 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: 1972‑built mixed‑use property on a corner lot off South Range Road with multiple buildings; Updated main office: 1,891 sq ft with several private offices, kitchen, and bathrooms; Tenant‑occupied 1,425 sq ft duplex included in the mix
