Mixed-Use Property with Storage
For Sale
$519,900
44528 Tiffany Lynn Dr, Hammond, LA 70403
Five occupied rental units complement a storage building and a prepared pad for additional construction.
Property Size3,350 SF
Price / SF$155.19
Days on Market150
Property Features for 44528 Tiffany Lynn Dr
General Information
Standard status
Active
Size
3,350 SF
Listing Agency:
Florida Parishes Realty, L.L.C.
(985) 956-7477
Listed By:
Sam N DiVittorio · License #995688138
(985) 320-0263
Source:
Exprealty
Added: Jun 4
Changed: Oct 31
Last Checked: Oct 31 at 3:09AM
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 Florida Parishes Realty, L.L.C.
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Investment Insights
Based on property information with market context.
This mixed-use property spans nearly 4 acres and includes five occupied rental units across two duplexes and one single-family home. A 4,080-square-foot storage building with 14-foot ceilings is also on site, along with a 60-by-100-foot dirt pad prepared for a future slab. A retention pond is in place, and city water, sewer, gas, power, garbage service, and high-speed internet are available.
The property is on Hammond’s east side, just off East Highway 190. Its combination of residential units, storage space, and available utilities provides several established components across the site.
The property is on Hammond’s east side, just off East Highway 190. Its combination of residential units, storage space, and available utilities provides several established components across the site.
Key Highlights
- Nearly 4 acres on Hammond’s east side
- Five occupied rental units: two duplexes and one single‑family home
- 4,080‑square‑foot storage building with 14‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,195
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,900
$503.9K
Cap Rate 7%
$359,929
$359.9K
Cap Rate 9%
$279,944
$279.9K
Market Conditions
NOI Build-Up for 3,350 SF
Gross rent
$39.4K $11.76/SF
− Vacancy
−$3.4K −$1.02/SF
EGI
$36.0K $10.74/SF
− OpEx
−$10.8K −$3.22/SF
NOI
$25.2K $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%
$503,900
Cap Rate 7%
$359,929
Cap Rate 9%
$279,944
Alternative Uses
Best Use
Multifamily LT 5
$359.9K
$314.9K – $419.9K
NOI $25,195 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$313.0K
$273.8K – $365.1K
NOI $21,907 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$923.5K
$808.1K – $1.08M
NOI $64,644 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 70403, LA
29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five occupied rental units complement a storage building and a prepared pad for additional construction.
Where is this mixed-use property located?
The property is located at 44528 Tiffany Lynn Dr Hammond, LA.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Nearly 4 acres on Hammond’s east side; Five occupied rental units: two duplexes and one single‑family home; 4,080‑square‑foot storage building with 14‑foot ceilings
