Hammond Commercial Building with
47310 N MORRISON Boulevard Hammond, LA 70401
For Sale
$519,000
COMMERCIAL - Hammond, LA
Property Size2,000 SF
Lot Size2.00 Acres
Price / SF$259.50
Days on Market136
Property Features for 47310 N MORRISON Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COM
- Standard status
- Active
- APN
- 5376602
- Size
- 2,000 SF
- Lot size
- 2.00 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 2017
Listing Agency:
Homesmart Realty South
(504) 908-7653
Listed By:
Cecilia Acosta
(504) 908-5037
Added: Mar 13
Changed: Apr 27
Last Checked: Jul 26 at 5:06PM
MLS# 2547483
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.
Constructed in 2017, this commercial building is situated on approximately 2 acres. Previously used as an auto body shop, the property offers a functional layout and substantial outdoor space suitable for parking or operational use. The building includes ground-level office space and a second-floor residential unit featuring one bedroom and one bathroom. The property is offered in its current condition, with the sale including the land and building only. The building has a size of 2000 Square Feet. Located in Hammond, Louisiana, the property is zoned for commercial use.
Key Highlights
- Modern commercial building built in 2017 with solid infrastructure.
- Approximately 2 acres of land included.
- Large yard area suitable for parking or operational use.
Financial Insights For Retail
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 | $30.0k | $15.00 |
| − Vacancy | −$1.4k | −$0.68 |
| EGI | $28.7k | $14.33 |
| − OpEx | −$8.6k | −$4.30 |
| NOI | $20.1k | $10.03 |
2,000 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$286.5K
$250.7K – $334.3K
NOI $20,055 @ 7.0% cap · market cap 3.86%
Second Best
Mixed Use
$130.6K
$114.2K – $152.3K
NOI $9,139 @ 7.0% cap · market cap 1.76%
Theoretical Best
Office A
$551.3K
$482.4K – $643.2K
NOI $38,593 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Juan And Son Auto ...
Auto Repair Shop
Similar Off Market Nearby
- Natalbany Tire & Auto — 14600 LA-1064, Natalbany, LA 70451
- Juan And Son Auto Repair. — 47310 N Morrison Blvd, Hammond, LA 70401
FAQs
What type of property is this?
Auto shop - Modern commercial building with residential unit and ample outdoor space.
Where is this auto shop located?
The property is located at 47310 N MORRISON Boulevard Hammond, LA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Modern commercial building built in 2017 with solid infrastructure.; Approximately 2 acres of land included.; Large yard area suitable for parking or operational use.
