Building Details

Year built 2017

Building materials Metal Siding, Structural Insulated Panels

Buildings 1

Listing Agency: Homesmart Realty South - Metairie · HomeSmart International v***@hsrealtysouth.com Show Phone

Listed By: Cecilia Lizeth Acosta-Matute · License #995714775 Show Phone

Added: Mar 13 Changed: Oct 23 Last Checked: Oct 24 at 1:06AM

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MLS# 2547483

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.

Built in 2017, this 2,000-square-foot mixed-use property pairs office space on the ground floor with a second-floor residence containing one bedroom and one bathroom. The building sits on approximately 2 acres and includes a large yard. Metal siding and structural insulated panels are among its construction materials.

The property is in Hammond, Louisiana, and is zoned COM. Public water and a septic system serve the site. The sale includes the land and building; contents are excluded. The property is being sold in its current condition.

Key Highlights

• 2,000‑square‑foot building on approximately 2 acres
• Ground‑floor office and second‑floor one‑bedroom, one‑bathroom residence
• Built in 2017

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,055

Cap Rate

3.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$401,100 $401.1K

Cap Rate 7%

$286,500 $286.5K

Cap Rate 9%

$222,833 $222.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$30.0K $15.00/SF

− Vacancy

−$1.4K −$0.68/SF

EGI

$28.7K $14.33/SF

− OpEx

−$8.6K −$4.30/SF

NOI

$20.1K $10.03/SF

Area

Tangipahoa County, LA

Vacancy

4.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$401,100

Cap Rate 7%

$286,500

Cap Rate 9%

$222,833

Alternative Uses

Best Use

Retail

$286.5K

$250.7K – $334.3K (±1% cap)

NOI $20,055 @ 7.0% cap · market cap 3.86%

Second Best

Mixed Use

$130.6K

$114.2K – $152.3K (±1% cap)

NOI $9,139 @ 7.0% cap · market cap 1.76%

Theoretical Best

Office A

$551.3K

$482.4K – $643.2K (±1% cap)

NOI $38,593 @ 7.0% cap · market cap 7.44%

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

Property Analytics

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Current Use

Juan And Son Auto ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Electrical Service Hair Salon Law Firm

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

Location Intelligence

Trade Area within ½ mile

63

Businesses Nearby

Explore this area Business Placement

Demographics for 70401, LA

21,014

Population

10,321

Households

2

Avg Household Size

32

Median Age

35%

College-Educated

88%

High-School Grad

34.7 sq mi

ZIP Area

606

Density / Sq Mi

$50,995

Median Household Income

$31,405

Median Earnings

$977

Median Rent

$226,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The layout combines an office at grade with a one-bedroom residence on the upper floor.

Where is this mixed-use property 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: 2,000‑square‑foot building on approximately 2 acres; Ground‑floor office and second‑floor one‑bedroom, one‑bathroom residence; Built in 2017