Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1706 Railroad Ave Hammond, LA 70403

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Retail/Office Space in Hammond, LA

    Lot size:
    16,250 SF

    Property Features for 1706 Railroad Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,250 SF
    Total Rate
    37916.67

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 1706 Railroad Ave, Hammond, LA 70403 Contact us
    Unit Suite 6

    $32 /Mo

    Size
    1,250 SF
    Contact us
    Unit Suite 7

    $30 /Mo

    Size
    1,250 SF
    Contact us
    Unit Suite 8

    $28 /Mo

    Size
    1,250 SF
    Contact us
    Unit Suite: 5

    $32 /Mo

    Size
    1,250 SF
    Contact us
    Unit Suite: 4

    $32 /Mo

    Size
    1,250 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Daniel D Cook
    Daniel D Cook

    Listing Agency: Berkshire Hathaway HomeServices NW Real Estate Listing Agent: Daniel D Cook

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Plaza 51 Hammond presents a unique opportunity for businesses seeking high-visibility retail or office space. This single-story, 16,250 square foot building, constructed in 2003, sits on a 1.02-acre lot in Tangipahoa Parish, Louisiana, with convenient access to I-12 and the Hammond Square Mall. Currently, 6,250 square feet of space is available, with a minimum lease size of 1,250 square feet and a maximum of 6,250 square feet. The building features a 10-foot ceiling height and ample parking with 42 spaces. The property is zoned CH - Highway Commercial (APN: 6080766.000000000000000) and is ideally suited for restaurants, offices, and various retail uses. Preliminary improvements are planned, including upgrades to parking areas, façade, and major building components. Spaces will be delivered in "white box" condition unless otherwise specified by the tenant. Lease rates will vary depending on lease terms, conditions, and tenant improvement allowances. This location offers excellent visibility and access, making it an ideal choice for businesses seeking long-term success in the thriving Hammond market. The property's strategic location near I-12 ensures easy access for customers and employees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Patient Plus Urgent ... Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.45734
    Latitude
    30.486254

    Nearby Similar for Lease

    • New
      $2,625 /Mo
      2,208 SF

      Retail, Office, Warehouse Space Available

      Versatile commercial space in a high-traffic location near I-12.
      42290 Pumpkin Center Rd, Hammond, LA 70403
      View Details
    • $1,495 /Mo
      1,891 SF

      Hammond Corner Lot Lease Space

      Commercial lease space in Hammond, 1891 sqft for office/retail.
      44216 S Range Rd, Hammond, LA 70403
      View Details
    • New
      $1,375 /Mo
      750 SF

      Retail Space Near Downtown Hammond

      750 sqft retail space less than 1 mile from Downtown.
      1665 SW Railroad Ave, Hammond, LA 70403
      View Details
    • $5,000 /Mo
      9,000 SF

      Renovated Warehouse with Office Space

      9,000 sq ft warehouse with showroom and office space.
      1713 Corbin Rd, Hammond, LA 70403
      View Details
    • $2,500 /Mo
      2,216 SF

      Hammond Commercial Space For Lease

      High-visibility commercial space near North Oaks Medical Center and Hammond Square.
      42276 Veterans Ave, Hammond, LA 70403
      View Details
    • $1,500 /Mo
      961 SF

      Hammond Office Space For Lease

      Well-maintained office space in high-traffic Hammond commercial area.
      2010 Rue Simone Dr, Hammond, LA 70403
      View Details
    • New
      $850 /Mo
      950 SF

      Downtown Hammond Office Space

      Professionally designed office space in a prime downtown location.
      206 East Charles St, Hammond, LA 70401
      View Details
    • New
      $12,000 /Mo
      29,000 SF

      Industrial Warehouse with Covered Service

      Industrial, manufacturing, fabrication, or distribution use. 3-phase electrical service.
      40515 Pumpkin Center Rd, Hammond, LA 70403
      View Details
    • $1,950 /Mo
      1,800 SF

      New Industrial Flex Space Development

      New industrial flex space development with easy I-12 access.
      30665 Strawberry Ln, Hammond, LA 70403
      View Details
    • $2,250 /Mo
      2,000 SF

      Downtown Hammond Commercial Office Space

      2,000 sq ft office space in downtown Hammond.
      107 S Cherry St, Hammond, LA 70403
      View Details
    • $3,000 /Mo
      3,977 SF

      Hammond Commercial Building For Lease

      Commercial building for lease featuring 9 offices and ample parking.
      40521 Pumpkin Center Rd, Hammond, LA 70403
      View Details
    • Sponsored
      Contact for pricing

      LA, Hammond - Westin Oaks Dr

      Discover many ways to work your way in One Liberty Place
      725 Westin Oaks Dr, Hammond, LA 70403
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Retail/Office Space in Hammond, LA
    Where is this office property / space located?
    The property is located at 1706 Railroad Ave Hammond, LA.
    What is the lease rate?
    The lease rate is $28-$32 SF/Yr.
    (541) 322-8880 Call to check price and availability
    Request Owner's contact information
    1706 Railroad Ave Hammond, LA 70403
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1706 Railroad Ave
    Hammond, LA 70403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1706 Railroad Ave Hammond, LA 70403
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel D Cook
    Daniel D Cook
    Real Estate License ID: 995713150
    (541) 322-8880 (985) 246-3795 (541) 280-5303
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!