Building Details

Year Built 2009

Stories 2

Listing Agency: Crescent Commercial Real Estate, LLC

Listed By: Frankie Cali · License #000051187 Show Phone

Source: Dominionplace

Added: Aug 3 Changed: Oct 4 Last Checked: Oct 7 at 3:26PM

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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 Crescent Commercial Real Estate, LLC

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Investment Insights

Based on property information with market context.

Built in 2009, this 3,127-square-foot mixed-use building combines professional space with residential accommodations. The ground floor includes two reception or office areas, a conference room, break room, and two additional offices, creating a practical layout for business operations or multiple occupants. Two apartments are positioned on the upper level, adding a residential component within the same structure.

The property is located at 904 W Thomas St in Hammond, Louisiana. Its combination of office rooms, shared support areas, and upstairs apartments supports a range of mixed-use occupancy configurations.

Key Highlights

• 3,127‑square‑foot mixed‑use building constructed in 2009
• Two reception or office areas on the ground floor
• Conference room and break room included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,141

Cap Rate

8.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$942,820 $942.8K

Cap Rate 7%

$673,443 $673.4K

Cap Rate 9%

$523,789 $523.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,127 SF

Gross rent

$73.2K $23.40/SF

− Vacancy

−$10.3K −$3.30/SF

EGI

$62.9K $20.10/SF

− OpEx

−$15.7K −$5.03/SF

NOI

$47.1K $15.08/SF

Area

Tangipahoa County, LA

Vacancy

14.10%

Lease Rate

$23.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$942,820

Cap Rate 7%

$673,443

Cap Rate 9%

$523,789

Alternative Uses

Best Use

Office B

$673.4K

$589.3K – $785.7K (±1% cap)

NOI $47,141 @ 7.0% cap · market cap 8.65%

Second Best

Mixed Use

$204.1K

$178.6K – $238.2K (±1% cap)

NOI $14,289 @ 7.0% cap · market cap 2.62%

Theoretical Best

Office A

$862.0K

$754.3K – $1.01M (±1% cap)

NOI $60,340 @ 7.0% cap · market cap 11.07%

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

Property Analytics

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Current Use

Edward Jones - Financial ... Financial Advisor Dawn Depaula Photography ... Photography Service

Suggested Use

Top Pick Kitchen & Bath Showroom Storage Facility (Bike/Boat/Book/etc) Store Parking Lot & Garage Daycare Center Acupuncture

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,150

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-level configuration pairs flexible office areas with two residential apartments above.

Where is this mixed-use property located?

The property is located at 904 W Thomas St Hammond, LA.

What is the asking price?

The asking price for this property is $545,000.

What are key features of this property?

This property features: 3,127‑square‑foot mixed‑use building constructed in 2009; Two reception or office areas on the ground floor; Conference room and break room included