1517 W Thomas St Hammond, LA 70401
15,260 SF flex-retail property with high visibility on Hwy 190.
- Added:
- May 24, 2024
- Days on Market:
- 782
- Last Refresh:
- May 12 at 9:42 pm
Property Features for 1517 W Thomas St
General Information
- Standard status
- Active
- Size
- 15,260 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1972
Listing office Stirling (541) 322-8880
Listing date May 24, 2024
Source Crexi
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 Stirling
Investment Insights
Based on property information with market context.
Key Highlights
- Excellent location on LA Hwy 190, a major retail thoroughfare.
- 15,260 square feet of flex‑retail space suitable for various uses.
- Convenient access to Interstate 12 and Interstate 55.
Local Financial Insights For Flex RnD
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 | $146.5k | $9.60 |
| − Vacancy | −$2.9k | −$0.19 |
| EGI | $143.6k | $9.41 |
| − OpEx | −$50.2k | −$3.29 |
| NOI | $93.3k | $6.12 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Jaksen's BBQ & Grill Catering — 152 Rosewood Dr, Hammond, LA 70401
- Firehouse Subs Channell — 1750 W Thomas St Ste A, Hammond, LA 70401