Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    44530 Airport Rd Hammond, LA 70401
    Back to Search
    Property profile & analytics

    44530 Airport Rd, Hammond, LA 70401

    View on Map
    • Retail properties & Spaces
    • 2.84 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • River Road Landscaping Services Inc / Landscaping / General Contractor

    Property Details for 44530 Airport Rd

    Lot size
    2.84 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 2.84-acre property in Hammond, Louisiana, presents a unique investment opportunity. Located at 44530 S Airport Rd, Tangipahoa Parish, (APN 4597109.000000000000000), this vacant lot boasts a highly desirable location with easy access to I-12, Highway 190, and Hammond Municipal Airport. The property is zoned Rural and features a fully secured lot with a 30' x 46' metal building, offering warehouse, office, and restroom facilities. A new well is also on-site, along with an existing trailer. The property's previous use as an Airport Garden Center provides a solid foundation for various commercial ventures. Its strategic location on the booming Northshore offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a growing market. The asking price is $587,624. This versatile property is suitable for a range of uses, including retail, mixed-use, self-storage, and industrial applications. Don't miss this chance to acquire a prime commercial parcel in a thriving Louisiana community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.4974
    Latitude
    30.4694

    Comparable in this City

    • Value Estimation by Request
      6.14 Acres

      17268 Hwy

      Individual retail properties
      17268 Hwy, Hammond, LA 70401
      View Details
    • Value Estimation by Request
      185,130 SF

      2100 Morrison Blvd

      Individual retail properties
      2100 Morrison Blvd, Hammond, LA 70401
      View Details
    • Value Estimation by Request

      Morrison Blvd

      Multifamily properties
      0 Morrison Blvd, Hammond, LA 70401
      View Details
    • Value Estimation by Request
      5.00 Acres

      Vineyard Rd

      Land
      0 Vineyard Rd, Hammond, LA 70401
      View Details
    • Value Estimation by Request
      1.00 Acre

      Airport Rd

      Land
      0 Airport Rd, Hammond, LA 70401
      View Details
    • Value Estimation by Request
      1.00 Acre

      17458 Us-190

      Land
      17458 Us-190, Hammond, LA 70401
      View Details

    Similar Nearby for Sale

    • $990,000
      5,997 SF

      Iconic Mixed-Use Building in Hammond

      Mixed-use commercial building with retail space and residential apartments.
      105 West Thomas St, Hammond, LA 70401
      View Details
    • $733,136
      1.05 Acres

      Hammond Commercial Site For Sale

      Prime commercial land in high-traffic retail corridor, Hammond, Louisiana.
      1955 SW Railroad Ave, Hammond, LA 70401
      View Details
    • Contact for pricing
      5,216 SF

      Commercial Land Near University

      1.1-acre commercial land near Southeastern Louisiana University.
      46054 N Puma Dr, Hammond, LA 70401
      View Details
    • Contact for pricing
      1,500 SF

      Highway Frontage Mixed-Use Property

      Mixed-use property on Hwy 190, minutes from I-12 and I-55.
      12289 Highway 190 W HAMMOND 70401, Hammond, LA 70401
      View Details
    • $519,000
      2,000 SF

      Hammond Commercial Building with Residence

      Modern commercial building with residential unit and ample outdoor space.
      47310 N Morrison Blvd, Hammond, LA 70401
      View Details
    • $440,000
      7,907 SF

      Hammond Warehouse Investment Opportunity

      7,907 SF warehouse on 2.2 acres with income potential.
      10470 W Ln 190 Hwy, Hammond, LA 70401
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Retail Space in Hammond Plaza

      Retail space available in a Walmart shadow center.
      2751 W Thomas St, Hammond, LA 70401
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space in Hammond, LA

      Retail space available for lease in Hammond, Louisiana.
      2108 W Thomas St, Hammond, LA 70401
      View Details
    • Contact for pricing

      Retail Space Sublease Opportunity

      Retail space available for sublease next to Aldi.
      2302 W Thomas St, Hammond, LA 70401
      View Details
    • $1,875 /Mo
      2,400 SF

      Retail Space in Hammond, LA

      Retail space available for rent in Tangipahoa Parish.
      12447 Wardline Rd, Hammond, LA 70401
      View Details
    • $5,000 /Mo
      6,000 SF

      Versatile Commercial Space in Hammond

      6,000 sq ft commercial space with warehouse and office.
      109 Tower Dr, Hammond, LA 70401
      View Details
    • Contact for pricing

      Multi-Unit Industrial Complex For Rent

      Versatile warehouse suites near I-55, suitable for various business needs.
      12621 Wardline Rd, Hammond, LA 70401
      View Details
    Request Owner's contact information
    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.
    44530 Airport Rd
    Hammond, LA 70401
    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
    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

    Thank You for Inquiry
    44530 Airport Rd, Hammond, LA, 70401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!