Property profile

1024 S Cypress St Hammond, LA 70403

FOR SALE
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Property ID
US36-1251195
1,553 SF 0.18 ac Built 1939
Last sale Aug 2023·$224,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a 1,553-square-foot office building in Hammond that was built in 1943 and is arranged to support commercial office use. The interior layout includes three offices, a conference room, break room, two bathrooms, and a storage room, with one rear office historically configured as an occupied space. The building sits on a 0.18-acre landscaped site with a fully fenced laydown yard, secured outdoor area, and off-street parking, served by public water. The property is located minutes from downtown Hammond and is zoned COM for commercial use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$783
Tax billed · 2023
Assessed value$9k
Assessed land$4k
Assessed improvement$6k
Effective rate8.36%

Value estimate

· Nov 2026
$215k
$194k – $237k
AI approach$205k
NOI build-up
Gross scheduled income$36k
Vacancy & credit loss−$5k
Operating expenses−$8k
NOI · 5.85% cap applied$23k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$101/SF
ZIP average, outlier-cleaned · 87 recorded sales of this use type
Observed band · Q1–Q3$73 – $152
Qualifying comparables5

Cap rate analysis

How does the asset earn?
5.85%
$23k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTANGIPAHOA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop11.7
Kitchen & Bath11.7
Auto Parts Store11.3

Location

1024 S Cypress St Hammond, LA 70403
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
42257 Yellow Water, Hammond, LA 70403-1036 $179,900 Dec 2025 1,200 SF
43195 Range, Hammond, LA 70403-6316 $700,000 Jun 2024 2,160 SF
806 Morris, Hammond, LA 70403-4452 $190,000 Apr 2024 1,328 SF
2208 Rue Simone, Hammond, LA 70403-5730 $147,000 Dec 2023 1,320 SF
43234 Pumpkin Ctr, Hammond, LA 70403-2705 $950,000 Sep 2023 2,100 SF
1610 Railroad, Hammond, LA 70403-6114 $1,333,000 Apr 2023 1,828 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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