You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Commercial real estate

105 West Thomas St Hammond, LA 70401

3,185 SF 0.06 ac lot Built 1943
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US36-0996727
Property summary
AI-generated overview

This exceptional commercial property, located at 105 W Thomas Street in the heart of Downtown Hammond, Louisiana, presents a unique investment opportunity. The building boasts a substantial 5,000 square feet of versatile space, ideally suited for a variety of commercial uses. The main level encompasses 3,250 square feet, featuring an open-concept office layout perfect for modern businesses. A large conference room provides ample space for meetings and presentations, complemented by a convenient kitchenette and two well-appointed bathrooms. A 750-square-foot mezzanine adds extra flexibility and potential for expansion or specialized workspace. Upstairs, a separate 1,750-square-foot area comprises three residential apartments: two one-bedroom, one-bathroom units and one two-bedroom, two-bathroom unit, offering additional income potential or the possibility of owner-occupied space. This prime location in Downtown Hammond ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving community. The asking price is $1,250,000. The property sits on a lot with no acreage specified. This is a rare opportunity to acquire a substantial commercial building with significant upside potential in a desirable location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1943
Total area 3,185 SF
Lot 0.06 ac (2,500 SF)
APN 1543202
UPID US36-0996727
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Toggery Shop Clothing Store
  • IMAGINE BOUTIQUE. Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$895k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.00M
Owner & transaction history
105 West Thomas LLC · 3 yrs held
105 West Thomas LLC
since 2022
Last sale
$1.1M
4 recorded transactions
2022
$1.1M
2018
$1.0M
2016
$410,000
2010
$335,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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