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Property profile & analytics
FOR SALE
Commercial real estate
1308 S Morrison Blvd Hammond, LA 70403
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US36-1517958
For Sale
1 / 24
$1,900,000
1308 S Morrison Blvd, Hammond, LA 70403
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Total area
4,389 SF
Lot
0.39 ac (16,988 SF)
APN
4976800
UPID
US36-1517958
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
-
Bill Hood Bargain Center Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
W Hood & Associates Properties · 11 yrs held
W Hood & Associates Properties
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hammond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hammond submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,285
Tax year 2023
Assessed value
$39,306
Assessed 2023
Previous assessed
$39,306
+0.0% YoY
Effective rate
8.36%
On assessed value
Assessed land
$14,553
Assessed improvement
$24,753
Land market value
$145,530
Improvement market value
$165,026
Total market value
$310,556
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2000
Heating
NONE
Total area
4,389 SF
Lot
0.39 ac (16,988 SF)
APN
4976800
UPID
US36-1517958
Jurisdiction
TANGIPAHOA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Lot
0.39 ac
Current owner
From public records · entity-resolved
W Hood & Associates Properties
Entity
Mailing address
1500 N MORRISON BLVD, HAMMOND, LA 70401-1528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2015
$1,050,100
W Hood & Associates Properties
Times Square Investments LLC
Grant Deed
related
$1,350,000 · Jp Morgan Chase Bk
Apr 17, 2009
—
Vs Inv Co LLC
Owner Name Unavailable
Grant Deed
related
—
Dec 19, 2007
$1,200,000
Vs Invs LLC
Owner Name Unavailable
Grant Deed
related
—
Dec 8, 2006
—
Michael D Vaughn
—
Trustees Deed
related
$140,000 · Garry L Lewis
Mar 10, 2005
$480,000
G Lewis-louisiana LLC
Edson Group
Grant Deed
—
Mar 10, 2005
$377,925
G Lewis-louisiana LLC
Hoover,edwin L JR & Peggy C
Grant Deed
$563,550 · Rayne State Bank & Trust Co
—
—
Vs Investment Co LLC
—
Deed Of Trust
related
$1,695,000 · Florida Parishes Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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?”
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