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    Property profile & analytics

    1509 Morrison Blvd Hammond, LA 70401

    • Commercial real estate
    • 7.02 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US36-1103073
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1509 Morrison Blvd

    Lot size
    7.02 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 7.02-acre commercial land parcel presents a unique investment opportunity in Hammond, Louisiana. Strategically located near Southeastern Louisiana University, the property boasts unparalleled visibility with approximately 487 feet of frontage on N. Morrison Blvd and 580 feet of frontage on Cherie Dr. Its proximity to major transportation arteries, including I-12 and I-55, and Hammond Northshore Regional Airport, ensures convenient access and high traffic flow. Situated directly across from Bill Hood Ford, this site benefits from established commercial presence and high daily visibility. All utilities are readily available, either on or adjacent to the property. The C-2 zoning designation unlocks a wide range of development possibilities, making this an ideal site for various commercial ventures. The asking price is $3,220,869, translating to $458,813 per acre. This prime location and flexible zoning make this a compelling investment for discerning buyers seeking high-impact commercial development opportunities in a thriving Louisiana market. The property's size and location offer significant potential for substantial return on investment.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.482653860311
    Latitude
    30.514178790678

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    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Versatile Office Space Available

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    1509 Morrison Blvd
    Hammond, LA 70401
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    Realmo Value Estimation

    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.

    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.

    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
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