Financial
Distress signals
Property profile

1607 North Morrison Blvd Hammond, LA 70401

FOR LEASE
Other commercial real estate
Property ID
US36-0999970
15,319 SF 1.5 ac lot Built 1990
Last sale Jan 2025 · $780,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This warehouse space is configured as a large open interior suitable for industrial storage and distribution uses. It features three roll-up doors, each measuring 12 feet wide by 10 feet long, providing direct vehicle access to the warehouse floor. The property includes concrete parking for tenant use. Located on North Morrison Boulevard in Hammond, it is positioned with convenient access to I-55 via University Avenue.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$42k
Assessed land$15k
Assessed improvement$27k
Effective rate8.36%

Value estimate

· Sep 2026
$665k
$599k – $732k
AI approach$685k
Submarket $/SF estimate$939k
NOI build-up
Gross scheduled income$15k
Vacancy & credit loss−$1k
Operating expenses−$2k
NOI · 767.13% cap applied$12k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$105/SF
ZIP average, outlier-cleaned · 69 recorded sales of this use type
Observed band · Q1–Q3$61 – $149

Cap rate analysis

How does the asset earn?
767.13%
$12k 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.8
Realty agency10.1
Parking Facility9.7

Location

1607 North Morrison Blvd Hammond, LA 70401
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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
122 Lear, Hammond, LA 70401-0314 $1,034,000 Aug 2024 7,278 SF
218 Thomas, Hammond, LA 70401 $950,000 May 2024 7,198 SF
45616 University Park, Hammond, LA 70401-7060 $925,000 Oct 2023 12,400 SF
207 Market, Hammond, LA 70401-2817 $810,000 Sep 2023 7,107 SF
2109 Thomas, Hammond, LA 70401-2825 $457,000 Sep 2023 6,895 SF
111 Church, Hammond, LA 70401 $2,800,000 Apr 2023 30,432 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
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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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