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    Property profile & analytics

    42170 Veterans Ave Hammond, LA 70403

    • Medical offices
    • 1.00 lot acres
    For Sale
    View listing
    $14,063,346
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0987843
    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

    • Medical offices

    Property Details for 42170 Veterans Ave

    Lot size
    1.00 lot acres
    Property type
    Medical offices

    Description

    This exceptional 64.57-acre parcel presents a unique investment opportunity in the rapidly growing Hammond, Louisiana market. Strategically located just 0.6 miles from Interstate 12 and directly off Veterans Avenue (Business Route Hwy-51), this vacant land boasts an average daily traffic count of approximately 18,706 vehicles. Its prime location across from North Oaks Health Medical Center ensures high visibility and accessibility, making it ideal for a variety of development projects. The property's zoning allows for commercial, medical office, and residential uses, offering flexibility for multifamily developments, retail spaces, or other commercial ventures. This versatile land is perfectly positioned to capitalize on Hammond's continued expansion and growth. The asking price for this expansive site is $14,063,346. The property's address is 42170 Veterans Ave, Hammond, LA 70403, within Tangipahoa Parish. Its convenient access to major transportation routes and essential services makes it an attractive proposition for investors seeking significant returns. This is a rare opportunity to acquire a substantial land holding in a thriving Louisiana community. The property's size and location offer unparalleled potential for future development and long-term growth. Consider the possibilities and seize this chance to contribute to Hammond's dynamic expansion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa Parish
    State
    Louisiana
    Longitude
    -90.457299288834
    Latitude
    30.471151070949

    Comparable in this City

    • $6,664,680
      1.80 Acres

      Hammond Office Park Investment

      Class A Offices, Prime Location
      1605 Bauerle Rd, Hammond, LA 70403
      View Details
    • $125,000
      0.52 Acres

      Hammond Land Ready For Development

      Cleared land in city limits, suitable for duplexes or residential lots.
      106 Celia Ave, Hammond, LA 70403
      View Details
    • $3,337,462
      16,622 SF

      Fully Leased Medical Office Building

      16,622 SF fully-leased medical office building for sale.
      2204 Robin Ave, Hammond, LA 70403
      View Details
    • New
      $375,000
      3,888 SF

      Hammond Fourplex: Investment Opportunity

      Well-maintained fourplex in Hammond, LA with long-term tenant appeal.
      627-633 Joe Farris Dr, Hammond, LA 70403
      View Details
    • New
      $427,500
      3,568 SF

      Hammond 4-Plex Investment Opportunity

      Four 2-bedroom units in downtown Hammond, new roof in 2022.
      206 E Merry St, Hammond, LA 70403
      View Details
    • $550,000
      4,800 SF

      Hammond Apartment Complex For Sale

      Apartment complex in Hammond, LA, totaling 4,800 square feet.
      46344 Patti Ln, Hammond, LA 70403
      View Details

    Similar Nearby for Sale

    • $6,664,680
      1.80 Acres

      Hammond Office Park Investment

      Class A Offices, Prime Location
      1605 Bauerle Rd, Hammond, LA 70403
      View Details
    • $125,000
      0.52 Acres

      Hammond Land Ready For Development

      Cleared land in city limits, suitable for duplexes or residential lots.
      106 Celia Ave, Hammond, LA 70403
      View Details
    • $3,337,462
      16,622 SF

      Fully Leased Medical Office Building

      16,622 SF fully-leased medical office building for sale.
      2204 Robin Ave, Hammond, LA 70403
      View Details
    • New
      $427,500
      3,568 SF

      Hammond 4-Plex Investment Opportunity

      Four 2-bedroom units in downtown Hammond, new roof in 2022.
      206 E Merry St, Hammond, LA 70403
      View Details
    • New
      $375,000
      3,888 SF

      Hammond Fourplex: Investment Opportunity

      Well-maintained fourplex in Hammond, LA with long-term tenant appeal.
      627-633 Joe Farris Dr, Hammond, LA 70403
      View Details
    • $349,000
      3,200 SF

      Hammond, LA 4-Plex

      Four 2-bed/1-bath units near Southeastern Louisiana University.
      612 Rue St, Hammond, LA 70403
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      12,336 SF

      Fleur de Lis Center Office Suites

      Hammond, LA Office Space For Lease
      1420 Railroad Ave, Hammond, LA 70403
      View Details
    • $28 SF/Yr
      16,250 SF

      Hammond Retail Space Available

      Prime Retail/Office Space in Hammond, LA
      1706 Railroad Ave, Hammond, LA 70403
      View Details
    • $1,650 /Mo
      1,891 SF

      Hammond Corner Lot Lease Space

      Commercial office/retail lease space available on a busy corner lot.
      44216 S Range Rd, Hammond, LA 70403
      View Details
    • $2,000 /Mo
      2,000 SF

      Prime Commercial Property on Holly

      High-visibility commercial property near Interstate, shopping, and residential areas.
      43391 S Holly St, Hammond, LA 70403
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    • $3,000 /Mo
      1,975 SF

      Stylish Office Space in Hammond

      Sophisticated office space with decorator touches, ideal for various businesses.
      611 E Morris Ave, Hammond, LA 70403
      View Details
    • $2,250 /Mo
      2,000 SF

      Downtown Hammond Commercial Office Space

      2,000 sq ft office space in downtown Hammond.
      107 S Cherry St, Hammond, LA 70403
      View Details
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    42170 Veterans Ave
    Hammond, LA 70403
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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