Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    42170 Veterans Ave Hammond, LA 70403
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    42170 Veterans Ave Hammond, LA 70403

    View on Map
    • Land
    For Sale
    $14,063,346
    View Listing →
    64-Acre Land Parcel in Hammond For Sale
    $14,063,346

    64-Acre Land Parcel in Hammond

    64-acre vacant land parcel near Interstate 12 in Hammond, LA.

    42170 Veterans Ave., Hammond, LA 70403
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 42170 Veterans Ave

    Property type
    Land

    Description

    Introducing an exceptional 64-acre parcel of vacant land ideally located just 0.6 miles from Interstate 12 and directly off Veterans Ave (Business Route Hwy-51). The Average Daily Traffic Count is approximately 18,706. Situated in the thriving Hammond, Louisiana market, this property offers unparalleled convenience and accessibility. Its strategic position across from North Oaks Health Medical Center ensures high visibility and a prime location for future development. This versatile land is perfect for a range of uses, including commercial ventures, residential communities, or multifamily developments. With its proximity to major routes and essential services, the property is positioned to benefit from Hammond's continued growth and development. Whether you're looking to purchase, lease, or build-to-suit, this property presents an outstanding investment opportunity. Explore the potential of this expansive site and contribute to the dynamic expansion of the Hammond area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.4532776
    Latitude
    30.469812

    Comparable in this City

    • Contact for pricing

      25 Acre Development Land Available

      25 acres of land ready for development with road frontage.
      43099 Anthon Ln, Hammond, LA 70403
      View Details
    • $330,000
      51.55 Acres

      51.55 Acres of Wooded Land

      51.55 acre wooded property near I-12 and I-55.
      N Brickyard Rd, Hammond, LA 70403
      View Details
    • $45,000

      Vacant Land in Hammond, LA

      Vacant land available for sale in Hammond, Louisiana.
      600 E Hanson Ave, Hammond, LA 70403
      View Details
    • $13,068,000

      Land For Sale Hammond

      Land available for sale in Hammond, Louisiana.
      14395 Old Baton Rouge Hwy, Hammond, LA 70403
      View Details
    • $299,000
      16.00 Acres

      Hammond Vacant Land For Sale

      16 acre vacant land in Hammond, Louisiana.
      19207 Carter Ln, Hammond, LA 70403
      View Details
    • $930,006
      1.22 Acres

      Hammond Retail Land Investment

      Prime I-12 & Airport Rd location. High traffic counts.
      0 Airport Rd, Hammond, LA 70403
      View Details

    Similar Nearby for Sale

    • $250,500
      10.89 Acres

      Hammond Land Parcel For Sale

      10.89 acre wooded land parcel facing I-12 in Hammond, LA.
      I-12 Parcel, Hammond, LA 70403
      View Details
    • Contact for pricing

      2.6 Acres on S. Airport

      2.6 acres of land available on S. Airport Rd.
      S Airport Rd, Hammond, LA 70403
      View Details
    • $1,633,500

      25 Acres with Road Frontage

      Land with multiple ponds and road frontage available for sale.
      43099 Anthon Ln, Hammond, LA 70403
      View Details
    • $63,000
      2.00 Acres

      Hammond Land For Sale

      1.938 acre land parcel in Hammond, Louisiana.
      3 Old Covington Hwy, Hammond, LA 70403
      View Details
    • Contact for pricing

      25 Acre Development Land Available

      25 acres of land ready for development with road frontage.
      43099 Anthon Ln, Hammond, LA 70403
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Undeveloped Land with Interstate Visibility

      Undeveloped commercial land for lease with high visibility.
      4 Holly Gdns, Hammond, LA 70403
      View Details
    • $350 /Mo
      6,970 SF

      Hammond, LA Mobile Home Lot

      Mobile home lot for rent in Hammond, LA.
      44299 Country Creek Ln, Hammond, LA 70403
      View Details
    • Contact for pricing

      Medical Office Space Sublease

      Medical office suites available for sublease near Cypress Pointe Hospital.
      19184 Dr John Lambert Dr, Hammond, LA 70403
      View Details
    • Contact for pricing
      7,500 SF

      Warehouse with Laydown Yard

      7,500 SF warehouse with laydown yard and I-55 visibility.
      44212-44214 Stein Rd, Hammond, LA 70403
      View Details
    • $2,100 /Mo
      1,200 SF

      Hammond Office Space For Lease

      Office space near Downtown Hammond, I-12, and Hammond Square.
      109 Minnesota Park Rd, Hammond, LA 70403
      View Details
    • $1,495 /Mo
      1,891 SF

      Hammond Commercial Space For Lease

      Commercial space available on a busy corner lot.
      44216 S Range Rd, Hammond, LA 70403
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    42170 Veterans Ave
    Hammond, LA 70403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!