Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    725 Westin Oaks Dr Hammond, LA 70403
    Back to Search
    Property profile & analytics

    725 Westin Oaks Dr, Hammond, LA 70403

    View on Map
    • Medical Office Space
    • 13,606 SF
    • 2.10 lot acres
    For Lease
    $129-$3,246/Mo
    View Listing →
    LA, Hammond - Westin Oaks Dr For Lease
    $129-$3,246/Mo

    LA, Hammond - Westin Oaks Dr

    Flexible workspace in GA, East Point - North Desert Drive

    725 Westin Oaks Dr, Hammond, LA 70403
    View Listing
    Property ID
    US36-1245454
    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

    • EVOLUTION HOLDINGS INC / Coworking & Hybrid Office
    • IDM Signs & Graphics / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 725 Westin Oaks Dr

    Year built
    2008
    Lot size
    2.10 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    5626609
    APU
    5626609

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 11, 2020 $1,821,667 Girod Reo LLC Sheriff Of Tangipahoa County|elite Investment Grou Foreclosure —
    Mar 23, 2006 $999,990 W Resources LLC Owner Name Unavailable Grant Deed · related —

    Description

    This exceptional 13,606 square foot, single-story office building, located at 725 Westin Oaks Drive in Hammond, Louisiana, presents a unique opportunity for lease or purchase. Built in 2008 and renovated the same year, this Class B property sits on a 5.1-acre lot and offers ample parking with 67 spaces. The building features a spacious lobby, central conference rooms, and numerous private and group offices, totaling over 30 spaces. Previously occupied by Worley Insurance, this well-maintained facility sustained no damage during Hurricane Ida and is move-in ready. Equipped with a whole-house Cummins generator powered by Atmos natural gas, it ensures reliable operation. The property boasts excellent visibility and accessibility from I-55, minutes from downtown Hammond and the I-12/I-55 interchange, and only an hour from New Orleans. Zoned C-H (Highway Commercial), this property is ideally suited for a mid-to-large corporation, educational institution, or government agency seeking a headquarters, regional offices, or training center. The building's high-quality finishes include high ceilings, wood trim, hardwood flooring, and attractive landscaping. The property is divisible, allowing for multi-tenant occupancy with shared common areas. The minimum divisible space is 6,803 square feet, with a maximum contiguous space of 13,606 square feet. The property includes four lots and is located within the city limits of Hammond, LA. This is a must-see property for businesses seeking a prestigious and functional office space in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $885,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.4991
    Latitude
    30.4984
    CBSA code
    25220
    CBSA name
    HAMMOND, LA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,421
    $0.00
    $148,608
    $148,608
    -
    $0.00
    $823,013
    $823,013

    Comparable in this City

    • Value Estimation
      $710,000
      6,545 SF

      J W Davis

      MEDICAL BUILDING
      J W Davis, Hammond, LA 70403
      View Details
    • Value Estimation by Request
      1,320 SF

      2202 Rue Simone

      MEDICAL BUILDING
      2202 Rue Simone, Hammond, LA 70403-5730
      View Details
    • Value Estimation by Request
      8,600 SF

      1310 J W Davis Dr

      MEDICAL BUILDING
      1310 J W Davis Dr, Hammond, LA 70403-5914
      View Details
    • Value Estimation by Request
      4,550 SF

      1204 Morrison Blvd

      MEDICAL BUILDING
      1204 Morrison Blvd, Hammond, LA 70403-5702
      View Details
    • Value Estimation by Request
      750 SF

      906 Fagan Drb6

      MEDICAL BUILDING
      906 Fagan Drb6, Hammond, LA 70403
      View Details
    • Value Estimation by Request
      1,700 SF

      1206 J W Davis Dr Ste, Unit 103

      MEDICAL BUILDING
      1206 J W Davis Dr Ste, Hammond, LA 70403-5953
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • $300,000
      0.34 Acres

      Downtown Hammond Commercial Land Opportunity

      Prime commercial land in Downtown Hammond with mixed-use zoning.
      909 W Morris Ave, Hammond, LA 70403
      View Details
    • Contact for pricing

      Premier Office Development Land Available

      Class A office development land for sale in Hammond, Louisiana.
      1500 Bauerle Rd, Hammond, LA 70403
      View Details
    • Contact for pricing

      Hammond Commercial Land For Sale

      Strategically located commercial land near I-12 in Hammond, Louisiana.
      1605 Bauerle Rd, Hammond, LA 70403
      View Details
    • Contact for pricing
      600 SF

      Commercial Office Suite

      Newly planned office suites offer flexible small-space options in a central downtown Hammond setting.
      211 W Morris Ave, Hammond, LA 70403
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      2,216 SF

      Hammond Commercial Space For Lease

      High-visibility commercial space near North Oaks Medical Center and Hammond Square.
      42276 Veterans Ave, Hammond, LA 70403
      View Details
    • Contact for pricing
      1,600 SF

      Hammond Retail Space Opportunity

      Versatile retail space in established Hammond shopping center.
      C-800 C M Fagan Dr, 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
      2,508 SF

      Medical Office Space Available

      2,508 SF medical office space for rent.
      19184 Dr John Lambert Dr, Hammond, LA 70403
      View Details
    • $2,500 /Mo
      2,216 SF

      Hammond Medical/Office Space Available

      2216 sqft medical/office space for rent near North Oaks.
      42276 Veterans Ave, Hammond, LA 70403
      View Details
    • Contact for pricing

      New Medical Building Office Space

      New medical building with customizable office space for rent.
      42439 Pelican Professional Park, 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.
    725 Westin Oaks Dr
    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

    Thank You for Inquiry
    725 Westin Oaks Dr, Hammond, LA, 70403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!