Third St, LA

  • Commercial real estate
  • 4,970 SF
Off market
$3,450,000 Estimated

Property Details

Year built
1954
Lot size
0.34 AC
Property size (Sq ft)
4,970 SF
Property type
Commercial real estate
APN
857106
APU
857106

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024

  • CAP approach

    CAP return
    Valuation
    6%
    $789,348
    6.5%
    $728,629
    7%
    $676,584

  • Comparable approach

    Method
    Valuation
    Relative Method
    $379,116
    Geo Method
    $353,317

  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,421,990
    Retail / Commercial
    $731,639
    Mixed-Use / Specialty
    $730,961
    Hospitality / Lodging
    $538,796
    Office
    $728,629
    Institutional / Educational
    $760,594
    Residential Income
    $889,895
    Multifamily
    $1,056,590
    Automotive / Energy
    $651,938
    Parking / Income-Based Land
    $223,069
    Restaurant / Food Service
    $384,298
    Healthcare / Senior Housing
    $747,607

Location Insight

City
Third St
County
Tangipahoa
State
Louisiana
Latitude
30.6374
Longitude
-90.5025
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
-
$2,900
$14,350
$17,250
-
$29,000
$95,672
$124,672

Comparable in this City

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    COMMERCIAL (GENERAL) • 6,000 SF

    Estimated
    $4,007,520
    Espasie Dr, LA
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    COMMERCIAL (GENERAL) • 29,260 SF

    Hwy 190
    W, LA
    View Details

  • Ida Fruge Rd, LA

    COMMERCIAL (GENERAL) • 100.00 AC

    Ida Fruge Rd, LA
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  • Ambassador Caffery Pkwy, LA

    COMMERCIAL (GENERAL) • 6,847 SF

    Estimated
    $17,933,560
    Ambassador Caffery Pkwy, LA
    View Details

  • 21, LA

    COMMERCIAL (GENERAL) • 18,296 SF

    Estimated
    $2,607,922
    21, LA
    View Details

  • 445, LA

    COMMERCIAL (GENERAL) • 6,043 SF

    Estimated
    $17,432,620
    445, LA
    View Details

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

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