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    Matt Redd, Hackberry, LA

    License ID: BROK.0000015258.A-ASA
    Nai Latter & Blum
    Association
    Southwest Louisiana Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (337) 489-9666
    Office Address:
    1424 Ryan St, Lake Charles, LA, 70601

    Performance

    Listings
    25

    Listings

    For Sale (23)

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      12,000 SF

      Former Catering & Event Venue

      12,000 SF building on 1.08 acre lot for sale.
      1639 Ryan St, Lake Charles, LA 70601
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    • Contact for pricing
      252.00 Acres

      Chloe Corporate Center: 252 Acres

      Prime Louisiana Development Land
      0 I-10, Lake Charles, LA 70615
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    • Contact for pricing

      Industrial Land Near Interstate 10

      10 acres of industrial land, less than 2 miles from I-10.
      Mosswood Dr, Sulphur, LA 70665
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    • Contact for pricing

      Industrial Land on Goodman Lane

      Industrial land available fronting Highway 90 and Goodman Lane.
      Goodman Ln, Lake Charles, LA 70615
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    • Contact for pricing

      Prime Commercial Land Available

      1.74 acres on South Beglis Parkway, Sulphur, Louisiana.
      South Beglis Pkwy, Sulphur, LA 70663
      View Details
    • Contact for pricing
      1,000.00 Acres

      I-10 Mega-Site: ±10,000 Acres

      Louisiana Commercial/Industrial Land
      0 Interstate 10, Vinton, LA 70668
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    • Contact for pricing

      60 Acres of Land

      60 acres of land available for sale.
      Arena Rd, Sulphur, LA 70665
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    • Contact for pricing

      Vacant Land For Sale

      Vacant land available for purchase.
      I-10 & Arena Rd, Sulphur, LA 70665
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    • Contact for pricing

      Acreage Available Off Interstate 10

      Approximately 10.8 acres of land ready for development.
      5900 Opelousas St, Lake Charles, LA 70615
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    • Contact for pricing

      Sulphur Land with Interstate Frontage

      8 acres of commercial land with I-10 frontage.
      Arena Rd, Sulphur, LA 70665
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    • Contact for pricing

      Land For Sale

      Land available for sale in Lake Charles, Louisiana.
      Goodman Ln, Lake Charles, LA 70615
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    • Contact for pricing

      Vacant Land For Sale

      Vacant land available for purchase.
      Arena Rd, Sulphur, LA 70665
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    • Contact for pricing

      Highway 90 Industrial Land

      67.5+/- acres of industrial land with highway frontage.
      7020 Us-90, Lake Charles, LA 70615
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    • Contact for pricing

      Commercial Land on Highway 27

      Vacant commercial land available in Sulphur, Louisiana.
      Tbd Hwy 27, Sulphur, LA 70663
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    • Contact for pricing

      Corner Land Parcel For Sale

      5.85 acre commercial land parcel at Beglis Parkway.
      Beglis Pkwy & Patton St, Sulphur, LA 70663
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    • Contact for pricing

      9.3 Acres Commercial Land Available

      9.3 acres of commercially zoned land for sale.
      Patton St, Sulphur, LA 70665
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    • Contact for pricing

      Sulphur Build to Suit Opportunity

      Build to suit opportunity in Sulphur, 37,000 SF total site.
      Patton St, Sulphur, LA 70665
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      Prime Commercial Land Opportunity

      High-traffic location near Prien Lake Mall and Lagrange High.
      111 W Lagrange St, Lake Charles, LA 70605
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    • Contact for pricing

      Land For Sale

      Land available for purchase.
      Tbd Goodman Ln, Lake Charles, LA 70615
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    • Contact for pricing

      Land with Multiple Buildings

      Land with five buildings and tenants in place.
      501 B J Cement Rd, Lake Charles, LA 70615
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    • Contact for pricing

      2.3 Acres with Multiple Buildings

      2.3 acres with 5 buildings and tenants in place.
      397 B J Cement Rd, Lake Charles, LA 70615
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    • Contact for pricing

      I-10 Frontage Development Land

      Land available for retail, hotel, or industrial development.
      I-10, Lake Charles, LA
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    • Contact for pricing

      Large Acreage with Rail Potential

      1,174 acre logistics property fronting I-10 with rail potential.
      10 At Fabacher Rd, Vinton, LA
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    For Lease (2)

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      Office Space for Lease

      Office space available for lease in Metairie, Louisiana.
      1450 Williams St, Metairie, LA 70001
      View Details
    • $43,596

      Office Space Available For Rent

      Office space available ranging from 1,210 to 1,300 SqFt.
      1424 Ryan St, Lake Charles, LA 70601
      View Details

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    Matt Redd, Hackberry, LA
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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.

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    Matt Redd, Hackberry, LA
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