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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) 310-7333
    Office Address:
    1424 Ryan St, Lake Charles, LA, 70601

    Performance

    Listings
    28

    Listings

    For Sale (28)

    View map
    • Contact for pricing
      11,348 SF

      Lake Charles Industrial Warehouse Portfolio

      Multiple income-producing warehouse buildings.
      5903 Wright Rd, Lake Charles, LA 70615
      View Details
    • Contact for pricing
      252.00 Acres

      Chloe Corporate Center: 252 Acres

      Prime Louisiana Development Land
      0 I-10, Lake Charles, LA 70615
      View Details
    • $1,274,130
      5.85 Acres

      Sulphur, LA Commercial Land Investment

      Prime 5.85-Acre Commercial Lot
      0 Beglis Pkwy & Patton St, Sulphur, LA 70663
      View Details
    • $313,000
      2.50 Acres

      Lake Charles Industrial Land Parcel

      2.5-Acre Industrial Lot, Hwy 90 Frontage
      0 Tbd Goodman Ln, Lake Charles, LA 70615
      View Details
    • $416,869
      2.81 Acres

      Sulphur, LA Commercial Land Parcel

      Prime 2.81-acre commercial lot in Sulphur, LA.
      0 Tbd Hwy 27, Sulphur, LA 70663
      View Details
    • $313,000
      2.50 Acres

      Lake Charles Industrial Property

      2.5-Acre Industrial Lot, Hwy 90 Frontage
      0 Goodman Ln, Lake Charles, LA 70615
      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
      View Details
    • $606,731
      1.74 Acres

      Sulphur Commercial Land - 1.74 Acres

      Prime Commercial Land, I-10 Access
      0 Beglis Pkwy, Sulphur, LA 70663
      View Details
    • $25,482,600
      60.00 Acres

      I-10 & Arena Road Commercial Land

      60 Acres, I-10 Frontage, Sulphur, LA
      0 Arena Rd, Sulphur, LA 70665
      View Details
    • $900,000
      12,000 SF

      Lake Charles Executive Office Building

      12,000 SF Office, Event Venue, Ample Parking
      1639 Ryan St, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      1.10 Acres

      Prime Lake Charles Commercial Land

      1.1-acre lot, high-traffic location, $12/SF
      111 Lagrange St, Lake Charles, LA 70605
      View Details
    • $555,390

      Sulphur, LA Build-to-Suit Opportunity

      Prime Industrial Land: Build your dream facility.
      0 Patton St, Sulphur, LA 70665
      View Details
    • $3,397,680
      8.00 Acres

      I-10 & Arena Road Commercial Land

      Sulphur, LA: Prime 8-acre development site.
      0 Arena Rd, Sulphur, LA 70665
      View Details
    • $1,306,800
      10.00 Acres

      Sulphur, LA Industrial Land

      10-Acre Industrial Lot, I-1 Zoning
      0 Mosswood Dr, Sulphur, LA 70665
      View Details
    • $313,000

      Lake Charles Industrial Land Investment

      2.5-Acre Industrial Lot, Highway 90 Access
      0 Goodman Ln, Lake Charles, LA 70615
      View Details
    • $1,215,324
      9.30 Acres

      Sulphur, LA Commercial Land

      9.3 Acres, Prime Commercial Location
      0 Patton St, Sulphur, LA 70665
      View Details
    • Contact for pricing
      19.20 Acres

      Lake Charles Industrial Land ±19.2 Acres

      ±19.2 Acres Industrial Land, Divisible, Excellent Location
      5900 Opelousas St, Lake Charles, LA 70615
      View Details
    • $9,500,000
      1.01 Acres

      Lake Charles Mixed-Use Land

      Prime 1.01-acre commercial lot. Excellent investment opportunity.
      1601 Country Club Rd, Lake Charles, LA 70605
      View Details
    • $19,166,400
      88.00 Acres

      Iowa, LA Prime Development Land

      88 Acres, Multi-Use Potential, Shovel Ready
      0 Frontage Rd, Lake Charles, LA 70647
      View Details
    • $3,397,680
      8.00 Acres

      I-10 & Arena Road Commercial Land

      8 Acres, Interstate 10 Frontage, Sulphur, LA
      0 I-10 & Arena Rd, Sulphur, LA 70665
      View Details
    • Contact for pricing
      60.00 Acres

      Sulphur, LA Commercial Land - 60 Acres

      Prime Commercial Land, Interstate Frontage, Sulphur, LA
      0 Arena Rd, Sulphur, LA 70665
      View Details
    • $1,512,000
      67.50 Acres

      Highway 90 East Commercial Land

      67.5 Acres, I-1 Zoning, High Visibility
      7020 Us-90, Lake Charles, LA 70615
      View Details
    • Contact for pricing

      Land with Multiple Buildings

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

      Land with Income-Producing Parcels

      1.7 acres with two buildings and tenants in place.
      5919 Wright Rd, Lake Charles, LA 70615
      View Details
    • 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
      View Details
    • Contact for pricing

      I-10 Frontage Development Land

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

      Land Ready For Development

      Highly visible, stabilized land suitable for retail or industrial development.
      5959 Opelousas St, Lake Charles, LA 70615
      View Details
    • Contact for pricing

      Large Acreage with Rail Potential

      1,174 acre logistics property fronting I-10 with rail potential.
      Gum Island Rd, Sulphur, LA 70665
      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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