Victorian Medical Office
For Sale
$305,000
Pending
1010 Enterprise Boulevard, Lake Charles, LA 70601
COMMERCIAL - Victorian - Lake Charles, LA
Property Size2,058 SF
Lot Size0.49 Acres
Days on Market15
Property Features for 1010 Enterprise Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1
Parking features
Parking Lot
Fireplace
1
Lot features
Landscaped, Regular Lot
Directions
From I10 head south on Enterprise Blvd, house is the purple house on the right side. Can't miss it!
Standard status
Pending
APN
00567191
Size
2,058 SF
Lot size
0.49 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
porches
original wood flooring
quartz and granite counters
updated bathrooms
parking lot
ADA access ramp
fire extinguishers
firewalls
alarm system
Building Details
Year built
1902
Floors in Building
2
Architectural style
Victorian
Listing Agency:
Coldwell Banker Ingle Safari R · Coldwell Banker Real Estate
(337) 478-1601
Listed By:
Janis Painter · License #70242
(337) 478-1601
Added: Jul 25
Changed: Aug 4
Last Checked: Aug 8 at 3:06PM
MLS# 6159
Copyright © 2026 Southwest Louisiana Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This historic Victorian building was built in 1902 and features original wood flooring, beautiful trim and doors, 10-foot ceilings, and porches on the front and sides. Updated interior elements include quartz and granite counters and updated bathrooms. The property is equipped with central heating and central air, and includes an alarm system, fire extinguishers, and firewalls in the kitchen and upstairs, along with an exterior stairway from the second floor. A fireplace is also present.
The property sits on 4 city lots totaling 0.49 acres, with public water and public sewer services. Parking is provided in a lot behind the home, including an ADA access ramp and a larger entrance.
While it can be used as residential, the property has been updated to business zoning, supporting a range of professional uses such as a medical practice.
The property sits on 4 city lots totaling 0.49 acres, with public water and public sewer services. Parking is provided in a lot behind the home, including an ADA access ramp and a larger entrance.
While it can be used as residential, the property has been updated to business zoning, supporting a range of professional uses such as a medical practice.
Key Highlights
- Built in 1902 with Victorian architecture, original wood flooring, and decorative trim and doors
- 10‑foot ceilings and front and side porches
- Updated bathrooms plus quartz and granite counters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,227
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$544,540
$544.5K
Cap Rate 7%
$388,957
$389.0K
Cap Rate 9%
$302,522
$302.5K
Market Conditions
NOI Build-Up for 2,058 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.9K $25.20/SF
− Vacancy
−$6.5K −$3.15/SF
EGI
$45.4K $22.05/SF
− OpEx
−$18.2K −$8.82/SF
NOI
$27.2K $13.23/SF
Area
Calcasieu County, LA
Vacancy
12.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$544,540
Cap Rate 7%
$388,957
Cap Rate 9%
$302,522
Alternative Uses
Best Use
Healthcare Medical
$389.0K
$340.3K – $453.8K
NOI $27,227 @ 7.0% cap · market cap 8.93%
Second Best
Office B
$258.0K
$225.7K – $301.0K
NOI $18,059 @ 7.0% cap · market cap 5.92%
Theoretical Best
Specialty Retail
$443.6K
$388.2K – $517.5K
NOI $31,052 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70601, LA
34,571
Population
16,811
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
16.1 sq mi
ZIP Area
2,147
Density / Sq Mi
$49,545
Median Household Income
$34,044
Median Earnings
$938
Median Rent
$164,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Victorian medical office building with central HVAC, ADA-access parking lot behind, and 10-foot ceilings.
Where is this medical office space located?
The property is located at 1010 Enterprise Boulevard Lake Charles, LA.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Built in 1902 with Victorian architecture, original wood flooring, and decorative trim and doors; 10‑foot ceilings and front and side porches; Updated bathrooms plus quartz and granite counters
