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    2041 Mill Street Lake Charles, LA 70606

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    Claim this Listing
    For Sale
    $70,000

    COMMERCIAL - Lake Charles, LA

    Property size:
    1,500 SF
    Price / SF:
    $46/SF
    Added:
    Jan 19, 2026
    Days on Market:
    98
    Last Refresh:
    Apr 27 at 11:06 am

    Property Features for 2041 Mill Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Neighborhood
    Parking features
    Parking Lot
    Exterior features
    OH Door 10 - 15 Ft, Partially Fenced
    Fencing
    Partial
    Standard status
    Active
    APN
    00361739
    Size
    1,500 SF

    Taxes and HOA fees

    Tax Description
    @330908-0126- 0001 0000(NW COR CHERRY AND MILL)LOT 1 VALLIE BLACK SUBREF1-MURPHY SIMIEN AND ELLA B 1197 P 680-72REF2-JONES, CHESTER J B 2788 P 803-99

    Utilities

    Heating system
    Space Heater
    Water source
    Public

    Building Details

    Flooring type
    Concrete
    Roof type
    Metal, Composition

    We can help!

    Listing Contact
    Kiwi Bautista

    Listing agent Kiwi Bautista License #0995705799

    Listing office Epique Realty 717 Crockett St., Ste 205, New Orleans, LA

    Listing date Jan 19, 2026

    MLS# 2600000162

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Building with Yard

    This versatile freestanding commercial property is located in Lake Charles. The solid masonry structure features multiple roll-up bay doors, making it suitable for automotive, light industrial, warehouse, contractor yard, equipment storage, or specialty trade use. The building is situated on a fenced lot that includes usable yard space for parking, staging, or outdoor operations. The property offers easy access to major corridors and provides strong local visibility. The surrounding area supports commercial activity, enhancing its long-term utility and adaptability. The property, with a size of 1500 square feet, is ideal for owner-users or investors seeking flexible industrial or service-based space. It is being offered as-is and is suitable for buyers seeking a functional space with upside and minimal competition. The property's zoning has flexible potential, but the buyer is responsible for verifying it.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Community Tire Shop (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • JJ's Jammin' Food — 2106 Broad St, Lake Charles, LA 70601

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.191032
    Latitude
    30.231492

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    FAQs

    What type of property is this?
    Flex space - Freestanding building with fenced yard, ideal for various uses.
    Where is this flex space located?
    The property is located at 2041 Mill Street Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Freestanding commercial building with fenced yard/laydown area.; Multiple roll‑up doors for functional access, suitable for various industrial or service‑based uses.; Flexible zoning potential for owner‑user or value‑add investor (buyer to verify).
    (337) 706-4445
    We can help!
    Listing Contact
    Kiwi Bautista
    Real Estate License ID: 0995705799
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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.

    More about this property
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