Office Building with
For Sale
$1,349,900
1037 Sam Houston Jones, Lake Charles, LA 70611
Brick office property with divisible suites, a four-bay garage, and substantial paved parking.
Property Size9,730 SF
Lot Size1.84 Acres
Price / SF$138.75
Days on Market42
Property Features for 1037 Sam Houston Jones
General Information
Standard status
Active
Size
9,730 SF
Total Parking Spaces
42
Lot size
1.84 Acres
Amenities
kitchen
breakroom
handicap accessible bathrooms
T-1 line
Building Details
Buildings
1
Building Size
9,730 SF
Construction
brick
Listing Agency:
Myrtis Mueller Realty
(337) 540-3334
Listed By:
Jeff Pitre · License #16818
Source:
Athomerealtyla
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 7:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myrtis Mueller Realty
Investment Insights
Based on property information with market context.
This brick office building offers 8,710 square feet of office space within 9,730 square feet under roof, excluding the overhang. The interior includes a kitchen, breakroom, four handicap-accessible bathrooms, and a T-1 line. Office areas are configured for separate leasing, providing a divided layout for multiple occupants. A four-bay garage is attached, with electric overhead doors serving each bay.
The property occupies 1.84 acres m/l at the southwest corner of Sam Houston Jones Parkway and Reeves Rd. Site improvements include a concrete parking lot with 42 parking spaces. The combination of office space, garage capacity, divisible configuration, and dedicated parking supports a range of commercial office and service-oriented operations.
The property occupies 1.84 acres m/l at the southwest corner of Sam Houston Jones Parkway and Reeves Rd. Site improvements include a concrete parking lot with 42 parking spaces. The combination of office space, garage capacity, divisible configuration, and dedicated parking supports a range of commercial office and service-oriented operations.
Key Highlights
- 8,710 sq.ft of office space within 9,730 square feet under roof
- 1.84 acres m/l at the SW Corner of Sam Houston Jones Parkway and Reeves Rd.
- Four‑bay garage with 4 electric garage doors
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
$85,372
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
6.32%
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%
$1,707,440
$1.7M
Cap Rate 7%
$1,219,600
$1.2M
Cap Rate 9%
$948,578
$948.6K
Market Conditions
NOI Build-Up for 9,729 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
$145.9K $15.00/SF
− Vacancy
−$32.1K −$3.30/SF
EGI
$113.8K $11.70/SF
− OpEx
−$28.5K −$2.93/SF
NOI
$85.4K $8.78/SF
Area
Calcasieu County, LA
Vacancy
22.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,707,440
Cap Rate 7%
$1,219,600
Cap Rate 9%
$948,578
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,372 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.10M
$1.83M – $2.45M
NOI $146,796 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 70611, LA
22,457
Population
8,971
Households
2.5
Avg Household Size
37
Median Age
30%
College-Educated
91%
High-School Grad
81.7 sq mi
ZIP Area
275
Density / Sq Mi
$101,146
Median Household Income
$56,450
Median Earnings
$1,241
Median Rent
$249,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Brick office property with divisible suites, a four-bay garage, and substantial paved parking.
Where is this office building located?
The property is located at 1037 Sam Houston Jones Lake Charles, LA.
What is the asking price?
The asking price for this property is $1,349,900.
What are key features of this property?
This property features: 8,710 sq.ft of office space within 9,730 square feet under roof; 1.84 acres m/l at the SW Corner of Sam Houston Jones Parkway and Reeves Rd.; Four‑bay garage with 4 electric garage doors
