Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    232 Prater Rd Sulphur, LA 70663

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,500 /Mo ($13 SF/Yr)

    5,000 SF office/warehouse with improved laydown yard available for lease.

    Property size:
    5,000 SF
    Lot size:
    5,000 SF

    Property Features for 232 Prater Rd

    General Information

    Size
    5,000 SF

    We can help!

    Listing Contact
    Joel Davidson, Ccim
    Source: Naiglobal

    Listing Agent: Joel Davidson, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office Warehouse with Laydown Yard

    This property features a 5,000-square-foot office and warehouse space, comprising 3,000 square feet of office area and 2,000 square feet of warehouse space. The office area includes six offices, a conference room, and a kitchen. The warehouse is accessible via two 12-foot by 14-foot roll-up doors. The total lot size is approximately 0.5 acres (100 feet by 215 feet) with an improved laydown yard of approximately 26,600 square feet. The building is in excellent condition and will be available starting January 1, 2022.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PSC James Construction Construction Company

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sulphur
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.308659
    Latitude
    30.236784

    Nearby Similar for Lease

    • $2,500 /Mo
      36,155 SF

      Versatile Commercial Space in Sulphur

      Office and warehouse space in high-traffic Sulphur location.
      2412 Maplewood Dr, Sulphur, LA 70663
      View Details
    • $2,400 /Mo
      8,756 SF

      New Office Space on Hwy 90

      Newly built office space with high visibility on Hwy 90.
      1490 E Napoleon St, Sulphur, LA 70663
      View Details
    • $8 SF/Yr
      55,000 SF

      Industrial Space in Calcasieu Park

      Industrial building suitable for manufacturing, distribution, or warehousing.
      2970 Calcasieu Industrial Dr, Sulphur, LA 70665
      View Details
    • $14 SF/Yr
      17,500 SF

      Industrial Warehouse Space Available

      17,500 SF warehouse space with office in Sulphur, LA.
      2988 Calcasieu Industrial Dr, Sulphur, LA 70665
      View Details
    • $12 SF/Yr
      12,500 SF

      Scalable Warehouse Space Available

      Office/warehouse space in Calcasieu Industrial Park, Sulphur, LA.
      Tbd Calcasieu Industrial Dr, Sulphur, LA 70665
      View Details
    • $10 SF/Yr
      55,000 SF

      Maplewood Plaza Retail Space for Lease

      Sulphur, LA Retail Center - Two Spaces Available
      2237 Maplewood Dr, Sulphur, LA 70663
      View Details
    • $5,400 /Mo
      5,400 SF

      Sulphur Office/Warehouse Space Available

      Office/warehouse space with stabilized lay-down yard in Sulphur, Louisiana.
      1380 Swisco Rd, Sulphur, LA 70665
      View Details
    • $5,000 /Mo
      5,600 SF

      Industrial Flex Space For Lease

      5,600 SF industrial flex space with office and warehouse.
      329 N Beglis Pkwy, Sulphur, LA 70663
      View Details
    • $4,100 /Mo
      4,000 SF

      Sulphur Flex Space For Rent

      Flex space featuring warehouse and office components available for lease.
      228 Prater Rd, Sulphur, LA 70663
      View Details
    • $1,800 /Mo
      2,400 SF

      Retail/Office Space For Lease

      Retail or office suites available for lease in Sulphur.
      1596 East Napoleon St, Sulphur, LA 70663
      View Details
    • $2,000 /Mo
      1,200 SF

      Office/Retail Suite Near Walmart

      1,200 SF office/retail suite available for lease.
      550 Cities Service Hwy, Sulphur, LA 70663
      View Details
    • $1,500 /Mo
      1,500 SF

      Flex Space with Lay-down Yard

      1,500 SF flex space with office and warehouse.
      2965 E Napoleon St, Sulphur, LA 70663
      View Details

    FAQs

    What type of property is this?
    Warehouse - 5,000 SF office/warehouse with improved laydown yard available for lease.
    Where is this warehouse located?
    The property is located at 232 Prater Rd Sulphur, LA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - ±26,600 SF Improved Laydown Yard; - 3,000 SF Office / 2,000 SF Warehouse; - Features two 12' x 14' roll-up doors
    (337) 529-6710
    Request Owner's contact information
    232 Prater Rd Sulphur, LA 70663
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    232 Prater Rd
    Sulphur, LA 70663
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    232 Prater Rd Sulphur, LA 70663
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joel Davidson, Ccim
    (337) 529-6710
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.