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    620 Esplanade St Lake Charles, LA 70607

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    For Sale
    $3,500,000

    Multi-tenant office building with government and state tenants.

    Property size:
    5,800 SF

    Property Features for 620 Esplanade St

    General Information

    Size
    5,800 SF

    Source: Andrew Vanchiere, CCIM, SIOR Agent Andrew Vanchiere, CCIM, SIOR

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

    Overview

    Multi-Tenant Government Leased Office Building

    This multi-tenant office building offers approximately 17,000 square feet of total space. The property features a 15-year GSA tenant on the ground floor and a State of Louisiana tenant on the second floor with a short-term lease, but a high likelihood of longer-term commitment. The multi-tenant office market is 467,000 square feet with 83% occupancy. Top tier office properties are 91.58% occupied. Pre-Hurricane Laura, the market had 869,000 square feet of space with 76% occupancy. The property is located in Lake Charles, LA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    United States Government Government US Interior Department Conservation Department US Minerals Management ... County Government Office Dept of Homeland Security Military Base Book Jr Fred A Personal Injury Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.212519
    Latitude
    30.166096

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    FAQs

    What type of property is this?
    Office building - Multi-tenant office building with government and state tenants.
    Where is this office building located?
    The property is located at 620 Esplanade St Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - 15-Year GSA Tenant on Ground Floor provides stable, long-term income; - NOI of $234,196 at an offered price of $3,500,000 indicates a strong return on investment; - Top Tier Office Asset in the market
    (337) 304-1341
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    620 Esplanade St Lake Charles, LA 70607
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    Lake Charles, LA 70607
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    Realmo Value Estimation

    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.

    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.

    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
    620 Esplanade St Lake Charles, LA 70607
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