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

    Swc Broad St & Tom Watson Rd Lake Charles, LA 70615

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    20 acres for development near Chennault International Airport.

    Property size:
    20 SF
    Lot size:
    20.00 Acres

    Property Features for Swc Broad St & Tom Watson Rd

    General Information

    Size
    20 SF
    Lot size
    20.00 Acres

    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

    Overview

    20 Acres Available For Development

    Located on the southwest corner of Broad Street and Tom Watson Road, this property offers approximately 20 acres available for development. The location is near Chennault International Airport and Sowela Technical Community College. It is ideally suited for a convenience store, food mart, and/or casual dining establishment. The site provides access to over 1,500 employees and 3,000 students daily. The National Guard's new Readiness Center is scheduled to begin operating in 2022.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.1637
    Latitude
    30.2347

    Nearby Similar for Lease

    • $10,000 /Mo
      8,146 SF

      Downtown Lake Charles Commercial Building

      Two-story commercial building in a vibrant downtown location.
      720 Ryan St, Lake Charles, LA 70601
      View Details
    • New
      $2,430 /Mo

      Professional Office Space For Lease

      Professional office space with high visibility in desirable business district.
      2624 Country Club Rd, Lake Charles, LA 70605
      View Details
    • $1,000 /Mo
      14,680 SF

      Office Space Near Prien Lake

      Office space for lease near the mall on Prien Lake.
      226 W Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • $2,700 /Mo

      Remodeled Retail Space in Moss Bluff

      Remodeled retail space in a busy shopping center.
      392 Sam Houston Jones Pkwy, Moss Bluff, LA 70611
      View Details
    • $1,500 /Mo
      1,120 SF

      Versatile Commercial Space on Prien Lake

      Office plus warehouse/shop space on high-traffic corridor.
      1810 E Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • $20 SF/Yr
      12,500 SF

      Dominion Plaza Retail Space Available

      Prime commercial space in a high-traffic Lake Charles location.
      5400 Nelson Rd, Lake Charles, LA 70605
      View Details
    • Contact for pricing
      1,000 SF

      Grocery Anchored Shopping Center Space

      Prime retail space in Lake Charles's premier shopping destination.
      2950 Ryan St, Lake Charles, LA 70601
      View Details
    • $24 SF/Yr
      43,560 SF

      Retail Space in Petro Point

      Retail suite available for lease in Lake Charles, LA.
      5111 Common St, Lake Charles, LA 70607
      View Details
    • $12 SF/Yr
      208,321 SF

      Lake Charles Power Center Retail Space

      Prime Retail Space, I-210 & Hwy 14
      3407 Derek Dr, Lake Charles, LA 70607
      View Details
    • $28 SF/Yr
      89,709 SF

      Lake Charles Retail Space

      Prime Retail, Restaurant Space Available
      5675 Nelson Rd, Lake Charles, LA 70605
      View Details
    • $28 SF/Yr
      7,200 SF

      Country Club Plaza Retail Opportunity

      High-traffic retail space, Lake Charles
      4459 Nelson Rd, Lake Charles, LA 70605
      View Details
    • $28 SF/Yr
      35,555 SF

      Lake Charles Executive Office Space

      Prime Downtown Lake Charles Office/Retail
      710 Ryan St, Lake Charles, LA 70601
      View Details

    FAQs

    What type of property is this?
    Land - 20 acres for development near Chennault International Airport.
    Where is this land located?
    The property is located at Swc Broad St & Tom Watson Rd Lake Charles, LA.
    What are key features of this property?
    This property features: - ±20 acres available for development; - Located near Chennault International Airport & Sowela Technical Community College; - Access to over 1,500 employees and 3,000 students daily
    (337) 529-6710
    Request Owner's contact information
    Swc Broad St & Tom Watson Rd Lake Charles, LA 70615
    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.
    Swc Broad St & Tom Watson Rd
    Lake Charles, LA 70615
    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
    Swc Broad St & Tom Watson Rd Lake Charles, LA 70615
    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.