Versatile Office/Flex Building
1180 E McNeese St, Lake Charles, LA 70607
For Sale
$1,200,000
Office/flex building near McNeese State University and Chennault Airport.
Property Size6,000 SF
Lot Size0.72 Acres
Price / SF$200
Days on Market279
Property Features for 1180 E McNeese St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Amenities
Power
Water
Sewer
Listing Agency:
NAI Rampart Commercial Real Estate Lake Charles
Listed By:
David Burnthorn
(337) 540-5754
Source:
Lacdb.resimplifi
Added: Feb 5
Changed: Oct 26
Last Checked: Nov 10 at 5:16AM
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 NAI Rampart Commercial Real Estate Lake Charles
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located minutes from McNeese State University, Chennault International Airport, and the Port/Ship Channel employment hub in Lake Charles, LA, this office/flex building offers a versatile space suitable for various business uses. The building encompasses approximately 6,000 square feet and is situated on approximately 0.72 acres. This property is ideal for professional services, medical offices, creative studios, light operations, and training centers. The property's location provides convenient access to I-210, facilitating connections for customers and employees. The property offers the potential for multi-suite configurations to accommodate a range of businesses.
Key Highlights
- Prime location near McNeese State University, Chennault International Airport, and the Port/Ship Channel employment hub.
- Versatile ±6,000 SF office/flex building suitable for various business types.
- Potential for multi‑suite configurations to accommodate a range of businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,806
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,120
$1.6M
Cap Rate 7%
$1,168,657
$1.2M
Cap Rate 9%
$908,956
$909.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$136.8K $22.80/SF
− Vacancy
−$10.9K −$1.82/SF
EGI
$125.9K $20.98/SF
− OpEx
−$44.0K −$7.34/SF
NOI
$81.8K $13.63/SF
Area
Calcasieu County, LA
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,120
Cap Rate 7%
$1,168,657
Cap Rate 9%
$908,956
Alternative Uses
Best Use
Flex RnD
$1.17M
$1.02M – $1.36M
NOI $81,806 @ 7.0% cap · market cap 6.82%
Second Best
Office B
$752.1K
$658.1K – $877.5K
NOI $52,650 @ 7.0% cap · market cap 4.39%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,531 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 70607, LA
30,339
Population
13,692
Households
2.2
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
263
Density / Sq Mi
$58,427
Median Household Income
$35,815
Median Earnings
$1,053
Median Rent
$171,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Lake Charles, LA
Properties on Market for Office buildings in Lake Charles
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office/flex building near McNeese State University and Chennault Airport.
Where is this office building located?
The property is located at 1180 E McNeese St Lake Charles, LA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location near McNeese State University, Chennault International Airport, and the Port/Ship Channel employment hub.; Versatile ±6,000 SF office/flex building suitable for various business types.; Potential for multi‑suite configurations to accommodate a range of businesses.
