Renovated Lake Charles Warehouse/Distribution
For Sale
$4,699,000
2925 Industrial Ave, Lake Charles, LA 70615
Renovated warehouse/distribution center with office space and additional land.
Property Size48,320 SF
Lot Size2.96 Acres
Price / SF$97.25
Days on Market540
Property Features for 2925 Industrial Ave
General Information
Standard status
Active
Size
48,320 SF
Lot size
2.96 Acres
Listing Agency:
CENTURY 21 Bessette Flavin
(337) 794-8557
Listed By:
Coleen Clark · License #LA985685213
(337) 794-8557
Source:
Exprealty
Added: Feb 28, 2025
Changed: Aug 20
Last Checked: Aug 22 at 11:04AM
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 CENTURY 21 Bessette Flavin
Investment Insights
Based on property information with market context.
This renovated 48,320 square foot office/warehouse distribution center is located in Lake Charles, offering an investment opportunity for investors and owner-users. The property is situated minutes from Interstate I-10 and I-210, providing accessibility. The 2,112 square feet of office space includes a reception area, four private offices, a meeting room, and space for administrative functions. The 46,208 square foot warehouse features 18-foot ceiling heights and is partially equipped with HVAC. The space is designed for industrial or storage uses, with five loading doors, including one 12' x 12' ramp access overhead door, one 12' x 12' dock height overhead door, and four 10' x 12' dock height overhead doors, all supported by a paved loading area. The property was renovated in 2025, including a new roof. An additional approximately 0.6 acres of land is included, suitable for storage or a laydown yard. The property is secured with a security fence and gate. A paved parking lot extends from the northeast corner of the building. Located in Flood Zone X, the property has access to rail service on the north side of the building, requiring owner submission of an AccessUp project to Union Pacific for approval.
Key Highlights
- Fully renovated in 2025, including a new roof.
- Excellent accessibility, minutes from Interstate I‑10 and I‑210.
- Large 46,208 square foot warehouse with 18‑foot ceiling heights and partial HVAC.
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
$424,008
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
9.02%
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%
$8,480,160
$8.5M
Cap Rate 7%
$6,057,257
$6.1M
Cap Rate 9%
$4,711,200
$4.7M
Market Conditions
NOI Build-Up for 48,320 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
$724.8K $15.00/SF
− Vacancy
−$159.5K −$3.30/SF
EGI
$565.3K $11.70/SF
− OpEx
−$141.3K −$2.93/SF
NOI
$424.0K $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%
$8,480,160
Cap Rate 7%
$6,057,257
Cap Rate 9%
$4,711,200
Alternative Uses
Best Use
Office B
$6.06M
$5.30M – $7.07M
NOI $424,008 @ 7.0% cap · market cap 9.02%
Second Best
Warehouse
$5.18M
$4.54M – $6.05M
NOI $362,886 @ 7.0% cap · market cap 7.72%
Theoretical Best
Specialty Retail
$10.42M
$9.11M – $12.15M
NOI $729,076 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 70615, LA
14,949
Population
5,498
Households
2.7
Avg Household Size
36
Median Age
15%
College-Educated
84%
High-School Grad
45.9 sq mi
ZIP Area
326
Density / Sq Mi
$43,333
Median Household Income
$30,086
Median Earnings
$1,095
Median Rent
$128,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Renovated warehouse/distribution center with office space and additional land.
Where is this distribution center located?
The property is located at 2925 Industrial Ave Lake Charles, LA.
What is the asking price?
The asking price for this property is $4,699,000.
What are key features of this property?
This property features: Fully renovated in 2025, including a new roof.; Excellent accessibility, minutes from Interstate I‑10 and I‑210.; Large 46,208 square foot warehouse with 18‑foot ceiling heights and partial HVAC.
