Flex Office-Warehouse
409 Scott Street Lake Charles, LA 70601
409 Scott Street, Lake Charles, LA, 70601
$1,590,000
For Sale
$1,590,000
Office and warehouse space with more than 7,000 sq. ft. of parking, plus recent HVAC and interior updates.
Property Size19,235 SF
Price / SF$82.66
Days on Market1033
Property Features for 409 Scott Street
General Information
- Standard status
- Active
- Size
- 19,235 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1978
Listing agency
Compass-lc
(337) 436-6639
Listed by
Jo Smith · License #9711
Source
Xome
Added: Sep 23, 2023 Updated: Jul 20 at 8:55PM Checked: Jul 21 at 3:01AM
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 Compass-lc
Investment Insights
Based on property information with market context.
This flex office-warehouse building includes both office space and warehouse space. The property also has over 7,000 sq. ft. of parking available. Updates cited for the building include new HVAC units, sheetrock, ceilings, painting, doors, lighting, and flooring.
The property is located just a few blocks north of the I-210 corridor, near a well-established CBD development.
Available income information is listed as available upon request. All measurements are more or less.
The property is located just a few blocks north of the I-210 corridor, near a well-established CBD development.
Available income information is listed as available upon request. All measurements are more or less.
Key Highlights
- Office and warehouse space with more than 7,000 sq. ft. of parking
- Corner lot in city with paved driveway and paved road frontage
- Building updates include new HVAC units, sheetrock, ceilings, painting, doors, lighting, and flooring
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.3k | $9.48 |
| − Vacancy | −$12.4k | −$0.64 |
| EGI | $169.9k | $8.84 |
| − OpEx | −$25.5k | −$1.33 |
| NOI | $144.5k | $7.51 |
19,235 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$3.75M
$3.28M – $4.37M
NOI $262,258 @ 7.0% cap · market cap 16.49%
Second Best
Office B
$2.41M
$2.11M – $2.81M
NOI $168,787 @ 7.0% cap · market cap 10.62%
Theoretical Best
Specialty Retail
$4.15M
$3.63M – $4.84M
NOI $290,227 @ 7.0% cap · market cap 18.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Office and warehouse space with more than 7,000 sq. ft. of parking, plus recent HVAC and interior updates.
Where is this flex space located?
The property is located at 409 Scott Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Office and warehouse space with more than 7,000 sq. ft. of parking; Corner lot in city with paved driveway and paved road frontage; Building updates include new HVAC units, sheetrock, ceilings, painting, doors, lighting, and flooring
