Renovated Flex Space with
For Sale
$295,000
131 Eddy St, Lake Charles, LA 70601
Updated office and warehouse areas support administrative and operational functions under one roof.
Property Size3,045 SF
Price / SF$96.88
Days on Market40
Property Features for 131 Eddy St
General Information
Standard status
Active
Size
3,045 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
dual entrances
roll-up door
Building Details
Year Built
1994
Tenancy
Multi
Listing Agency:
Real Broker, LLC
(337) 526-5737
Listed By:
Danette McManus · License #995718092
Source:
Athomerealtyla
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 28 at 1:07PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This renovated flex property combines updated office space at the front with functional warehouse space at the rear. The office component measures 1,250+ sq ft, while the warehouse provides 1,800 sq ft and includes a roll-up door for moving materials and equipment. Dual entrances support separate access points, and the layout currently accommodates two businesses while allowing reconfiguration for a single operation.
The property is located at 131 Eddy St in Lake Charles, just off Ryan Street and minutes from I-210. The site also offers visibility from its location, with an adjacent lot available as an option for additional storage or parking. Built in 1994, the property is suited to businesses requiring a combination of professional workspace and warehouse functionality.
The property is located at 131 Eddy St in Lake Charles, just off Ryan Street and minutes from I-210. The site also offers visibility from its location, with an adjacent lot available as an option for additional storage or parking. Built in 1994, the property is suited to businesses requiring a combination of professional workspace and warehouse functionality.
Key Highlights
- 1,250+ sq ft of updated office space
- 1,800 sq ft warehouse with roll‑up door
- Dual entrances support separate access points
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
$26,720
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
9.06%
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%
$534,400
$534.4K
Cap Rate 7%
$381,714
$381.7K
Cap Rate 9%
$296,889
$296.9K
Market Conditions
NOI Build-Up for 3,045 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
$45.7K $15.00/SF
− Vacancy
−$10.0K −$3.30/SF
EGI
$35.6K $11.70/SF
− OpEx
−$8.9K −$2.93/SF
NOI
$26.7K $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%
$534,400
Cap Rate 7%
$381,714
Cap Rate 9%
$296,889
Alternative Uses
Best Use
Flex RnD
$593.1K
$519.0K – $692.0K
NOI $41,517 @ 7.0% cap · market cap 14.07%
Second Best
Office B
$381.7K
$334.0K – $445.3K
NOI $26,720 @ 7.0% cap · market cap 9.06%
Theoretical Best
Specialty Retail
$656.3K
$574.3K – $765.7K
NOI $45,944 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,483
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70601, LA
34,571
Population
16,811
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
16.1 sq mi
ZIP Area
2,147
Density / Sq Mi
$49,545
Median Household Income
$34,044
Median Earnings
$938
Median Rent
$164,300
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?
Flex space - Updated office and warehouse areas support administrative and operational functions under one roof.
Where is this flex space located?
The property is located at 131 Eddy St Lake Charles, LA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,250+ sq ft of updated office space; 1,800 sq ft warehouse with roll‑up door; Dual entrances support separate access points
