Remodeled Office
For Sale
$119,500
3324 Center St, Lake Charles, LA 70601
B-zoned commercial space with dual entrances, rear parking, and a kitchen or break area.
Property Size950 SF
Price / SF$125.79
Days on Market51
Property Features for 3324 Center St
General Information
Standard status
Active
Size
950 SF
Amenities
open kitchen/break room
employee/client restroom
front and rear entrances
Listing Agency:
Century 21 Bessette Flavin
(337) 794-5446
Listed By:
Larry Turner · License #43345
Source:
Athomerealtyla
Added: Jul 10
Changed: Aug 28
Last Checked: Aug 25 at 4:01AM
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 Century 21 Bessette Flavin
Investment Insights
Based on property information with market context.
This remodeled office property features separate front and rear access, an open kitchen and break area, and a restroom serving employees or clients. The space has previously operated as a hair salon and tai chi center, supporting its established commercial configuration. A termite contract is in place.
The property is located at 3324 Center St in Lake Charles, just off Prien Lake Road on a short dead-end street. Parking is available behind the building, with additional street parking. B zoning and the existing layout provide a straightforward setting for office-oriented operations and other commercial occupancy types identified in the property information.
The property is located at 3324 Center St in Lake Charles, just off Prien Lake Road on a short dead-end street. Parking is available behind the building, with additional street parking. B zoning and the existing layout provide a straightforward setting for office-oriented operations and other commercial occupancy types identified in the property information.
Key Highlights
- Remodeled commercial property with front and rear entrances
- Rear parking plus additional street parking
- B zoning
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
$8,336
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
6.98%
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%
$166,720
$166.7K
Cap Rate 7%
$119,086
$119.1K
Cap Rate 9%
$92,622
$92.6K
Market Conditions
NOI Build-Up for 950 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
$14.3K $15.00/SF
− Vacancy
−$3.1K −$3.30/SF
EGI
$11.1K $11.70/SF
− OpEx
−$2.8K −$2.93/SF
NOI
$8.3K $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%
$166,720
Cap Rate 7%
$119,086
Cap Rate 9%
$92,622
Alternative Uses
Best Use
Office B
$119.1K
$104.2K – $138.9K
NOI $8,336 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$204.8K
$179.2K – $238.9K
NOI $14,334 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
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?
Office units - B-zoned commercial space with dual entrances, rear parking, and a kitchen or break area.
Where is this office units located?
The property is located at 3324 Center St Lake Charles, LA.
What is the asking price?
The asking price for this property is $119,500.
What are key features of this property?
This property features: Remodeled commercial property with front and rear entrances; Rear parking plus additional street parking; B zoning
