Flex Space with Loading
For Sale
$949,000
720 E Prien Lake Rd E, Lake Charles, LA 70601
Office and warehouse space under renovation along a heavily traveled commercial corridor with access to major interstates.
Property Size9,950 SF
Price / SF$95.38
Days on Market51
Property Features for 720 E Prien Lake Rd E
General Information
Standard status
Active
Size
9,950 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1950
Listing Agency:
CENTURY 21 Bessette Flavin
(337) 794-5446
Listed By:
Molly Barker · 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 9,950-square-foot flex property combines office and warehouse areas and is currently undergoing renovation. The building includes a loading dock to support shipping and receiving functions, while the ongoing work may allow for finish selections suited to the eventual operation. Constructed in 1950, the property is zoned B.
The site provides 308 feet of frontage on E Prien Lake Road in Lake Charles, with access to Interstate 210 and Interstate 10. The corridor records a daily traffic count exceeding 25,000 vehicles and includes retail, service businesses, restaurants, national chains, and professional offices. Downtown Lake Charles, major shopping centers, and residential developments are also nearby.
The site provides 308 feet of frontage on E Prien Lake Road in Lake Charles, with access to Interstate 210 and Interstate 10. The corridor records a daily traffic count exceeding 25,000 vehicles and includes retail, service businesses, restaurants, national chains, and professional offices. Downtown Lake Charles, major shopping centers, and residential developments are also nearby.
Key Highlights
- 9,950‑square‑foot flex space with office and warehouse areas
- 308 feet of frontage on E Prien Lake Road
- Warehouse includes a loading dock
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
$87,311
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
9.20%
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%
$1,746,220
$1.7M
Cap Rate 7%
$1,247,300
$1.2M
Cap Rate 9%
$970,122
$970.1K
Market Conditions
NOI Build-Up for 9,950 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
$149.3K $15.00/SF
− Vacancy
−$32.8K −$3.30/SF
EGI
$116.4K $11.70/SF
− OpEx
−$29.1K −$2.93/SF
NOI
$87.3K $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%
$1,746,220
Cap Rate 7%
$1,247,300
Cap Rate 9%
$970,122
Alternative Uses
Best Use
Flex RnD
$1.94M
$1.70M – $2.26M
NOI $135,662 @ 7.0% cap · market cap 14.30%
Second Best
Office B
$1.25M
$1.09M – $1.46M
NOI $87,311 @ 7.0% cap · market cap 9.20%
Theoretical Best
Specialty Retail
$2.14M
$1.88M – $2.50M
NOI $150,131 @ 7.0% cap · market cap 15.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,226
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 - Office and warehouse space under renovation along a heavily traveled commercial corridor with access to major interstates.
Where is this flex space located?
The property is located at 720 E Prien Lake Rd E Lake Charles, LA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 9,950‑square‑foot flex space with office and warehouse areas; 308 feet of frontage on E Prien Lake Road; Warehouse includes a loading dock
