Medical Office
For Sale
$220,000
1327 Enterprise Blvd, Lake Charles, LA 70601
Mixed Use zoning allows consideration of multiple commercial uses, subject to municipal approval.
Property Size1,764 SF
Price / SF$124.72
Days on Market10
Property Features for 1327 Enterprise Blvd
General Information
Standard status
Active
Size
1,764 SF
Listing Agency:
HUNCO Real Estate
(337) 889-5711
Listed By:
William G Raines · License #0995684992
(337) 344-7173
Source:
Exprealty
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 5 at 11:29PM
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 HUNCO Real Estate
Investment Insights
Based on property information with market context.
This 1,764-square-foot medical office property occupies an approximately 0.27-acre site. The space has previously supported medical-related activity, and its Mixed Use (MU) zoning allows consideration of a range of uses subject to municipal approval. Potential applications identified for the property include medical or specialty care, counseling, therapy, daycare, education, and professional office services.
At 1327 Enterprise Blvd in Lake Charles, the property connects to I-10 and I-210 for travel within the Lake Charles market and surrounding Southwest Louisiana communities. The office/medical-related classification and prior medical-related use provide relevant context for evaluating the space alongside its other potential commercial applications.
At 1327 Enterprise Blvd in Lake Charles, the property connects to I-10 and I-210 for travel within the Lake Charles market and surrounding Southwest Louisiana communities. The office/medical-related classification and prior medical-related use provide relevant context for evaluating the space alongside its other potential commercial applications.
Key Highlights
- 1,764‑square‑foot medical office property
- Approximately 0.27‑acre site
- Mixed Use (MU) zoning; uses subject to municipal approval
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,479
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,580
$309.6K
Cap Rate 7%
$221,129
$221.1K
Cap Rate 9%
$171,989
$172.0K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$26.5K $15.00/SF
− Vacancy
−$5.8K −$3.30/SF
EGI
$20.6K $11.70/SF
− OpEx
−$5.2K −$2.93/SF
NOI
$15.5K $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 Rate 5%
$309,580
Cap Rate 7%
$221,129
Cap Rate 9%
$171,989
Alternative Uses
Best Use
Healthcare Medical
$333.4K
$291.7K – $389.0K
NOI $23,338 @ 7.0% cap · market cap 10.61%
Second Best
Office B
$221.1K
$193.5K – $258.0K
NOI $15,479 @ 7.0% cap · market cap 7.04%
Theoretical Best
Specialty Retail
$380.2K
$332.7K – $443.6K
NOI $26,616 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
727
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Mixed Use zoning allows consideration of multiple commercial uses, subject to municipal approval.
Where is this medical office space located?
The property is located at 1327 Enterprise Blvd Lake Charles, LA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,764‑square‑foot medical office property; Approximately 0.27‑acre site; Mixed Use (MU) zoning; uses subject to municipal approval
