Flex Space with Office and
For Sale
$585,000
747 Long Dr, Lake Charles, LA 70611
Cleared commercial tract near Highway 171 with covered work and storage capacity.
Property Size4,000 SF
Price / SF$146.25
Days on Market662
Property Features for 747 Long Dr
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Office
Building Details
Year Built
2014
Listing Agency:
RE/MAX ONE
(337) 725-4663
Listed By:
Lydia Holland · License #995701936
(337) 725-4663
Source:
Lacdb.resimplifi
Added: Nov 7, 2024
Changed: Aug 29
Last Checked: Aug 30 at 1:10PM
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 RE/MAX ONE
Investment Insights
Based on property information with market context.
Built in 2014, the property combines a 4,000-square-foot commercial structure with a practical mix of workspace and administrative areas. The warehouse and shop portion measures 3,100 square feet and includes four roll-up doors. Approximately 900 square feet of heated and cooled office space provides a kitchenette and two bathrooms for day-to-day operations and meetings. A 30-by-60-foot lean-to awning adds 1,800 square feet of covered area for equipment storage, parking, or additional work space.
The improvements sit on an all-cleared 1+ acre tract at 747 Long Dr, Lake Charles, LA 70611, near Highway 171 in Moss Bluff. The site provides a combination of enclosed work areas, offices, and outdoor covered capacity suited to storage, manufacturing, distribution, or other commercial operations.
The improvements sit on an all-cleared 1+ acre tract at 747 Long Dr, Lake Charles, LA 70611, near Highway 171 in Moss Bluff. The site provides a combination of enclosed work areas, offices, and outdoor covered capacity suited to storage, manufacturing, distribution, or other commercial operations.
Key Highlights
- 4,000‑square‑foot structure built in 2014
- 3,100 square feet of warehouse/shop area with 4 roll‑up doors
- Approximately 900 square feet of heated/cooled office space
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
$35,100
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
6.00%
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%
$702,000
$702.0K
Cap Rate 7%
$501,429
$501.4K
Cap Rate 9%
$390,000
$390.0K
Market Conditions
NOI Build-Up for 4,000 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
$60.0K $15.00/SF
− Vacancy
−$13.2K −$3.30/SF
EGI
$46.8K $11.70/SF
− OpEx
−$11.7K −$2.93/SF
NOI
$35.1K $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%
$702,000
Cap Rate 7%
$501,429
Cap Rate 9%
$390,000
Alternative Uses
Best Use
Flex RnD
$779.1K
$681.7K – $909.0K
NOI $54,538 @ 7.0% cap · market cap 9.32%
Second Best
Office B
$501.4K
$438.8K – $585.0K
NOI $35,100 @ 7.0% cap · market cap 6.00%
Theoretical Best
Specialty Retail
$862.2K
$754.4K – $1.01M
NOI $60,354 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70611, LA
22,457
Population
8,971
Households
2.5
Avg Household Size
37
Median Age
30%
College-Educated
91%
High-School Grad
81.7 sq mi
ZIP Area
275
Density / Sq Mi
$101,146
Median Household Income
$56,450
Median Earnings
$1,241
Median Rent
$249,400
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 - Cleared commercial tract near Highway 171 with covered work and storage capacity.
Where is this flex space located?
The property is located at 747 Long Dr Lake Charles, LA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 4,000‑square‑foot structure built in 2014; 3,100 square feet of warehouse/shop area with 4 roll‑up doors; Approximately 900 square feet of heated/cooled office space
