Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1514 Sampson St Westlake, LA 70669

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Freestanding commercial building in Westlake, Louisiana, suitable for various uses.

    Property size:
    17,267 SF
    Lot size:
    2.35 Acres

    Property Features for 1514 Sampson St

    General Information

    Standard status
    Active
    Zoning
    B-1 Commercial Shopping Central Community
    Size
    17,267 SF
    Lot size
    2.35 Acres

    Building Details

    Year built
    2013

    We can help!

    Listing Contact
    Kelly Toney
    Source: Crexi

    Listing Agency: Tranzon LLC Elizabethtown Listing Agent: Kelly Toney

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Westlake Commercial Building For Sale

    This freestanding commercial building, formerly Miller’s Superstore, is now for sale. Constructed in 2013, the property is located in Westlake, Louisiana. The building offers a flexible interior layout suitable for retail, showroom, warehouse-distribution, service, or owner-user operations. The property features a spacious open floor plan and a strong parking ratio, making it suitable for retail operators, discount stores, sporting goods, hardware, grocery, specialty users, or adaptive reuse. The single-story building has a size of 17,267 square feet and is situated on a 2.35-acre site. There are 45 parking spaces, plus 4 handicap spaces. A loading dock is available for deliveries and logistics. A new roof was installed in 2021. The property is located in Flood Zone X, indicating a 0.2% annual chance flood hazard (low risk). The property is in move-in ready condition. The property is adjacent to the Westlake Recreational Center and is located in a high visibility retail corridor near major highway access (I-10). Given the B-1 Commercial Shopping Central Community zoning and retail commercial classification, this property is well-suited for retail operations (grocery, department store, specialty retail), warehouse and distribution center, mixed commercial/office space, recreation or entertainment venue, and medical or professional services.
    Location Intelligence

    Current Use by Public Records

    higi Physician Western Union Bank Miller's Super Saver Department Store Westlake Farmers Market Food Market LibertyX Bitcoin ATM Atm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westlake
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.258022
    Latitude
    30.252452

    Nearby Similar for Sale

    • $425,000
      0.51 Acres

      Westlake Commercial Building For Sale

      Commercial building in Westlake, LA with bar and retail spaces.
      3200 Highway 108, Westlake, LA 70669
      View Details
    • Contact for pricing
      17,267 SF

      1514 Sampson St

      Realmo.com
      1514 Sampson St, Westlake, LA 70669
      View Details
    • Contact for pricing
      4,500 SF

      Versatile Building on Spacious Lot

      Multi-functional building with event space on a 1.05-acre lot.
      2540 Miller Ave, Westlake, LA 70669
      View Details
    • Contact for pricing
      1,507 SF

      Profitable Restaurant Opportunity

      Established restaurant for sale with equipment and recipes included.
      1153 Sampson St, Westlake, LA 70669
      View Details

    FAQs

    What type of property is this?
    Retail space - Freestanding commercial building in Westlake, Louisiana, suitable for various uses.
    Where is this retail space located?
    The property is located at 1514 Sampson St Westlake, LA.
    What are key features of this property?
    This property features: - 17,267\u00b1 SF single-story commercial building on \u00b12.35-acre site.; - Located near major highway access (I-10) and adjacent to Westlake Recreational Center.; - Flexible interior layout suitable for retail, showroom, warehouse-distribution, service, or owner-user operations.
    Request Owner's contact information
    1514 Sampson St Westlake, LA 70669
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1514 Sampson St
    Westlake, LA 70669
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1514 Sampson St Westlake, LA 70669
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kelly Toney
    Real Estate License ID: TEXASAUCTIONEER#11818
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!