Medical Office Suite with ADA
For Sale
$429,500
1716 Oak Park Blvd Boulevard, Lake Charles, LA 70601
Commercial Sale - Lake Charles, LA
Property Size2,550 SF
Lot Size0.22 Acres
Price / SF$168.43
Days on Market52
Property Features for 1716 Oak Park Blvd Boulevard
General Information
Property type
Other
Property subtype
Office
Directions
From I-210 East, take Exit 7 (Enterprise Blvd/Louisiana Ave). Merge onto E College Street, then turn left onto Enterprise Blvd. Continue 0.5 miles and turn right onto Oak Park Blvd.
Standard status
Active
APN
00458139
Lot size
0.22 Acres
Listing Agency:
Coldwell Banker Ingle Safari R · Coldwell Banker Real Estate
(337) 478-1601
Listed By:
STEVE FLOYD · License #995692985
(337) 478-1601
Added: Jul 2
Last Checked: Aug 22 at 9:06AM
MLS# 836
Copyright © 2026 Southwest Louisiana Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated, move-in ready office space is designed to support a professional environment. The suite includes 10 private offices, a large conference room, and a reception area for greeting patients or clients. There are three bathrooms total, including one ADA-compliant restroom. The layout provides multiple enclosed rooms for offices while keeping common and meeting space readily accessible.
The property is located on Oak Park Blvd in Lake Charles, directly across from Memorial Hospital. That proximity supports convenient access for patients and clients and provides strong day-to-day visibility in a healthcare-oriented setting.
The configuration is a practical fit for medical practices or other service-oriented professional uses that require private offices, multiple restrooms, and a dedicated conference room. With the reception area and office count, it can support both client-facing operations and internal workspaces in a single, turnkey suite.
The property is located on Oak Park Blvd in Lake Charles, directly across from Memorial Hospital. That proximity supports convenient access for patients and clients and provides strong day-to-day visibility in a healthcare-oriented setting.
The configuration is a practical fit for medical practices or other service-oriented professional uses that require private offices, multiple restrooms, and a dedicated conference room. With the reception area and office count, it can support both client-facing operations and internal workspaces in a single, turnkey suite.
Key Highlights
- 2550 SF updated, move‑in ready office space across from Memorial Hospital
- Includes 10 private offices
- 3 bathrooms total, including one ADA‑compliant bathroom
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
$33,737
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
7.85%
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%
$674,740
$674.7K
Cap Rate 7%
$481,957
$482.0K
Cap Rate 9%
$374,856
$374.9K
Market Conditions
NOI Build-Up for 2,550 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
$64.3K $25.20/SF
− Vacancy
−$8.0K −$3.15/SF
EGI
$56.2K $22.05/SF
− OpEx
−$22.5K −$8.82/SF
NOI
$33.7K $13.23/SF
Area
Calcasieu County, LA
Vacancy
12.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$674,740
Cap Rate 7%
$481,957
Cap Rate 9%
$374,856
Alternative Uses
Best Use
Healthcare Medical
$482.0K
$421.7K – $562.3K
NOI $33,737 @ 7.0% cap · market cap 7.85%
Second Best
Office B
$319.7K
$279.7K – $372.9K
NOI $22,376 @ 7.0% cap · market cap 5.21%
Theoretical Best
Specialty Retail
$549.7K
$481.0K – $641.3K
NOI $38,476 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Office units
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated office space with 10 private offices and an ADA-compliant bathroom, positioned directly across from Memorial Hospital.
Where is this medical office space located?
The property is located at 1716 Oak Park Blvd Boulevard Lake Charles, LA.
What is the asking price?
The asking price for this property is $429,500.
What are key features of this property?
This property features: 2550 SF updated, move‑in ready office space across from Memorial Hospital; Includes 10 private offices; 3 bathrooms total, including one ADA‑compliant bathroom
