Medical Office Space with Conference
1716 Oak Park Blvd, Lake Charles, LA 70601
For Sale
$399,000
Commercial Sale, Lake Charles, LA
Property Size2,550 SF
Lot Size0.22 Acres
Price / SF$156.47
Days on Market441
Property Features for 1716 Oak Park Blvd
General Information
Property type
Property subtype
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Condition
Utilities
Heating system
Cooling system
Water source
Amenities
10 private offices
3 bathrooms
large conference room
welcoming reception area
Building Details
Building materials
Roof type
Listing Agency:
Coldwell Banker Ingle Safari R · Coldwell Banker Real Estate
(337) 478-1601
Listed By:
Scott Werner · License LA #995708825
(337) 660-3222
Added: Aug 28, 2025
Changed: Nov 10
Last Checked: Nov 11 at 2:06AM
MLS# SWL25100836
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.
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Investment Insights
Based on property information with market context.
This updated 2,550-square-foot medical office space has ten private offices, three bathrooms—including one ADA-compliant restroom—a conference room and a reception area. The layout brings private work areas and shared meeting and reception space together within one office property.
The property at 1716 Oak Park Blvd in Lake Charles is directly across from Memorial Hospital. Building materials include brick veneer, drywall walls and wood siding. Heating is central electric, and cooling is provided by central air and multiple units.
The property at 1716 Oak Park Blvd in Lake Charles is directly across from Memorial Hospital. Building materials include brick veneer, drywall walls and wood siding. Heating is central electric, and cooling is provided by central air and multiple units.
Key Highlights
- 2,550 square feet of updated office space
- 10 private offices
- 3 bathrooms, including 1 ADA‑compliant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,737
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
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
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 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 8.46%
Second Best
Office B
$319.7K
$279.7K – $372.9K
NOI $22,376 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$549.7K
$481.0K – $641.3K
NOI $38,476 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
Balanced
Demand for This Use
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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
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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 - The layout combines private offices, reception space, a conference room and an ADA-compliant restroom.
Where is this medical office space located?
The property is located at 1716 Oak Park Blvd Lake Charles, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,550 square feet of updated office space; 10 private offices; 3 bathrooms, including 1 ADA‑compliant
