Turnkey Office Space
For Sale
$715,000
1830 Hodges Street, Lake Charles, LA 70601
Move-in ready office with flexible layout and ample parking.
Property Size5,328 SF
Price / SF$134.20
Days on Market195
Property Features for 1830 Hodges Street
General Information
Standard status
Active
Size
5,328 SF
Property subtype
Mixed Use
Zoning
Commerc
Building Details
Year Built
1995
Listed By:
Steven Floyd
Source:
Cbcworldwide
Added: Mar 27
Changed: Sep 15
Last Checked: Oct 7 at 8:36AM
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 Steven Floyd
Investment Insights
Based on property information with market context.
This turnkey professional office space, previously used as a law office, includes executive offices, conference rooms, a kitchen, a dining room, and a reception area. The property is suitable for professional businesses seeking a functional and adaptable layout. It features ample parking with 28 spaces, many of which are covered. The space is well-maintained and thoughtfully designed, offering flexibility for business growth while maintaining a professional presence. The property is zoned Mixed Use and located in Flood zone X. The property size is 5,328 square feet. Seller reserves mineral rights. Taxes are $4,892.
Key Highlights
- Turnkey professional office space ready for immediate occupancy.
- Ample parking with 28 spaces, many covered.
- Functional and adaptable layout with executive offices, conference rooms, kitchen, dining room, and reception area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,753
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,060
$935.1K
Cap Rate 7%
$667,900
$667.9K
Cap Rate 9%
$519,478
$519.5K
Market Conditions
NOI Build-Up for 5,328 SF
Gross rent
$79.9K $15.00/SF
− Vacancy
−$17.6K −$3.30/SF
EGI
$62.3K $11.70/SF
− OpEx
−$15.6K −$2.93/SF
NOI
$46.8K $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%
$935,060
Cap Rate 7%
$667,900
Cap Rate 9%
$519,478
Alternative Uses
Best Use
Office B
$667.9K
$584.4K – $779.2K
NOI $46,753 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,392 @ 7.0% cap · market cap 11.24%
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
988
Businesses Nearby
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?
Office units - Move-in ready office with flexible layout and ample parking.
Where is this office units located?
The property is located at 1830 Hodges Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Turnkey professional office space ready for immediate occupancy.; Ample parking with 28 spaces, many covered.; Functional and adaptable layout with executive offices, conference rooms, kitchen, dining room, and reception area.
