Flex Building with Warehouse
For Sale
$299,000
1925 Gerstner Memorial Dr, Lake Charles, LA 70601
Commercial space combines office functions with a large insulated warehouse.
Property Size3,712 SF
Price / SF$80.55
Days on Market109
Property Features for 1925 Gerstner Memorial Dr
General Information
Standard status
Active
Size
3,712 SF
Property subtype
Other
Zoning
B
Additional Details
Highway Access
Yes
Office Build-Out
730 SF
Building Details
Year Built
1984
Buildings
1
Building Size
3,712 SF
Listing Agency:
CENTURY 21 Bessette Flavin
(337) 794-5446
Listed By:
Thomas Eastman · License #43345
(337) 794-5446
Source:
Lacdb.resimplifi
Added: May 15
Changed: Aug 31
Last Checked: Aug 31 at 2:34AM
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 CENTURY 21 Bessette Flavin
Investment Insights
Based on property information with market context.
This 3,712 sqft flex property combines 730 sqft of air-conditioned office space with a substantial warehouse area. The interior includes a storefront and lobby, multiple offices, a full bathroom, kitchen space, and warehouse storage. Four roll-up doors, each 12ft high, accommodate large equipment, while the warehouse is well insulated.
Built in 1984, the building sits on a corner lot at 1925 Gerstner Memorial Dr in Lake Charles. The property offers access to the interstate and carries B zoning. Flood Zone X classification is also noted for the site.
Built in 1984, the building sits on a corner lot at 1925 Gerstner Memorial Dr in Lake Charles. The property offers access to the interstate and carries B zoning. Flood Zone X classification is also noted for the site.
Key Highlights
- 3,712 sqft flex building with office and warehouse areas
- 730 sqft of air‑conditioned office space
- Four 12ft‑high roll‑up doors for large equipment
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
$22,958
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
7.68%
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%
$459,160
$459.2K
Cap Rate 7%
$327,971
$328.0K
Cap Rate 9%
$255,089
$255.1K
Market Conditions
NOI Build-Up for 3,712 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
$35.2K $9.48/SF
− Vacancy
−$2.4K −$0.64/SF
EGI
$32.8K $8.84/SF
− OpEx
−$9.8K −$2.65/SF
NOI
$23.0K $6.18/SF
Area
Calcasieu County, LA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$459,160
Cap Rate 7%
$327,971
Cap Rate 9%
$255,089
Alternative Uses
Best Use
Flex RnD
$723.0K
$632.6K – $843.5K
NOI $50,611 @ 7.0% cap · market cap 16.93%
Second Best
Office B
$465.3K
$407.2K – $542.9K
NOI $32,573 @ 7.0% cap · market cap 10.89%
Theoretical Best
Specialty Retail
$800.1K
$700.1K – $933.5K
NOI $56,009 @ 7.0% cap · market cap 18.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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?
Flex space - Commercial space combines office functions with a large insulated warehouse.
Where is this flex space located?
The property is located at 1925 Gerstner Memorial Dr Lake Charles, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 3,712 sqft flex building with office and warehouse areas; 730 sqft of air‑conditioned office space; Four 12ft‑high roll‑up doors for large equipment
