Open-Span Corner
For Sale
Contact for pricing
2030 Broad St, Lake Charles, LA 70601
Corner warehouse with open-span space and business zoning in place, offered for sale in Lake Charles.
Property Size10,000 SF
Lot Size0.90 Acres
Price / SF$110
Days on Market161
Property Features for 2030 Broad St
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.90 Acres
Property subtype
Industrial
Listing Agency:
Redd Properties LLC
Listed By:
Matt Redd · License #LA BROK.0000015258.A-ASA
(337) 310-7333
Source:
Crexi
Added: Apr 1
Changed: Sep 4
Last Checked: Sep 7 at 1:24PM
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 Redd Properties LLC
Investment Insights
Based on property information with market context.
This corner warehouse offers approximately 11,000 SF of wide-open, open-span warehouse space designed to support a range of commercial operations. The property is positioned on approximately 0.9 acres and includes parking and yard space for practical day-to-day use.
Located at 2030 Broad St in Lake Charles, the site is described as highly visible and accessible, with easy access to major thoroughfares and surrounding commercial corridors. The property sits within the City of Lake Charles with business zoning in place.
Offered for sale, the layout lends itself to distribution, light industrial, retail conversion, or service-based uses, depending on the end user’s requirements.
Located at 2030 Broad St in Lake Charles, the site is described as highly visible and accessible, with easy access to major thoroughfares and surrounding commercial corridors. The property sits within the City of Lake Charles with business zoning in place.
Offered for sale, the layout lends itself to distribution, light industrial, retail conversion, or service-based uses, depending on the end user’s requirements.
Key Highlights
- Approximately 10,000 SF open‑span warehouse with wide‑open space for flexible commercial uses
- Located on an approximately 0.9‑acre corner lot with ample parking and yard space
- Business zoning in place in the City of Lake Charles
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
$75,101
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
6.83%
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%
$1,502,020
$1.5M
Cap Rate 7%
$1,072,871
$1.1M
Cap Rate 9%
$834,456
$834.5K
Market Conditions
NOI Build-Up for 10,000 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
$94.8K $9.48/SF
− Vacancy
−$6.4K −$0.64/SF
EGI
$88.4K $8.84/SF
− OpEx
−$13.3K −$1.33/SF
NOI
$75.1K $7.51/SF
Area
Calcasieu County, LA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$1,502,020
Cap Rate 7%
$1,072,871
Cap Rate 9%
$834,456
Alternative Uses
Best Use
Warehouse
$1.07M
$938.8K – $1.25M
NOI $75,101 @ 7.0% cap · market cap 6.83%
Second Best
Industrial
$883.5K
$773.1K – $1.03M
NOI $61,848 @ 7.0% cap · market cap 5.62%
Theoretical Best
Specialty Retail
$2.16M
$1.89M – $2.51M
NOI $150,885 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Under-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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Self-Storage at U-Haul — 1011 LA-14, Lake Charles, LA 70601
Frequently Asked Questions
What type of property is this?
Warehouse - Corner warehouse with open-span space and business zoning in place, offered for sale in Lake Charles.
Where is this warehouse located?
The property is located at 2030 Broad St Lake Charles, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 10,000 SF open‑span warehouse with wide‑open space for flexible commercial uses; Located on an approximately 0.9‑acre corner lot with ample parking and yard space; Business zoning in place in the City of Lake Charles
