Building Details

Buildings 1

Building Size 9,200 SF

Listing Agency: The Real Estate Brokerage

Listed By: Justin Babineaux · License #995682326 Show Phone

Source: Athomerealtyla

Added: Jul 10 Changed: Oct 2 Last Checked: Oct 7 at 1:19PM

Report an Issue

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 The Real Estate Brokerage

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This vacant flex property includes 9,200 square feet of enclosed space configured for a combination of retail activity and storage. A mezzanine, reached by a steel staircase, adds elevated storage area within the building. Air conditioning serves the entire interior, and the property was previously occupied by O'Reilly's.

The building sits along a busy commercial strip and includes a concrete parking lot illuminated by LED lighting. B zoning is in place, providing the applicable land-use designation for the property.

Key Highlights

• 9,200‑square‑foot vacant flex building
• Mezzanine accessed by a steel staircase
• Entire building is air conditioned

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,900

Cap Rate

9.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,138,000 $1.1M

Cap Rate 7%

$812,857 $812.9K

Cap Rate 9%

$632,222 $632.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,200 SF

Gross rent

$87.2K $9.48/SF

− Vacancy

−$5.9K −$0.64/SF

EGI

$81.3K $8.84/SF

− OpEx

−$24.4K −$2.65/SF

NOI

$56.9K $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 Rate 5%

$1,138,000

Cap Rate 7%

$812,857

Cap Rate 9%

$632,222

Alternative Uses

Best Use

Flex RnD

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,436 @ 7.0% cap · market cap 20.07%

Second Best

Retail

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $81,183 @ 7.0% cap · market cap 12.99%

Theoretical Best

Specialty Retail

$1.98M

$1.74M – $2.31M (±1% cap)

NOI $138,814 @ 7.0% cap · market cap 22.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

O'Reilly Auto Parts Auto Parts Store

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Law Firm Furniture & Home Goods Garden Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

357

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 70663, LA

29,325

Population

12,767

Households

2.3

Avg Household Size

38

Median Age

17%

College-Educated

88%

High-School Grad

97.8 sq mi

ZIP Area

300

Density / Sq Mi

$59,444

Median Household Income

$37,587

Median Earnings

$914

Median Rent

$174,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Flex Building with Fenced Yard

227 Lewis St, Sulphur, LA 70663

$675,000

7,164 SF

View details

Flex Space with Roll-Up Doors

320 E Napoleon St, Sulphur, LA 70663

$645,000

14,000 SF

View details

Commercial Shop & Office with Storage

2117 Estelle Dr, Sulphur, LA 70665

$320,000

10,472 SF

View details

Flex Space with Loading Doors

158 Burleson Rd, Sulphur, LA 70665

$385,000

4,389 SF

View details

Flex Warehouse and Office Property

716 E Napoleon St, Sulphur, LA 70663

$870,000

27,658 SF

View details

Updated Apartment Building

2304 Fasske St, Sulphur, LA 70663

$550,000

7,600 SF

View details

Renovated 12-Unit Apartment Buildings

15 Center Avenue, Sulphur, LA 70663

$1,250,000

10,503 SF

View details

Restaurant and Classroom Facility

432 Michigan Ave, Sulphur, LA 70663

$499,000

6,500 SF

View details

16-Unit Hotel with Extended-Stay Model

356 Invader St, Sulphur, LA 70663

$2,190,000

11,562 SF

View details

Mixed-Use Property with Storage Units

2923 S Post Oak, Sulphur, LA 70665

$189,999

6,300 SF

View details

Three Duplex Income Property

1304 Lewis Street, Sulphur, LA 70663

$599,000

2,651 SF

View details

Leased Manufactured Home Park

2218 Carolyn St, Sulphur, LA 70665

$299,000

5,120 SF

View details

Similar Off Market Nearby

• Kiss The Cook Catering Service — 2008 Marge Ln, Sulphur, LA 70663

Frequently Asked Questions

What type of property is this?

Flex space - Vacant, air-conditioned commercial building with mezzanine storage and a lighted concrete parking area.

Where is this flex space located?

The property is located at 2118 E Napoleon St E Sulphur, LA.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 9,200‑square‑foot vacant flex building; Mezzanine accessed by a steel staircase; Entire building is air conditioned