Building Details

Buildings 1

Tenancy Single

Owner Occupied No

Listing Agency: The Real Estate Brokerage

Listed By: Justin Babineaux CCIM · License #995682326 Show Phone

Source: Lacdb.resimplifi

Added: Jul 24, 2024 Changed: Oct 3 Last Checked: Oct 16 at 5:44AM

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Investment Insights

Based on property information with market context.

Located at 227 Lewis St in Sulphur, LA, this 7,164-square-foot flex building combines renovated office space with a substantial warehouse component. The lower level includes five offices and a kitchenette, while two additional offices are positioned upstairs. A separate air-conditioned bathroom serves the warehouse area.

The warehouse is equipped with three 14' x 20' heavy-duty roll-up doors and includes framing for an overhead crane. Outside, the property offers a completely fenced yard with electric gates and lighting. The building is currently occupied by a tenant and should be shown by appointment without disturbing operations.

Key Highlights

• 7,164‑square‑foot flex building at 227 Lewis St, Sulphur, LA 70663
• Three 14' x 20' heavy‑duty industrial roll‑up doors
• Renovated office area with five downstairs offices, kitchenette, and two upstairs offices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,802

Cap Rate

7.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,076,040 $1.1M

Cap Rate 7%

$768,600 $768.6K

Cap Rate 9%

$597,800 $597.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,164 SF

Gross rent

$67.9K $9.48/SF

− Vacancy

−$4.6K −$0.64/SF

EGI

$63.3K $8.84/SF

− OpEx

−$9.5K −$1.33/SF

NOI

$53.8K $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 Rate 5%

$1,076,040

Cap Rate 7%

$768,600

Cap Rate 9%

$597,800

Alternative Uses

Best Use

Flex RnD

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,677 @ 7.0% cap · market cap 14.47%

Second Best

Office B

$898.1K

$785.8K – $1.05M (±1% cap)

NOI $62,864 @ 7.0% cap · market cap 9.31%

Theoretical Best

Specialty Retail

$1.54M

$1.35M – $1.80M (±1% cap)

NOI $108,094 @ 7.0% cap · market cap 16.01%

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

Property Analytics

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Current Use

Tri Parish Services ... HVAC Service

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Storage Facility Dental Office

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

Single-tenant

Tenancy

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

584

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Renovated offices, warehouse capacity, controlled access, and a lighted enclosed yard support a range of business operations.

Where is this flex space located?

The property is located at 227 Lewis St Sulphur, LA.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 7,164‑square‑foot flex building at 227 Lewis St, Sulphur, LA 70663; Three 14' x 20' heavy‑duty industrial roll‑up doors; Renovated office area with five downstairs offices, kitchenette, and two upstairs offices