Medical Office Building with Seven
For Sale
$635,000
237 Sam Houston Jones Pkwy, Lake Charles, LA 70611
Clinic-oriented layout with reception space, support areas, multiple private rooms, and on-site parking.
Property Size2,150 SF
Price / SF$295.35
Days on Market24
Property Features for 237 Sam Houston Jones Pkwy
General Information
Standard status
Active
Size
2,150 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1978
Buildings
2
Tenancy
Single
Listing Agency:
Bricks & Mortar- Real Estate
(337) 302-2111
Listed By:
Sophia Rasile · License #72357
Source:
Athomerealtyla
Added: Aug 8
Changed: Aug 29
Last Checked: Aug 30 at 8:10PM
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 Bricks & Mortar- Real Estate
Investment Insights
Based on property information with market context.
This 2,150-square-foot medical office building was constructed in 1978 and is currently operating as a medical clinic. The interior includes a large lobby and reception area, a kitchen and break area, three bathrooms, and seven separate rooms used as exam rooms and offices. A detached storage building is located at the rear of the parking lot.
The property sits on Sam Houston Jones Parkway near the Highway 171 intersection in the Moss Bluff area. The site includes on-site parking and is identified as Flood Zone X. The existing configuration supports medical office use, with the source also identifying potential applications including restaurant, retail, office, and day care operations.
The property sits on Sam Houston Jones Parkway near the Highway 171 intersection in the Moss Bluff area. The site includes on-site parking and is identified as Flood Zone X. The existing configuration supports medical office use, with the source also identifying potential applications including restaurant, retail, office, and day care operations.
Key Highlights
- 2,150 SF medical office building constructed in 1978
- Seven separate rooms currently configured as exam rooms and offices
- Large lobby and reception area with kitchen and break area
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
$28,445
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
4.48%
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%
$568,900
$568.9K
Cap Rate 7%
$406,357
$406.4K
Cap Rate 9%
$316,056
$316.1K
Market Conditions
NOI Build-Up for 2,150 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
$54.2K $25.20/SF
− Vacancy
−$6.8K −$3.15/SF
EGI
$47.4K $22.05/SF
− OpEx
−$19.0K −$8.82/SF
NOI
$28.4K $13.23/SF
Area
Calcasieu County, LA
Vacancy
12.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$568,900
Cap Rate 7%
$406,357
Cap Rate 9%
$316,056
Alternative Uses
Best Use
Healthcare Medical
$406.4K
$355.6K – $474.1K
NOI $28,445 @ 7.0% cap · market cap 4.48%
Second Best
Office B
$269.5K
$235.8K – $314.4K
NOI $18,866 @ 7.0% cap · market cap 2.97%
Theoretical Best
Specialty Retail
$463.4K
$405.5K – $540.7K
NOI $32,440 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70611, LA
22,457
Population
8,971
Households
2.5
Avg Household Size
37
Median Age
30%
College-Educated
91%
High-School Grad
81.7 sq mi
ZIP Area
275
Density / Sq Mi
$101,146
Median Household Income
$56,450
Median Earnings
$1,241
Median Rent
$249,400
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?
Medical Office Space - Clinic-oriented layout with reception space, support areas, multiple private rooms, and on-site parking.
Where is this medical office space located?
The property is located at 237 Sam Houston Jones Pkwy Lake Charles, LA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 2,150 SF medical office building constructed in 1978; Seven separate rooms currently configured as exam rooms and offices; Large lobby and reception area with kitchen and break area
