Inline Retail
For Sale
$3,565,346
2645 Derek Dr, Lake Charles, LA 70607
B-zoned retail center with multiple access points along Derek Drive.
Property Size14,000 SF
Price / SF$254.67
Days on Market412
Property Features for 2645 Derek Dr
General Information
Standard status
Active
Size
14,000 SF
Property subtype
Retail
Zoning
B
Additional Details
Road Access
Yes
Amenities
Power
Water
Sewer
Building Details
Year Built
1999
Buildings
1
Tenancy
Multi-Tenant
Listing Agency:
CBRE
(504) 427-2090
Listed By:
Bryce French · License #0995690959
(504) 427-2090
Source:
Lacdb.resimplifi
Added: Jul 16, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:49PM
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 CBRE
Investment Insights
Based on property information with market context.
Derek Plaza is an inline retail center containing 14,000 square feet of retail space. Built in 1999, the property is zoned B and consists of one contiguous center rather than multiple detached buildings.
Access is provided through two primary ingress and egress points on Derek Drive. A third, secondary connection is available through an easement across the Walmart parking lot. The property is located at 2645 Derek Drive in Lake Charles, Louisiana.
Access is provided through two primary ingress and egress points on Derek Drive. A third, secondary connection is available through an easement across the Walmart parking lot. The property is located at 2645 Derek Drive in Lake Charles, Louisiana.
Key Highlights
- 14,000‑square‑foot inline retail center
- Built in 1999
- B zoning
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
$123,539
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
3.46%
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%
$2,470,780
$2.5M
Cap Rate 7%
$1,764,843
$1.8M
Cap Rate 9%
$1,372,656
$1.4M
Market Conditions
NOI Build-Up for 14,000 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
$184.8K $13.20/SF
− Vacancy
−$8.3K −$0.59/SF
EGI
$176.5K $12.61/SF
− OpEx
−$52.9K −$3.78/SF
NOI
$123.5K $8.82/SF
Area
Calcasieu County, LA
Vacancy
4.50%
Lease Rate
$13.20 /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%
$2,470,780
Cap Rate 7%
$1,764,843
Cap Rate 9%
$1,372,656
Alternative Uses
Best Use
Retail
$1.76M
$1.54M – $2.06M
NOI $123,539 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.02M
$2.64M – $3.52M
NOI $211,239 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
600k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 22%
Apparel 18%
Superstores 18%
Dining 17%
Walmart
Superstores
91,285 visits/mo
0.1 miles
Academy Sports + Outdoors
Apparel
65,102 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
43,217 visits/mo
0.3 miles
Cinemark Movie Bistro Lake Charles
Leisure
39,000 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
27,168 visits/mo
0.4 miles
Demographics for 70607, LA
30,339
Population
13,692
Households
2.2
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
263
Density / Sq Mi
$58,427
Median Household Income
$35,815
Median Earnings
$1,053
Median Rent
$171,700
Median Home Value
Market
Vacancy Rate% for Retail 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?
Strip mall - B-zoned retail center with multiple access points along Derek Drive.
Where is this strip mall located?
The property is located at 2645 Derek Dr Lake Charles, LA.
What is the asking price?
The asking price for this property is $3,565,346.
What are key features of this property?
This property features: 14,000‑square‑foot inline retail center; Built in 1999; B zoning
