Building Details

Year Built 1999

Buildings 1

Tenancy Multi-Tenant

Listing Agency: CBRE

Listed By: Bryce French · License #0995690959 Show Phone

Source: Lacdb.resimplifi

Added: Jul 16, 2025 Changed: Oct 2 Last Checked: Oct 14 at 7:48PM

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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.

Key Highlights

• 14,000‑square‑foot inline retail center
• Built in 1999
• B zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$123,539

Cap Rate

3.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,470,780 $2.5M

Cap Rate 7%

$1,764,843 $1.8M

Cap Rate 9%

$1,372,656 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,000 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $211,239 @ 7.0% cap · market cap 5.92%

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

Property Analytics

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Current Use

Verizon Mobile Phone Store Hometown Sleep Center Medical Clinic uBreakiFix - Phone and Computer ... Tech Support Center

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Spa & Massage Center Big Box & Wholesale Store

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

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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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