Central Lake Charles Commercial
For Sale
Contact for pricing
2814 Tupelo Street, Lake Charles, LA 70601
Versatile commercial property with income potential in Central Lake Charles.
Property Size2,245 SF
Price / SF$178.13
Days on Market169
Property Features for 2814 Tupelo Street
General Information
Standard status
Active
Size
2,245 SF
Total Parking Spaces
20
Property subtype
Business for Sale
Building Details
Year Built
1970
Listing Agency:
RE/MAX One
(337) 526-9224
Listed By:
Robert Denison · License #45259
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 11 at 2:58PM
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 RE/MAX One
Investment Insights
Based on property information with market context.
Located in Central Lake Charles, this commercial property is currently operating as a hair salon, generating $5,040 in monthly rental income. The building, with a size of 2,245 square feet, features four large open rooms and four additional smaller rooms, allowing for reconfiguration to suit various business uses such as a salon, boutique, office, studio, or other multi-use commercial concepts. The layout can also accommodate two separate businesses. All salon fixtures remain with the property. The current stylists have expressed interest in staying with the new owner. An adjacent lot used for client parking, accommodating approximately 20 vehicles, is included in the sale. The property offers visibility and easy access to surrounding businesses and amenities.
Key Highlights
- Turnkey income‑producing property generating $5,040 monthly rental income.
- Adjacent lot included, providing parking for approximately 20 vehicles.
- Flexible layout with four large open rooms and four smaller rooms, suitable for various business uses or dividing into two separate spaces.
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
$19,810
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
4.95%
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%
$396,200
$396.2K
Cap Rate 7%
$283,000
$283.0K
Cap Rate 9%
$220,111
$220.1K
Market Conditions
NOI Build-Up for 2,245 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
$29.6K $13.20/SF
− Vacancy
−$1.3K −$0.59/SF
EGI
$28.3K $12.61/SF
− OpEx
−$8.5K −$3.78/SF
NOI
$19.8K $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%
$396,200
Cap Rate 7%
$283,000
Cap Rate 9%
$220,111
Alternative Uses
Best Use
Retail
$283.0K
$247.6K – $330.2K
NOI $19,810 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$483.9K
$423.4K – $564.6K
NOI $33,874 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
172k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 37%
Groceries 13%
Office Supplies 4%
McDonald's
Dining
31,650 visits/mo
0.4 miles
Market Basket Foods
Groceries
22,498 visits/mo
0.4 miles
Books-A-Million
Shops & Services
21,151 visits/mo
0.4 miles
Dollar Tree
Shops & Services
16,725 visits/mo
0.4 miles
Taco Bell
Dining
12,165 visits/mo
0.5 miles
Demographics for 70601, LA
34,571
Population
16,811
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
16.1 sq mi
ZIP Area
2,147
Density / Sq Mi
$49,545
Median Household Income
$34,044
Median Earnings
$938
Median Rent
$164,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Versatile commercial property with income potential in Central Lake Charles.
Where is this retail space located?
The property is located at 2814 Tupelo Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Turnkey income‑producing property generating $5,040 monthly rental income.; Adjacent lot included, providing parking for approximately 20 vehicles.; Flexible layout with four large open rooms and four smaller rooms, suitable for various business uses or dividing into two separate spaces.
