Building Details

Tenancy Multi

Listing Agency: Century 21 Bono

Listed By: Tony Cornner · License #912122358 Show Phone

Source: Lacdb.resimplifi

Added: Oct 21, 2024 Changed: Oct 3 Last Checked: Oct 14 at 7:43PM

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Investment Insights

Based on property information with market context.

This commercial office building contains 16 offices that are fully rented to long-term tenants. Interior features include a lobby, reception area, large conference room, and kitchen, creating a functional environment for multiple office users. The property also includes a concrete parking lot with 32 spaces and landscaped grounds.

Located at 3105 Lake St in Lake Charles, Louisiana, the property carries Commercial zoning. Its office configuration, shared interior amenities, and on-site parking support continued use as a multi-office commercial property.

Key Highlights

• 16 offices are fully rented to long‑term tenants
• Lobby, reception area, large conference room, and kitchen
• Concrete parking lot with 32 spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,524

Cap Rate

5.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$870,480 $870.5K

Cap Rate 7%

$621,771 $621.8K

Cap Rate 9%

$483,600 $483.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,960 SF

Gross rent

$74.4K $15.00/SF

− Vacancy

−$16.4K −$3.30/SF

EGI

$58.0K $11.70/SF

− OpEx

−$14.5K −$2.93/SF

NOI

$43.5K $8.78/SF

Area

Calcasieu County, LA

Vacancy

22.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$870,480

Cap Rate 7%

$621,771

Cap Rate 9%

$483,600

Alternative Uses

Best Use

Office B

$621.8K

$544.1K – $725.4K (±1% cap)

NOI $43,524 @ 7.0% cap · market cap 5.96%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.07M

$935.5K – $1.25M (±1% cap)

NOI $74,839 @ 7.0% cap · market cap 10.25%

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

Property Analytics

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Current Use

New York Life ... Insurance Agency New York Life: ... Insurance Agency Deep South Restoration Hardware & Home Improvement Bespoke Drafting, LLC Renovation Specialist Cajun Fab Construction Construction Company

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Storage Facility Carpet & Flooring Store Cafe & Coffee Shop Locksmith

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

16

Office units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

752

Businesses Nearby

Explore this area Business Placement

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 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?

Office building - Fully leased office property with reception, conference, kitchen, and on-site parking.

Where is this office building located?

The property is located at 3105 Lake St Lake Charles, LA.

What is the asking price?

The asking price for this property is $730,000.

What are key features of this property?

This property features: 16 offices are fully rented to long‑term tenants; Lobby, reception area, large conference room, and kitchen; Concrete parking lot with 32 spaces