Retail Investment with I-210 Exit
For Sale
$2,515,755
3202 Gerstner Memorial Dr, Lake Charles, LA 70601
Retail property with visibility and direct access from the I-210 exit on Gerstner Memorial Drive.
Property Size19,629 SF
Days on Market48
Property Features for 3202 Gerstner Memorial Dr
General Information
Standard status
Active
Size
19,629 SF
Property subtype
Retail
Additional Details
Cap Rate
8%
Highway Access
Yes
Building Details
Building Size
19,629 SF
Year Built
1951
Listing Agency:
Elifin Realty Baton Rouge
(225) 753-3573
Listed By:
Will Chadwick · License #0995699471
Source:
Gojre
Added: Jun 25
Changed: Aug 10
Last Checked: Aug 11 at 5:53AM
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 Elifin Realty Baton Rouge
Investment Insights
Based on property information with market context.
This retail investment opportunity is offered for sale as a retail property in the shopping center category, positioned on Gerstner Memorial Drive in Lake Charles, Louisiana. The offering is structured for buyers or operators looking to own retail real estate with on-site presence along a key roadway.
Visibility and access are notable features of the location, with the property benefiting from visibility and entry tied to the I-210 exit. For retail tenants and investors, this type of access can support convenient drive-up approachability for customers traveling by car, while maintaining prominent presence from the connecting exit.
For prospective tenants, this property’s retail orientation and highway-exit visibility are practical considerations for businesses that rely on customer traffic and straightforward navigation to the site. For buyers, the asset presents an opportunity to acquire a retail investment positioned to take advantage of curb-adjacent access from the I-210 exit corridor. Interested parties should confirm any unit configuration and lease terms directly as part of their due diligence.
Visibility and access are notable features of the location, with the property benefiting from visibility and entry tied to the I-210 exit. For retail tenants and investors, this type of access can support convenient drive-up approachability for customers traveling by car, while maintaining prominent presence from the connecting exit.
For prospective tenants, this property’s retail orientation and highway-exit visibility are practical considerations for businesses that rely on customer traffic and straightforward navigation to the site. For buyers, the asset presents an opportunity to acquire a retail investment positioned to take advantage of curb-adjacent access from the I-210 exit corridor. Interested parties should confirm any unit configuration and lease terms directly as part of their due diligence.
Key Highlights
- Retail property on Gerstner Memorial Drive in Lake Charles
- Visible and offers direct access from the I‑210 exit
- Built in 1951
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
$173,210
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
6.89%
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%
$3,464,200
$3.5M
Cap Rate 7%
$2,474,429
$2.5M
Cap Rate 9%
$1,924,556
$1.9M
Market Conditions
NOI Build-Up for 19,629 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
$259.1K $13.20/SF
− Vacancy
−$11.7K −$0.59/SF
EGI
$247.4K $12.61/SF
− OpEx
−$74.2K −$3.78/SF
NOI
$173.2K $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%
$3,464,200
Cap Rate 7%
$2,474,429
Cap Rate 9%
$1,924,556
Alternative Uses
Best Use
Retail
$2.47M
$2.17M – $2.89M
NOI $173,210 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.23M
$3.70M – $4.94M
NOI $296,172 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 42%
Electronics 1%
McDonald's
Dining
29,056 visits/mo
0.3 miles
Checkers
Dining
9,455 visits/mo
0.3 miles
Dollar General
Shops & Services
7,697 visits/mo
0.3 miles
Exxon
Shops & Services
6,653 visits/mo
0.2 miles
Shell
Shops & Services
3,968 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?
Shopping center - Retail property with visibility and direct access from the I-210 exit on Gerstner Memorial Drive.
Where is this shopping center located?
The property is located at 3202 Gerstner Memorial Dr Lake Charles, LA.
What is the asking price?
The asking price for this property is $2,515,755.
What are key features of this property?
This property features: Retail property on Gerstner Memorial Drive in Lake Charles; Visible and offers direct access from the I‑210 exit; Built in 1951
