Flex Space With
For Sale
$275,000
3221 Common St, Lake Charles, LA 70601
Commercial building combining private offices with adaptable warehouse space and a roll-up door.
Property Size3,600 SF
Price / SF$76.39
Days on Market98
Property Features for 3221 Common St
General Information
Standard status
Active
Size
3,600 SF
Listing Agency:
The Real Estate Brokerage
Listed By:
Justin Babineaux · License #995682326
(337) 540-4041
Source:
Athomerealtyla
Added: Jul 10
Changed: Oct 2
Last Checked: Oct 7 at 4:59PM
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 The Real Estate Brokerage
Investment Insights
Based on property information with market context.
This 3,600-square-foot flex property combines four offices with a substantial warehouse area, providing a practical mix of administrative and operational space. A roll-up door supports movement between the warehouse and exterior, while the building’s brick exterior, slab foundation, and new metal roof add durable physical improvements. The property is zoned B.
Located at 3221 Common St. in Lake Charles, the building sits just off Prien Lake Road. Its configuration supports businesses needing both enclosed work areas and dedicated storage or operating space within one facility.
Located at 3221 Common St. in Lake Charles, the building sits just off Prien Lake Road. Its configuration supports businesses needing both enclosed work areas and dedicated storage or operating space within one facility.
Key Highlights
- 3,600‑square‑foot flex property with office and warehouse areas
- Four offices provide dedicated administrative or work areas
- Warehouse includes a roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,265
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,300
$445.3K
Cap Rate 7%
$318,071
$318.1K
Cap Rate 9%
$247,389
$247.4K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$34.1K $9.48/SF
− Vacancy
−$2.3K −$0.64/SF
EGI
$31.8K $8.84/SF
− OpEx
−$9.5K −$2.65/SF
NOI
$22.3K $6.18/SF
Area
Calcasieu County, LA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,300
Cap Rate 7%
$318,071
Cap Rate 9%
$247,389
Alternative Uses
Best Use
Flex RnD
$701.2K
$613.6K – $818.1K
NOI $49,084 @ 7.0% cap · market cap 17.85%
Second Best
Office B
$451.3K
$394.9K – $526.5K
NOI $31,590 @ 7.0% cap · market cap 11.49%
Theoretical Best
Specialty Retail
$776.0K
$679.0K – $905.3K
NOI $54,319 @ 7.0% cap · market cap 19.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial building combining private offices with adaptable warehouse space and a roll-up door.
Where is this flex space located?
The property is located at 3221 Common St Lake Charles, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 3,600‑square‑foot flex property with office and warehouse areas; Four offices provide dedicated administrative or work areas; Warehouse includes a roll‑up door
