Event Venue with Office
For Sale
$1,500,000
Pending
3450 5th Ave, Lake Charles, LA 70607
Commercial campus combines a working event operation with divisible office and warehouse accommodations.
Property Size17,000 SF
Lot Size2.60 Acres
Days on Market292
Property Features for 3450 5th Ave
General Information
Standard status
Pending
Size
17,000 SF
Total Parking Spaces
165
Lot size
2.60 Acres
Property subtype
Hospitality
Zoning
MU
Additional Details
Utilities to Site
Yes
Office Units
4
Amenities
commercial kitchen
storage/pantry
laundry area
executive offices
clerical offices
four separate units with plumbing connections
165 Parking Spaces
Building Details
Buildings
2
Listing Agency:
Redd Properties
(337) 310-0605
Listed By:
Matt Redd · License #BROK.0000015258.A-ASA
(337) 310-0605
Source:
Lacdb.resimplifi
Added: Nov 11, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:27PM
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 Redd Properties
Investment Insights
Based on property information with market context.
This 2.6-acre commercial property includes a 12,500 SF event facility and a separate 4,500 SF office and warehouse building. The primary structure contains a dining and gathering hall, commercial kitchen, storage and pantry areas, laundry facilities, executive and clerical offices, and men’s and women’s restrooms. It is currently used as an event venue.
The secondary building is configured for division into four units, with individual plumbing connections for each space. One unit currently serves as an office and florist shop/warehouse. Site improvements include parking for up to 165 vehicles, including 5 handicap-accessible spaces, along with 3-phase, 400-amp electrical service. Six HVAC units serve the property, with five in operation. The property is located at 3450 5th Ave in Lake Charles, Louisiana, and carries MU zoning.
The secondary building is configured for division into four units, with individual plumbing connections for each space. One unit currently serves as an office and florist shop/warehouse. Site improvements include parking for up to 165 vehicles, including 5 handicap-accessible spaces, along with 3-phase, 400-amp electrical service. Six HVAC units serve the property, with five in operation. The property is located at 3450 5th Ave in Lake Charles, Louisiana, and carries MU zoning.
Key Highlights
- 12,500 SF event facility with dining hall, commercial kitchen, offices, storage, and restrooms
- Additional 4,500 SF office and warehouse building divisible into four units
- 2.6 acres with parking for up to 165 vehicles, including 5 handicap‑accessible 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
$127,671
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
8.51%
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%
$2,553,420
$2.6M
Cap Rate 7%
$1,823,871
$1.8M
Cap Rate 9%
$1,418,567
$1.4M
Market Conditions
NOI Build-Up for 17,000 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
$161.2K $9.48/SF
− Vacancy
−$11.0K −$0.64/SF
EGI
$150.2K $8.84/SF
− OpEx
−$22.5K −$1.33/SF
NOI
$127.7K $7.51/SF
Area
Calcasieu County, LA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$2,553,420
Cap Rate 7%
$1,823,871
Cap Rate 9%
$1,418,567
Alternative Uses
Best Use
Mixed Use
$2.13M
$1.86M – $2.49M
NOI $149,175 @ 7.0% cap · market cap 9.95%
Second Best
Office B
$2.13M
$1.86M – $2.49M
NOI $149,175 @ 7.0% cap · market cap 9.95%
Theoretical Best
Specialty Retail
$3.66M
$3.21M – $4.28M
NOI $256,505 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Commercial campus combines a working event operation with divisible office and warehouse accommodations.
Where is this wedding venue located?
The property is located at 3450 5th Ave Lake Charles, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 12,500 SF event facility with dining hall, commercial kitchen, offices, storage, and restrooms; Additional 4,500 SF office and warehouse building divisible into four units; 2.6 acres with parking for up to 165 vehicles, including 5 handicap‑accessible spaces
