3505 5th Avenue, Lake Charles, LA 70607
Commercial Sale - Lake Charles, LA
- Added:
- Jul 2, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 7 at 2:06 am
Property Features for 3505 5th Avenue
General Information
- Property type
- Other
- Property subtype
- Office
- Standard status
- Active
- APN
- 01190504
- Lot size
- 1.45 Acres
Building Details
- Year built
- 1983
- Floors in Building
- 1
Listing agent STEVE FLOYD License #912122392 (337) 478-1601
Listing office Coldwell Banker Ingle Safari R 765 Bayou Pines E, Lake Charles, LA (337) 478-1601
Listing date Jul 2, 2026
Copyright © 2026 Southwest Louisiana Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Courtyard Park Office Complex: 3 buildings totaling approx. 14,883 SF on a 1.45‑acre site
- Generates approx. $143,472 in annual rental income, with additional potential through rent adjustments and lease optimization
- Multiple suites with private entrances, individual electric meters, and dedicated restrooms and kitchen areas for flexible leasing
- Spacious, well‑lit concrete parking lot with ample parking for tenants and visitors
- One suite of approx. 2,880 SF currently used as an event center with flexible use or additional income potential
- Flood Zone X (no flood insurance required) and zoned mixed‑use
Overview
The property is situated on a 1.45-acre site with a spacious, well-lit concrete parking lot designed to accommodate tenants and visitors. It is described as being located just minutes from E. Prien Lake Road, I-210, Highway 14, and the Savanna Lakes area. The complex is also positioned in proximity to residential neighborhoods and ongoing development that includes new construction, restaurants, medical offices, and commercial activity.
For buyers, this is a mixed-use zoned office investment with multiple suites that can be independently metered and served with dedicated restroom and kitchen facilities. It is identified as being located in Flood Zone X, where flood insurance is noted as not required. The current event center component and the overall suite layout may be useful for operators seeking a campus-style office setting that supports a variety of professional uses while maintaining straightforward tenant separation.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $223.2k | $15.00 |
| − Vacancy | −$49.1k | −$3.30 |
| EGI | $174.1k | $11.70 |
| − OpEx | −$43.5k | −$2.93 |
| NOI | $130.6k | $8.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lake Charles
- County
- Calcasieu
- State
- Louisiana
- Longitude
- -93.189244
- Latitude
- 30.19439