Multi-Building Office
3505 5th Avenue Lake Charles, LA 70607
3505 5th Avenue, Lake Charles, LA, 70607
$1,999,999
For Sale
$1,999,999
Well-maintained, three-building office complex with a landscaped courtyard, multiple private entrances, and dedicated restrooms and kitchens.
Property Size14,883 SF
Price / SF$134.38
Days on Market148
Property Features for 3505 5th Avenue
General Information
- Standard status
- Active
- Size
- 14,883 SF
- Property subtype
- Office
Building Details
- Year Built
- 1983
Listing agency
COLDWELL BANKER INGLE SAFARI
(337) 478-1601
Listed by
Robbie Ingle · License #912122392
Source
Xome
Added: Feb 24 Updated: Jul 22 at 12:04PM Checked: Jul 22 at 12:04PM
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 COLDWELL BANKER INGLE SAFARI
Investment Insights
Based on property information with market context.
Courtyard Park is a well-maintained multi-building office complex comprising three buildings totaling approximately 14,883 square feet. The property is arranged around professionally landscaped courtyard spaces and includes multiple suites with private entrances, individual electric meters, and dedicated restrooms and kitchen areas. Interior spaces are described as clean and functional, with a mix of office, meeting, and common areas.
The complex is located just minutes from E. Prien Lake Road, I-210, Highway 14, and the Savanna Lakes area, with convenient access to surrounding residential neighborhoods and nearby commercial development. The site totals approximately 1.45 acres and includes a spacious, well-lit concrete parking lot for tenants and visitors.
Flood Zone X is noted (no flood insurance required), and the property is described as zoned mixed-use. The listing reports approximately $143,472 in annual rental income, and one suite totaling approximately 2,880 square feet is currently utilized as an event center.
The complex is located just minutes from E. Prien Lake Road, I-210, Highway 14, and the Savanna Lakes area, with convenient access to surrounding residential neighborhoods and nearby commercial development. The site totals approximately 1.45 acres and includes a spacious, well-lit concrete parking lot for tenants and visitors.
Flood Zone X is noted (no flood insurance required), and the property is described as zoned mixed-use. The listing reports approximately $143,472 in annual rental income, and one suite totaling approximately 2,880 square feet is currently utilized as an event center.
Key Highlights
- Three‑building office complex totaling approximately 14,883 SF, built in 1983
- 1.45‑acre site with a spacious, well‑lit concrete parking lot and 50 parking spaces
- Multiple suites with private entrances, individual electric meters, and dedicated restrooms and kitchen areas
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 |
14,883 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.87M
$1.63M – $2.18M
NOI $130,598 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.21M
$2.81M – $3.74M
NOI $224,562 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Volunteers of America
Social Service Agency
Lopez Frank W ...
Physician
Le Blanc Jerry
Marriage Or Relationship Counselor
Dr. Monlezun
Medical Clinic
Phyllis Dugar-Thibodeaux - State ...
Insurance Agency
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FAQs
What type of property is this?
Office building - Well-maintained, three-building office complex with a landscaped courtyard, multiple private entrances, and dedicated restrooms and kitchens.
Where is this office building located?
The property is located at 3505 5th Avenue Lake Charles, LA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Three‑building office complex totaling approximately 14,883 SF, built in 1983; 1.45‑acre site with a spacious, well‑lit concrete parking lot and 50 parking spaces; Multiple suites with private entrances, individual electric meters, and dedicated restrooms and kitchen areas
