Retail Space with
For Sale
$599,500
3806 Common St, Lake Charles, LA 70607
Retail-oriented commercial building with office, kitchen, warehouse space, and customer parking.
Property Size7,565 SF
Price / SF$79.25
Days on Market52
Property Features for 3806 Common St
General Information
Standard status
Active
Size
7,565 SF
Warehouse & Industrial
Clear Height
17 ft
Warehouse Space
4,000 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1988
Listing Agency:
Century 21 Bono Realty
(337) 802-3493
Listed By:
Tony Cornner · License #912122358
Source:
Athomerealtyla
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 25 at 4:01AM
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 Century 21 Bono Realty
Investment Insights
Based on property information with market context.
This retail property combines a 3,872-square-foot customer-facing area with a separate office, open counter, kitchen space, and two front entry doors. The building also includes 4,000 square feet of warehouse area with 17-foot ceilings and a 14-foot roll-up door. Constructed in 1988, the property is designated MU zoning.
Customer parking is positioned at the front, while gravel parking extends along the side. A rear entrance from N. Oak Street provides access to the warehouse’s back area, which includes a large parking lot for deliveries and employee parking. The property is located at 3806 Common St in Lake Charles, Louisiana.
Customer parking is positioned at the front, while gravel parking extends along the side. A rear entrance from N. Oak Street provides access to the warehouse’s back area, which includes a large parking lot for deliveries and employee parking. The property is located at 3806 Common St in Lake Charles, Louisiana.
Key Highlights
- 3,872 square feet of retail space with office, open counter, and kitchen area
- 4,000 square feet of warehouse space with 17‑foot ceilings
- 14‑foot roll‑up warehouse door
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
$46,788
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
7.80%
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%
$935,760
$935.8K
Cap Rate 7%
$668,400
$668.4K
Cap Rate 9%
$519,867
$519.9K
Market Conditions
NOI Build-Up for 7,565 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
$71.7K $9.48/SF
− Vacancy
−$4.9K −$0.64/SF
EGI
$66.8K $8.84/SF
− OpEx
−$20.1K −$2.65/SF
NOI
$46.8K $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 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%
$935,760
Cap Rate 7%
$668,400
Cap Rate 9%
$519,867
Alternative Uses
Best Use
Flex RnD
$1.47M
$1.29M – $1.72M
NOI $103,144 @ 7.0% cap · market cap 17.21%
Second Best
Retail
$953.6K
$834.4K – $1.11M
NOI $66,755 @ 7.0% cap · market cap 11.14%
Theoretical Best
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,145 @ 7.0% cap · market cap 19.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
751
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail-oriented commercial building with office, kitchen, warehouse space, and customer parking.
Where is this retail space located?
The property is located at 3806 Common St Lake Charles, LA.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: 3,872 square feet of retail space with office, open counter, and kitchen area; 4,000 square feet of warehouse space with 17‑foot ceilings; 14‑foot roll‑up warehouse door
