Renovated Flex Space with Roll-Up
For Sale
$650,000
4730 Common St, Lake Charles, LA 70607
Updated offices accompany warehouse space and an outdoor kitchen and patio.
Property Size7,440 SF
Price / SF$87.37
Days on Market66
Property Features for 4730 Common St
General Information
Standard status
Active
Size
7,440 SF
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Amenities
outdoor kitchen/patio area
Listing Agency:
Exit Realty Southern
(337) 287-9500
Listed By:
Amy Daigle
(337) 515-3081
Source:
Exprealty
Added: Aug 14
Changed: Oct 6
Last Checked: Oct 16 at 9:42AM
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 Exit Realty Southern
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Investment Insights
Based on property information with market context.
This flex property provides 7,440 square feet combining renovated office areas with warehouse space and a roll-up door. The configuration also includes space described as adaptable for retail or other commercial uses, along with an outdoor kitchen and patio area.
The property presents approximately 121 feet of frontage on S. Common Street and is located near McNeese Stadium. Additional exterior space can serve as a laydown yard or provide extra parking, offering practical flexibility for a range of commercial operations and events.
The property presents approximately 121 feet of frontage on S. Common Street and is located near McNeese Stadium. Additional exterior space can serve as a laydown yard or provide extra parking, offering practical flexibility for a range of commercial operations and events.
Key Highlights
- 7,440 square feet of total space
- Approximately 121 feet of frontage on S. Common Street
- Renovated office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,875
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,500
$1.1M
Cap Rate 7%
$798,214
$798.2K
Cap Rate 9%
$620,833
$620.8K
Market Conditions
NOI Build-Up for 7,440 SF
Gross rent
$70.5K $9.48/SF
− Vacancy
−$4.8K −$0.64/SF
EGI
$65.7K $8.84/SF
− OpEx
−$9.9K −$1.33/SF
NOI
$55.9K $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 Rate 5%
$1,117,500
Cap Rate 7%
$798,214
Cap Rate 9%
$620,833
Alternative Uses
Best Use
Flex RnD
$1.45M
$1.27M – $1.69M
NOI $101,440 @ 7.0% cap · market cap 15.61%
Second Best
Office B
$932.7K
$816.1K – $1.09M
NOI $65,286 @ 7.0% cap · market cap 10.04%
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $112,258 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Under-served
Demand for This Use
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
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
Frequently Asked Questions
What type of property is this?
Flex space - Updated offices accompany warehouse space and an outdoor kitchen and patio.
Where is this flex space located?
The property is located at 4730 Common St Lake Charles, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 7,440 square feet of total space; Approximately 121 feet of frontage on S. Common Street; Renovated office space
