Renovated Flex Space with
New
For Sale
$650,000
4730 Common St Unit 1, Lake Charles, LA 70607
Renovated offices accompany warehouse space with a roll-up door and outdoor support areas.
Property Size7,440 SF
Price / SF$87.37
Days on Market3
Property Features for 4730 Common St Unit 1
General Information
Standard status
Active
Size
7,440 SF
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Amenities
outdoor kitchen/patio area
Building Details
Building Size
7,440 SF
Listing Agency:
Exit Realty Southern
Listed By:
Amy Daigle
(337) 515-3081
Source:
Athomerealtyla
Added: Sep 5
Changed: Sep 6
Last Checked: Sep 6 at 11:19AM
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
Investment Insights
Based on property information with market context.
This 7,440-square-foot flex property combines renovated office areas with warehouse space and a roll-up door. The layout also includes adaptable space identified for retail or other commercial uses, along with an outdoor kitchen and patio. A laydown yard provides additional exterior utility and may also serve as extra parking.
Located at 4730 Common St Unit 1 in Lake Charles, the property offers approximately 121 feet of frontage on S. Common Street and sits near McNeese Stadium. The combination of office, warehouse, exterior storage or parking area, and patio amenities supports a range of commercial configurations.
Located at 4730 Common St Unit 1 in Lake Charles, the property offers approximately 121 feet of frontage on S. Common Street and sits near McNeese Stadium. The combination of office, warehouse, exterior storage or parking area, and patio amenities supports a range of commercial configurations.
Key Highlights
- 7,440 square feet of total space
- Approximately 121 feet of frontage on S. Common Street
- Renovated office space paired with warehouse space
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
$55,875
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
8.60%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated offices accompany warehouse space with a roll-up door and outdoor support areas.
Where is this flex space located?
The property is located at 4730 Common St Unit 1 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 paired with warehouse space
