Flex Space with
For Sale
$600,000
5504 Common St, Lake Charles, LA 70607
C-2 and R-2 zoning with warehouse, office space, and city water availability.
Property Size6,000 SF
Price / SF$100
Days on Market33
Property Features for 5504 Common St
General Information
Standard status
Active
Size
6,000 SF
Listing Agency:
Kaizen Home Sales and Services
(337) 292-5181
Listed By:
Jeff Papania · License #18592
Source:
Athomerealtyla
Added: Jul 30
Changed: Aug 30
Last Checked: Aug 30 at 8:24PM
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 Kaizen Home Sales and Services
Investment Insights
Based on property information with market context.
This flex space property includes a 6,000-square-foot industrial warehouse with an office component. The site encompasses approximately 4 acres, with final property lines to be determined and measurements stated as more or less. C-2 and R-2 zoning provide the stated land-use designations for the property, while city water is readily available.
The property fronts Common St along a major commercial five-lane road, providing direct exposure and access. Lake Charles Regional Airport is located minutes away. The combination of warehouse improvements, office space, substantial land area, highway-style road exposure, and airport proximity creates a commercial property with multiple physical components for evaluation.
The property fronts Common St along a major commercial five-lane road, providing direct exposure and access. Lake Charles Regional Airport is located minutes away. The combination of warehouse improvements, office space, substantial land area, highway-style road exposure, and airport proximity creates a commercial property with multiple physical components for evaluation.
Key Highlights
- 6,000‑square‑foot industrial warehouse with office space
- Approximately 4 acres; final property lines to be determined
- C‑2 and R‑2 zoning
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
$52,650
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
8.77%
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%
$1,053,000
$1.1M
Cap Rate 7%
$752,143
$752.1K
Cap Rate 9%
$585,000
$585.0K
Market Conditions
NOI Build-Up for 6,000 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
$90.0K $15.00/SF
− Vacancy
−$19.8K −$3.30/SF
EGI
$70.2K $11.70/SF
− OpEx
−$17.6K −$2.93/SF
NOI
$52.7K $8.78/SF
Area
Calcasieu County, LA
Vacancy
22.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,053,000
Cap Rate 7%
$752,143
Cap Rate 9%
$585,000
Alternative Uses
Best Use
Flex RnD
$1.17M
$1.02M – $1.36M
NOI $81,806 @ 7.0% cap · market cap 13.63%
Second Best
Office B
$752.1K
$658.1K – $877.5K
NOI $52,650 @ 7.0% cap · market cap 8.77%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,531 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
154
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - C-2 and R-2 zoning with warehouse, office space, and city water availability.
Where is this flex space located?
The property is located at 5504 Common St Lake Charles, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 6,000‑square‑foot industrial warehouse with office space; Approximately 4 acres; final property lines to be determined; C‑2 and R‑2 zoning
