Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    613 Armstrong Street Lake Charles, LA 70615

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with potential for redevelopment in Lake Charles.

    Type:Lots/Land
    Lot size:
    0.25 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    9
    Last Refresh:
    Mar 26 at 12:14 am

    Property Features for 613 Armstrong Street

    General Information

    Standard status
    Active
    Lot size
    0.25 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Phyllis Godfrey
    Phyllis Godfrey

    Listing agent Phyllis Godfrey License #995708991

    Listing office Latter & Blum Compass-LC

    Listing date Mar 24, 2026

    Source Exitrealty

    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 Latter & Blum Compass-LC

    Overview

    Commercial Land on Armstrong Street

    This commercial property is located on Armstrong Street and is zoned for commercial use. The lot measures approximately 183.4 feet by 60.7 feet. The site previously accommodated a 4-unit apartment building, suggesting potential for redevelopment or similar commercial ventures.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.177299
    Latitude
    30.230403

    Nearby Similar for Sale

    • $715,000

      Turnkey Office Space in Lake Charles

      Move-in ready office with executive suites, conference rooms, and parking.
      1830 Hodges, Lake Charles, LA 70601
      View Details
    • $799,000

      Lake Charles Commercial Investment Opportunity

      High-visibility commercial property with income and development potential.
      2503 Ryan, Lake Charles, LA 70601
      View Details
    • $599,000

      High-Visibility Commercial Property with Income Potential

      Prime commercial land with income potential in Lake Charles, LA.
      2517 Ryan, Lake Charles, LA 70601
      View Details
    • $1,999,999

      Lake Charles Multi-Building Office Complex

      Well-maintained office investment opportunity in Lake Charles' growth corridor.
      3505 5th, Lake Charles, LA 70607
      View Details
    • $300,000

      Commercial Land on Martin Luther King

      4.1 acres of commercial land with highway frontage.
      0 North Martin Luther King Highway, Lake Charles, LA 70601
      View Details
    • $250,000

      Freestanding Commercial Building in Lake Charles

      High-traffic location suitable for restaurant or retail use.
      2500 Kirkman, Lake Charles, LA 70601
      View Details
    • $630,000

      Lake Charles Commercial Property For Sale

      5,600 SF commercial property with warehouse and office space.
      1301 E Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • $250,000
      2,500 SF

      Lake Charles Commercial Investment Opportunity

      Commercial property with high visibility and income potential in Lake Charles.
      3309 Common Street, Lake Charles, LA 70601
      View Details
    • $230,000

      Prime Commercial Land Opportunity

      Exceptional visibility on a high-traffic thoroughfare near I-210.
      2434-A Gerstner Memorial, Lake Charles, LA 70601
      View Details
    • $125,000

      Cleared Land Ready For Development

      0.27 acre commercial land in Lake Charles, LA.
      806 17th, Lake Charles, LA 70601-8636
      View Details
    • $95,000
      1,500 SF

      Versatile Commercial Building with Yard

      Freestanding commercial property in Lake Charles with flexible industrial space.
      2041 Mill Street, Lake Charles, LA 70606
      View Details
    • $240,000

      Affordable Commercial/Medical Building in Lake Charles

      2,400 SF building suitable for commercial or medical use.
      510 W 18th, Lake Charles, LA 70601
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with potential for redevelopment in Lake Charles.
    Where is this commercial land located?
    The property is located at 613 Armstrong Street Lake Charles, LA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Zoned for commercial use, presenting a range of possibilities.; Great investment property.; Lot size is 183.4 ft. x 60.7 ft.
    (337) 439-6639
    We can help!
    Listing Contact
    Phyllis Godfrey
    Phyllis Godfrey
    Real Estate License ID: 995708991
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!