Flex Building with
For Sale
$648,000
622 A E Prien Lake Rd E, Lake Charles, LA 70601
Two-part commercial layout combines customer-facing showroom space with enclosed warehouse capacity and a drive-through window.
Property Size4,800 SF
Lot Size0.50 Acres
Price / SF$135
Days on Market51
Property Features for 622 A E Prien Lake Rd E
General Information
Standard status
Active
Size
4,800 SF
Total Parking Spaces
4
Lot size
0.50 Acres
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$648,000
Warehouse Space
2,400 SF
Building Details
Buildings
1
Building Size
4,800 SF
Listing Agency:
Bricks & Mortar- Real Estate
(337) 377-9325
Listed By:
Blake Lumpkin
Source:
Athomerealtyla
Added: Jul 10
Changed: Aug 28
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 Bricks & Mortar- Real Estate
Investment Insights
Based on property information with market context.
This 4,800-square-foot flex building on approximately 0.5 acres combines retail/showroom and warehouse functions. The 2,400-square-foot climate-controlled showroom includes a built-in storefront counter, two restrooms, and an open interior layout. A separate 2,400-square-foot insulated warehouse area provides a large rear roll-up door, while a drive-through window is positioned on the east side of the building.
The property is located at 622 E Prien Lake Rd in Lake Charles, approximately one block from direct access to Interstate 210. Four designated parking spaces serve the storefront, with additional improved parking and storage behind the building. Approximately 5,700 square feet of unimproved grass area lies immediately west of the building. Zoning is B.
The property is located at 622 E Prien Lake Rd in Lake Charles, approximately one block from direct access to Interstate 210. Four designated parking spaces serve the storefront, with additional improved parking and storage behind the building. Approximately 5,700 square feet of unimproved grass area lies immediately west of the building. Zoning is B.
Key Highlights
- 4,800‑square‑foot flex building on approximately 0.5 acres
- 2,400 square feet of climate‑controlled retail/showroom space
- 2,400 square feet of insulated 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
$42,356
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
6.54%
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%
$847,120
$847.1K
Cap Rate 7%
$605,086
$605.1K
Cap Rate 9%
$470,622
$470.6K
Market Conditions
NOI Build-Up for 4,800 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
$63.4K $13.20/SF
− Vacancy
−$2.9K −$0.59/SF
EGI
$60.5K $12.61/SF
− OpEx
−$18.2K −$3.78/SF
NOI
$42.4K $8.82/SF
Area
Calcasieu County, LA
Vacancy
4.50%
Lease Rate
$13.20 /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%
$847,120
Cap Rate 7%
$605,086
Cap Rate 9%
$470,622
Alternative Uses
Best Use
Flex RnD
$934.9K
$818.1K – $1.09M
NOI $65,445 @ 7.0% cap · market cap 10.10%
Second Best
Retail
$605.1K
$529.5K – $705.9K
NOI $42,356 @ 7.0% cap · market cap 6.54%
Theoretical Best
Specialty Retail
$1.03M
$905.3K – $1.21M
NOI $72,425 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70601, LA
34,571
Population
16,811
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
16.1 sq mi
ZIP Area
2,147
Density / Sq Mi
$49,545
Median Household Income
$34,044
Median Earnings
$938
Median Rent
$164,300
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?
Flex space - Two-part commercial layout combines customer-facing showroom space with enclosed warehouse capacity and a drive-through window.
Where is this flex space located?
The property is located at 622 A E Prien Lake Rd E Lake Charles, LA.
What is the asking price?
The asking price for this property is $648,000.
What are key features of this property?
This property features: 4,800‑square‑foot flex building on approximately 0.5 acres; 2,400 square feet of climate‑controlled retail/showroom space; 2,400 square feet of insulated warehouse space
