Flex Retail and Warehouse
For Sale
$648,000
622A E Prien Lake Rd, Lake Charles, LA 70601
Flex building offers climate-controlled showroom with built-in front counter, plus insulated warehouse with a large roll-up door.
Property Size4,800 SF
Lot Size0.50 Acres
Price / SF$135
Days on Market53
Property Features for 622A E Prien Lake Rd
General Information
Standard status
Active
Size
4,800 SF
Total Parking Spaces
4
Lot size
0.50 Acres
Additional Details
Highway Access
Yes
Drive-In Doors
1
Listing Agency:
Bricks & Mortar- Real Estate
(337) 377-9325
Listed By:
Blake Lumpkin · License #SALE.0995684333-ACT
(337) 377-9325
Source:
Exprealty
Added: Jul 2
Changed: Aug 23
Last Checked: Aug 22 at 4:23AM
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 flex property includes a total 4,800 square foot building situated on approximately half an acre. The building features a drive-through window on the east side and includes 2,400 square feet of climate-controlled retail/showroom space with a built-in counter at the storefront. That interior area is a wide-open shell with two restrooms. An additional 2,400 square feet of insulated warehouse space is located at the rear (south) of the building and includes a large roll-up door.
The front of the property provides four designated parking spots at the storefront, along with an additional improved parking/storage area behind the building. There is also approximately 5,700 square feet of unimproved grass area immediately west of the building that could be utilized for future parking. The property is located on one of the highest traveled arteries in Lake Charles and is about one block from direct access to Interstate 210.
Owner may consider leasing the property, contingent upon the end use, tenant credit worthiness, and financial stability. Contact the listing agent for showing instructions.
The front of the property provides four designated parking spots at the storefront, along with an additional improved parking/storage area behind the building. There is also approximately 5,700 square feet of unimproved grass area immediately west of the building that could be utilized for future parking. The property is located on one of the highest traveled arteries in Lake Charles and is about one block from direct access to Interstate 210.
Owner may consider leasing the property, contingent upon the end use, tenant credit worthiness, and financial stability. Contact the listing agent for showing instructions.
Key Highlights
- 4,800 SF flex building on approx. 0.5 acre in Lake Charles
- 2,400 SF climate‑controlled retail/showroom with built‑in counter at the storefront
- Retail/showroom is a wide‑open shell with two restrooms
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
Current Use
Lease Details
1
Drive-in doors
Yes
Highway 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex building offers climate-controlled showroom with built-in front counter, plus insulated warehouse with a large roll-up door.
Where is this flex space located?
The property is located at 622A E Prien Lake Rd 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 SF flex building on approx. 0.5 acre in Lake Charles; 2,400 SF climate‑controlled retail/showroom with built‑in counter at the storefront; Retail/showroom is a wide‑open shell with two restrooms
