Mixed-Use Building with
For Sale
Contact for pricing
622B E Prien Lake Road, Lake Charles, LA 70601
Combined retail, storage, and warehouse improvements support multiple commercial functions in one property.
Property Size1,500 SF
Lot Size0.33 Acres
Price / SF$89.33
Days on Market60
Property Features for 622B E Prien Lake Road
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.33 Acres
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Warehouse Space
2,400 SF
Listing Agency:
Bricks and Mortar Real Estate Co.
Listed By:
Blake Lumpkin · License #LA SALE.0995684333-ACT
Source:
Crexi
Added: Jul 3
Changed: Aug 30
Last Checked: Aug 30 at 1:14PM
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 and Mortar Real Estate Co.
Investment Insights
Based on property information with market context.
This mixed-use property combines a 1,500-square-foot building with a drive-through window, climate-controlled storage, and warehouse space. The storage component includes two adjacent 750-square-foot areas separated by a demising wall, while the rear portion adds 2,400 square feet of insulated warehouse area with a large roll-up door. One storage section also has a smaller roll-up door, and the HVAC system could be extended to the adjoining space.
The property occupies approximately 0.33 acres at 622B E Prien Lake Road in Lake Charles, Louisiana. It is positioned along a heavily traveled roadway, approximately one block from direct access to Interstate 210. A roughly 3,000-square-foot improved parking area serves the building, with additional parking or storage area along the north side. The site also includes grass area that could be stabilized for a future driveway connection from Prien Lake Road, subject to the applicable requirements.
The property occupies approximately 0.33 acres at 622B E Prien Lake Road in Lake Charles, Louisiana. It is positioned along a heavily traveled roadway, approximately one block from direct access to Interstate 210. A roughly 3,000-square-foot improved parking area serves the building, with additional parking or storage area along the north side. The site also includes grass area that could be stabilized for a future driveway connection from Prien Lake Road, subject to the applicable requirements.
Key Highlights
- 1,500‑square‑foot building with drive‑through window
- Two adjacent 750‑square‑foot storage areas, including climate‑controlled space
- 2,400 square feet of insulated warehouse space with large roll‑up door
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
$11,265
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
8.41%
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%
$225,300
$225.3K
Cap Rate 7%
$160,929
$160.9K
Cap Rate 9%
$125,167
$125.2K
Market Conditions
NOI Build-Up for 1,500 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
$14.2K $9.48/SF
− Vacancy
−$967 −$0.64/SF
EGI
$13.3K $8.84/SF
− OpEx
−$2.0K −$1.33/SF
NOI
$11.3K $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%
$225,300
Cap Rate 7%
$160,929
Cap Rate 9%
$125,167
Alternative Uses
Best Use
Flex RnD
$292.2K
$255.7K – $340.9K
NOI $20,452 @ 7.0% cap · market cap 15.26%
Second Best
Mixed Use
$188.0K
$164.5K – $219.4K
NOI $13,163 @ 7.0% cap · market cap 9.82%
Theoretical Best
Specialty Retail
$323.3K
$282.9K – $377.2K
NOI $22,633 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
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?
Mixed-use property - Combined retail, storage, and warehouse improvements support multiple commercial functions in one property.
Where is this mixed-use property located?
The property is located at 622B E Prien Lake Road Lake Charles, LA.
What is the asking price?
The asking price for this property is $134,000.
What are key features of this property?
This property features: 1,500‑square‑foot building with drive‑through window; Two adjacent 750‑square‑foot storage areas, including climate‑controlled space; 2,400 square feet of insulated warehouse space with large roll‑up door
