Multi-Suite Office
635 Petro Point Dr, Lake Charles, LA 70607
For Sale
New
$1,800,000
Built-out office suites include reception areas, meeting rooms, kitchens, storage, and restrooms.
Property Size9,000 SF
Price / SF$200
Days on Market3
Property Features for 635 Petro Point Dr
General Information
Standard status
Size
Additional Details
Condition
Property Use
Listing Agency:
Century 21 Bono Realty
Listed By:
Kym DiGiovanni · License LA #995709003
(337) 540-2807
Source:
Athomerealtyla
Added: Nov 8
Last Checked: Oct 1 at 11:15AM
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 Century 21 Bono Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured as an office property, the building contains 9,000 square feet of heated and cooled space. Suites include an entry and front desk, multiple offices, a kitchen, storage areas, meeting rooms, and bathrooms.
The property is part of an established office park in Lake Charles, surrounded by businesses.
The property is part of an established office park in Lake Charles, surrounded by businesses.
Key Highlights
- 9,000 square feet of heated and cooled office space
- Suites include front desks, multiple offices, kitchens, and storage areas
- Large meeting rooms and bathrooms within the suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,975
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,579,500
$1.6M
Cap Rate 7%
$1,128,214
$1.1M
Cap Rate 9%
$877,500
$877.5K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$135.0K $15.00/SF
− Vacancy
−$29.7K −$3.30/SF
EGI
$105.3K $11.70/SF
− OpEx
−$26.3K −$2.93/SF
NOI
$79.0K $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 Rate 5%
$1,579,500
Cap Rate 7%
$1,128,214
Cap Rate 9%
$877,500
Alternative Uses
Best Use
Office B
$1.13M
$987.2K – $1.32M
NOI $78,975 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,797 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
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
$171,700
Median Home Value
Market
Average Price Trend$/SF for Office Units in Lake Charles, LA
Properties on Market for Office Units in Lake Charles
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Built-out office suites include reception areas, meeting rooms, kitchens, storage, and restrooms.
Where is this office unit located?
The property is located at 635 Petro Point Dr Lake Charles, LA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 9,000 square feet of heated and cooled office space; Suites include front desks, multiple offices, kitchens, and storage areas; Large meeting rooms and bathrooms within the suites
