Flex Space with Loading
For Sale
$899,000
720 E Prien Lake Rd E, Lake Charles, LA 70601
Office and warehouse space under renovation along a heavily traveled commercial corridor with access to major interstates.
Property Size9,950 SF
Price / SF$90.35
Days on Market96
Property Features for 720 E Prien Lake Rd E
General Information
Standard status
Active
Size
9,950 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1950
Listing Agency:
CENTURY 21 Bessette Flavin
Listed By:
Molly Barker · License #995712265
(337) 377-9778
Source:
Athomerealtyla
Added: Jul 10
Changed: Oct 7
Last Checked: Oct 7 at 1:51PM
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 Bessette Flavin
Investment Insights
Based on property information with market context.
This 9,950-square-foot flex property combines office and warehouse areas and is currently undergoing renovation. The building includes a loading dock to support shipping and receiving functions, while the ongoing work may allow for finish selections suited to the eventual operation. Constructed in 1950, the property is zoned B.
The site provides 308 feet of frontage on E Prien Lake Road in Lake Charles, with access to Interstate 210 and Interstate 10. The corridor records a daily traffic count exceeding 25,000 vehicles and includes retail, service businesses, restaurants, national chains, and professional offices. Downtown Lake Charles, major shopping centers, and residential developments are also nearby.
The site provides 308 feet of frontage on E Prien Lake Road in Lake Charles, with access to Interstate 210 and Interstate 10. The corridor records a daily traffic count exceeding 25,000 vehicles and includes retail, service businesses, restaurants, national chains, and professional offices. Downtown Lake Charles, major shopping centers, and residential developments are also nearby.
Key Highlights
- 9,950‑square‑foot flex space with office and warehouse areas
- 308 feet of frontage on E Prien Lake Road
- Warehouse includes a loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,725
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,494,500
$1.5M
Cap Rate 7%
$1,067,500
$1.1M
Cap Rate 9%
$830,278
$830.3K
Market Conditions
NOI Build-Up for 9,950 SF
Gross rent
$94.3K $9.48/SF
− Vacancy
−$6.4K −$0.64/SF
EGI
$87.9K $8.84/SF
− OpEx
−$13.2K −$1.33/SF
NOI
$74.7K $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 Rate 5%
$1,494,500
Cap Rate 7%
$1,067,500
Cap Rate 9%
$830,278
Alternative Uses
Best Use
Flex RnD
$1.94M
$1.70M – $2.26M
NOI $135,662 @ 7.0% cap · market cap 15.09%
Second Best
Office B
$1.25M
$1.09M – $1.46M
NOI $87,311 @ 7.0% cap · market cap 9.71%
Theoretical Best
Specialty Retail
$2.14M
$1.88M – $2.50M
NOI $150,131 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,226
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse space under renovation along a heavily traveled commercial corridor with access to major interstates.
Where is this flex space located?
The property is located at 720 E Prien Lake Rd E Lake Charles, LA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 9,950‑square‑foot flex space with office and warehouse areas; 308 feet of frontage on E Prien Lake Road; Warehouse includes a loading dock
