Corner Storefront
For Sale
$895,000
801 E Prien Lake Rd E, Lake Charles, LA 70601
Three independent businesses occupy the building, with frontage on two streets.
Property Size6,476 SF
Price / SF$138.20
Days on Market42
Property Features for 801 E Prien Lake Rd E
General Information
Standard status
Active
Size
6,476 SF
Additional Details
Corner Location
Yes
Building Details
Tenancy
Multi
Listing Agency:
Century 21 Bono Realty
(337) 348-9711
Listed By:
Lori Kascak · License #912124595
Source:
Athomerealtyla
Added: Jul 21
Changed: Aug 31
Last Checked: Aug 31 at 5:25AM
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
Investment Insights
Based on property information with market context.
This 6,476 SF commercial building is configured as a storefront property with three independent businesses currently operating on site. Long-term tenants are in place, providing an established occupancy profile for a purchaser.
The corner property fronts both E Prien Lake Rd and Kirkman St in Lake Charles. Its dual-street exposure and multiple-business configuration distinguish the asset within the local commercial market. The property is located at 801 E Prien Lake Rd E.
The corner property fronts both E Prien Lake Rd and Kirkman St in Lake Charles. Its dual-street exposure and multiple-business configuration distinguish the asset within the local commercial market. The property is located at 801 E Prien Lake Rd E.
Key Highlights
- 6,476 SF commercial building
- Storefronts front both E Prien Lake Rd and Kirkman St
- Corner property with dual‑street exposure
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
$57,146
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
6.39%
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%
$1,142,920
$1.1M
Cap Rate 7%
$816,371
$816.4K
Cap Rate 9%
$634,956
$635.0K
Market Conditions
NOI Build-Up for 6,476 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
$85.5K $13.20/SF
− Vacancy
−$3.8K −$0.59/SF
EGI
$81.6K $12.61/SF
− OpEx
−$24.5K −$3.78/SF
NOI
$57.1K $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%
$1,142,920
Cap Rate 7%
$816,371
Cap Rate 9%
$634,956
Alternative Uses
Best Use
Retail
$816.4K
$714.3K – $952.4K
NOI $57,146 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,713 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,241
Businesses Nearby
145k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 49%
Hotels & Casinos 2%
Home Improvements & Furnishings 1%
McDonald's
Dining
31,650 visits/mo
0.2 miles
Capital One Bank
Shops & Services
20,336 visits/mo
0.5 miles
SONIC Drive In
Dining
14,698 visits/mo
0.3 miles
Chase Bank
Shops & Services
12,398 visits/mo
0.4 miles
Taco Bell
Dining
12,165 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Three independent businesses occupy the building, with frontage on two streets.
Where is this storefront property located?
The property is located at 801 E Prien Lake Rd E Lake Charles, LA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 6,476 SF commercial building; Storefronts front both E Prien Lake Rd and Kirkman St; Corner property with dual‑street exposure
