Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12393 Lake Charles Hwy Leesville, LA 71446

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-yield retail center, 65% occupied.

    Property size:
    8,374 SF

    Property Features for 12393 Lake Charles Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    8,374 SF
    Lot Size
    87,120 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    10

    We can help!

    Listing Contact
    Candice Skinner
    Candice Skinner

    Listing Agency: Candice Skinner Real Estate Listing Agent: Candice Skinner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This prime Leesville, Louisiana shopping center presents a compelling investment opportunity. Located at 12393 Lake Charles Hwy, 71446, this single-story, 8,374 square foot property sits on a 2-acre lot and boasts 10 units within a single building. Currently operating at 65% occupancy, this multi-tenant retail center offers significant upside potential. The asking price is $499,900, translating to $59.70 per square foot. The property is connected to city water and sewer, providing essential infrastructure. The center's convenient location in Vernon Parish offers excellent visibility and accessibility for tenants and customers. This is an exceptional chance to acquire a well-situated retail property with strong potential for increased revenue and return on investment. The property's existing tenancy provides a stable income stream, while the available space offers opportunities for lease expansion and diversification. This is an ideal investment for those seeking a proven, income-generating asset in a growing market. The property's size and layout are well-suited for a variety of retail businesses, making it an attractive option for both current and prospective tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Queen Bee's Children's ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Nail Salon Gym & Fitness Center Auto Parts Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leesville
    County
    Vernon Parish
    State
    Louisiana
    Longitude
    -93.27283356
    Latitude
    31.0767791

    Nearby Similar for Sale

    • $99,000
      1,960 SF

      Leesville Investment Opportunity

      Two remodeled mobile homes on a city lot in Leesville.
      1609 S 10Th St, Leesville, LA 71446
      View Details
    • $11,500,000
      162,000 SF

      Leesville Multifamily Investment Opportunity

      162-unit multifamily property in Leesville, LA with stable income.
      240 Clarence Ave, Leesville, LA 71446
      View Details
    • $384,900
      3,000 SF

      Leesville Storefront: Prime Location

      Renovated 3,000 SF Corner Lot
      1502 5Th St, Leesville, LA 71446
      View Details
    • $629,900

      Historic Leesville Hotel - Prime Investment

      Iconic Louisiana hotel, ripe for renovation.
      200 3Rd St, Leesville, LA 71446
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail center, 65% occupied.
    Where is this lifestyle center located?
    The property is located at 12393 Lake Charles Hwy Leesville, LA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: $499,900 asking price for this 8,374 square foot retail shopping center.; Multi-tenant property with 10 units, 65% occupancy.; Located at 12393 Lake Charles Hwy, Leesville, LA 71446, on a 2-acre lot.
    (337) 353-4272 Call to check price and availability
    Request Owner's contact information
    12393 Lake Charles Hwy Leesville, LA 71446
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12393 Lake Charles Hwy
    Leesville, LA 71446
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12393 Lake Charles Hwy Leesville, LA 71446
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Candice Skinner
    Candice Skinner
    Real Estate License ID: 995681735
    (337) 353-4272 (337) 404-3926
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!