Medical Office Building
1702 Oak Park Blvd Lake Charles, LA 70601
1702 Oak Park Blvd, Lake Charles, LA, 70601
Contact for pricing
For Sale
Contact for pricing
Former dental practice ideal for medical facility near hospital.
Property Size5,500 SF
Price / SF$200
Days on Market1089
Property Features for 1702 Oak Park Blvd
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- Office
Listing Agency
Castle Real Estate, Inc.
(337) 570-2427
Listed by
Gregory Bruce · License #52613
Source
Crexi
Added: Jul 26, 2023 Checked: Jul 16 at 9:46 am
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 Castle Real Estate, Inc.
Investment Insights
Based on property information with market context.
This commercial building, formerly Acadian Dental, is suitable for another dental practice or medical facility. The building has high visibility and accessibility, making it suitable for medical professionals serving the local community. Its proximity to the hospital may ensure a flow of potential patients. The space is thoughtfully designed and well-maintained. The layout offers a versatile floor plan that can be customized. The building is move-in ready. This property offers a turnkey solution to begin serving patients. The lot size and total square footage are estimated and should be verified. The property is located in close proximity to a healthcare institution. The property is located at 1702 Oak Park Blvd, Lake Charles, LA 70601. The property size is 5500 square feet.
Key Highlights
- Prime location with high visibility and easy accessibility, ideal for attracting patients.
- Proximity to the hospital ensures a steady flow of potential patients.
- Thoughtfully designed and well‑maintained space, previously used as a dental practice.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.6k | $25.20 |
| − Vacancy | −$17.3k | −$3.15 |
| EGI | $121.3k | $22.05 |
| − OpEx | −$48.5k | −$8.82 |
| NOI | $72.8k | $13.23 |
5,500 SF · lease $25.20/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.04M
$909.6K – $1.21M
NOI $72,765 @ 7.0% cap · market cap 6.62%
Second Best
Office B
$689.5K
$603.3K – $804.4K
NOI $48,263 @ 7.0% cap · market cap 4.39%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $82,987 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Steiner Julie DDS
Dental Office
Oubre Cecilia DDS
Dental Office
Dr. Trang Le
Dental Office
Similar For Sale Nearby
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- Chang Jae H DVM — 3216 Enterprise Blvd, Lake Charles, LA 70601
- Leonard Dalovisio DVM — 1326 12th St, Lake Charles, LA 70601
FAQs
What type of property is this?
Medical Office Space - Former dental practice ideal for medical facility near hospital.
Where is this medical office space located?
The property is located at 1702 Oak Park Blvd Lake Charles, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime location with high visibility and easy accessibility, ideal for attracting patients.; Proximity to the hospital ensures a steady flow of potential patients.; Thoughtfully designed and well‑maintained space, previously used as a dental practice.
