1111 Ryan Street, Lake Charles, LA 70601
Office building with rentable space, near Courthouse, ample parking.
- Added:
- Feb 22, 2024
- Days on Market:
- 839
- Last Refresh:
- May 12 at 10:00 pm
Property Features for 1111 Ryan Street
General Information
- Standard status
- Active
- Size
- 6,328 SF
- Property subtype
- Special Purpose, Land
Listing agent Larry Turner License #LA
Listing office Century 21 Bessette Realty
Listing date Feb 22, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Bessette Realty
HighLights
- Prime location near the Courthouse and downtown amenities.
- 6328 sq ft of rentable office space with 10 offices.
- Shared conference room, reception area with receptionist, and break room.
- Landlord provides electricity and water.
- Ample parking, including an additional lot on Bilbo Street.
- Handicapped accessible with private rear entrance.
Overview
Local Financial Insights For Office B
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 | $94.9k | $15.00 |
| − Vacancy | −$20.9k | −$3.30 |
| EGI | $74.0k | $11.70 |
| − OpEx | −$18.5k | −$2.93 |
| NOI | $55.5k | $8.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lake Charles
- County
- Calcasieu
- State
- Louisiana
- Longitude
- -93.217781
- Latitude
- 30.223999
