Downtown Office Building with
1111 Ryan Street Lake Charles, LA 70601
For Sale
Contact for pricing
Office building with rentable space, near Courthouse, ample parking.
Property Size6,328 SF
Price / SF$173.83
Days on Market886
Property Features for 1111 Ryan Street
General Information
Standard status
Active
Size
6,328 SF
Property subtype
Special Purpose, Land
Listing Agency:
Century 21 Bessette Realty
(337) 540-1916
Listed By:
Larry Turner · License #LA
Source:
Crexi
Added: Feb 22, 2024
Changed: Jul 6
Last Checked: Jul 26 at 11:43AM
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 Realty
Investment Insights
Based on property information with market context.
Located at 1111 Ryan Street, this office building offers 6328 square feet of rentable space. The property features 10 office spaces and is situated near the Courthouse, with convenient access to downtown amenities. Tenants benefit from a shared 540 square foot conference room, a 300 square foot reception area with a meet and greet receptionist, and a break room. The building includes a private entrance in the rear and is handicapped accessible. Ample parking is available. The landlord provides electricity and water. An additional parking lot, measuring approximately 52x199, is located on Bilbo Street. Shown by appointment only.
Key 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.
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 |
6,328 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$793.3K
$694.1K – $925.5K
NOI $55,528 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,480 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building with rentable space, near Courthouse, ample parking.
Where is this office building located?
The property is located at 1111 Ryan Street 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 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.
