Industrial Property with Two
997 Parish Rd, Lake Charles, LA 70611
For Sale
$749,000
Pending
Two separate structures provide functional space for industrial operations, warehousing, or equipment storage.
Property Size9,380 SF
Lot Size6.73 Acres
Days on Market18
Property Features for 997 Parish Rd
General Information
Standard status
Size
Lot size
Building Details
Buildings
Listing Agency:
CENTURY 21 Bessette Flavin
(337) 474-2185
Listed By:
Keith Ryder · License LA #995689696
(337) 540-1025
Source:
Exprealty
Added: Oct 27
Changed: Nov 10
Last Checked: Nov 12 at 2:03PM
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 Flavin
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The industrial property occupies 6.73 acres and includes two buildings totaling 9,380 square feet. Building A contains 5,000 square feet, while Building B provides 4,380 square feet. The site offers space for industrial activity, warehousing, equipment storage, and other commercial functions.
Key Highlights
- 6.73‑acre industrial property
- Two buildings totaling 9,380 square feet
- Building A: 5,000 square feet; Building B: 4,380 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,013
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,260
$1.2M
Cap Rate 7%
$828,757
$828.8K
Cap Rate 9%
$644,589
$644.6K
Market Conditions
NOI Build-Up for 9,380 SF
Gross rent
$88.9K $9.48/SF
− Vacancy
−$6.0K −$0.64/SF
EGI
$82.9K $8.84/SF
− OpEx
−$24.9K −$2.65/SF
NOI
$58.0K $6.18/SF
Area
Calcasieu County, LA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,260
Cap Rate 7%
$828,757
Cap Rate 9%
$644,589
Alternative Uses
Best Use
Warehouse
$1.01M
$880.6K – $1.17M
NOI $70,444 @ 7.0% cap · market cap 9.41%
Second Best
Industrial
$828.8K
$725.2K – $966.9K
NOI $58,013 @ 7.0% cap · market cap 7.75%
Theoretical Best
Specialty Retail
$2.02M
$1.77M – $2.36M
NOI $141,530 @ 7.0% cap · market cap 18.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 70611, LA
22,457
Population
8,971
Households
2.5
Avg Household Size
37
Median Age
30%
College-Educated
91%
High-School Grad
81.7 sq mi
ZIP Area
275
Density / Sq Mi
$101,146
Median Household Income
$56,450
Median Earnings
$1,241
Median Rent
$249,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Lake Charles, LA
Properties on Market for Industrial properties in Lake Charles
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Two separate structures provide functional space for industrial operations, warehousing, or equipment storage.
Where is this industrial property located?
The property is located at 997 Parish Rd Lake Charles, LA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 6.73‑acre industrial property; Two buildings totaling 9,380 square feet; Building A: 5,000 square feet; Building B: 4,380 square feet
