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    25-Acre Parcel on Contraband Parkway Title is generated by Realmo AI

    Contraband Pkwy TBD, Lake Charles, LA 70601

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    25-acre parcel with frontage on Contraband Parkway, Lake Charles.

    Type:Land
    Lot size:
    25.00 Acres
    Added:
    Jan 9, 2022
    Days on Market:
    1610
    Last Refresh:
    May 19 at 9:43 pm

    Property Features for Contraband Pkwy TBD

    General Information

    Standard status
    Active
    Lot size
    25.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Mary Kay Hopkins
    Mary Kay Hopkins

    Listing agent Mary Kay Hopkins License #LA 0000034059

    Listing office Mary Kay Hopkins, LLC

    Listing date Jan 9, 2022

    Source Crexi

    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 Mary Kay Hopkins, LLC

    HighLights

    • Prime location with significant frontage (estimated 2400 feet) on Contraband Parkway.
    • Approved Traffic Impact Analysis and strategic positioning near the Nelson Road extension bridge, improving access to key areas.
    • Utilities in place: Water, sewer, and conduit for power lines are already installed along Contraband Parkway.
    • Wetlands have been mitigated, minimizing environmental concerns and development hurdles.
    • Access to promotional material: 360‑degree aerial tour and drone videos available online.
    • Option to acquire an additional 66‑acre parcel with bayou frontage for potential expansion.

    Overview

    This 25-acre parcel is accessible from the internal traffic circle along Contraband Parkway and the east entrance near W. Prien Lake Road. The frontage along Contraband Parkway is estimated at 2400 feet. A bridge extension connecting West Sallier with L’Auberge Blvd is under construction, which will provide easier access to Contraband Pointe from Shell Beach Drive area, Walnut Grove, and downtown Lake Charles. All wetlands have been mitigated, except for a small section along the drainage lateral. A Traffic Impact Analysis has been approved by the Louisiana Department of Transportation. The conduit for power lines along Contraband Parkway has been installed, and water and sewer are in place. The seller will provide the right-of-way for the east/west road. Buyers are responsible for infrastructure and roads. Sewer and water have been installed along Contraband Parkway, as well as the conduit for electrical power. Contraband Parkway is a 4-lane road with a median, a 10-foot jogging path on the north side, a traditional sidewalk on the south side, and a traffic circle at the entrance to this property. Cross-access to the seller's remaining property to the east will be required. Buyers are responsible for infrastructure. Dimensions and acreage are estimated.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.0808
    Latitude
    30.2894

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    FAQs

    What type of property is this?
    Commercial land - 25-acre parcel with frontage on Contraband Parkway, Lake Charles.
    Where is this commercial land located?
    The property is located at Contraband Pkwy TBD Lake Charles, LA.
    What is the asking price?
    The asking price for this property is $6,300,000.
    What are key features of this property?
    This property features: Prime location with significant frontage (estimated 2400 feet) on Contraband Parkway.; Approved Traffic Impact Analysis and strategic positioning near the Nelson Road extension bridge, improving access to key areas.; Utilities in place: Water, sewer, and conduit for power lines are already installed along Contraband Parkway.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mary Kay Hopkins
    Mary Kay Hopkins
    Real Estate License ID: LA 0000034059
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    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.

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