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    Tbd Off Contraband Pkwy Lake Charles, LA 70601

    • Retail properties
    • 4.00 lot acres
    For Sale
    View listing
    $1,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Tbd Off Contraband Pkwy

    Lot size
    4.00 lot acres
    Property type
    Retail properties
    Property subtype
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.241
    Latitude
    30.2021

    Comparable in this City

    • Value Estimation by Request

      TBD Contraband Pkwy

      Land
      TBD Contraband Pkwy, Lake Charles, LA 70601
      View Details
    • Value Estimation by Request
      1.23 Acres

      Prien Lake Rd

      Individual retail properties • 1.23 Acres
      0 Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • Value Estimation by Request
      0.31 Acres

      801 Prien Lake Rd

      Land • 6,476 SF
      801 Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • Value Estimation by Request

      1740 Prien Lake Rd

      Land
      1740 Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • Value Estimation by Request

      Tbd Contraband Pkwy

      Multifamily properties
      0 Tbd Contraband Pkwy, Lake Charles, LA 70601
      View Details
    • Value Estimation by Request
      163,790 SF

      3202 Gerstner Memorial Dr

      Retail properties • 163,790 SF
      3202 Gerstner Memorial Dr, Lake Charles, LA 70601
      View Details

    Similar Nearby for Sale

    • $7,700,000

      Lake Charles Commercial Land

      25+ Acres, Prime Contraband Parkway Location
      TBD Contraband Pkwy, Lake Charles, LA 70601
      View Details
    • $1,100,000

      Lake Charles Commercial Land: 2.7 Acres

      Prime 2.7-acre commercial lot, Contraband Parkway.
      0 Tbd Contraband Pkwy, Lake Charles, LA 70601
      View Details
    • $1,300,000
      4.00 Acres

      Lake Charles Waterfront Commercial Land

      4 Acres, Bayou Frontage, $1.3M
      0 Tbd Off Contraband Pkwy, Lake Charles, LA 70601
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    • $250,000
      0.23 Acres

      Freestanding Commercial Building in Lake Charles

      High-traffic location suitable for restaurant or retail use.
      2500 Kirkman St, Lake Charles, LA 70601
      View Details
    • $420,000

      Lake Charles Restaurant & Land

      Turnkey Restaurant, High Traffic Area
      1221 Martin Luther King Hwy, Lake Charles, LA 70601
      View Details
    • $125,000

      Lake Charles Industrial Property

      Dual-unit commercial/manufacturing land
      2214 Stanton St, Lake Charles, LA 70601
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      163,790 SF

      Oak Park Square: Retail Opportunity

      Lake Charles Retail Center - 7 Spaces Available
      3202 Gerstner Memorial Dr, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      65,636 SF

      951 3Rd Ave

      Retail properties • 65,636 SF
      951 3Rd Ave, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      2,150 SF

      Lake Charles Restaurant Sublease Opportunity

      Prime Retail Space, High Traffic Area, Excellent Lease Terms
      2412 Ryan St, Lake Charles, LA 70601
      View Details
    • $28 SF/Yr
      35,555 SF

      Lake Charles Executive Office Space

      Prime Downtown Lake Charles Office/Retail
      710 Ryan St, Lake Charles, LA 70601
      View Details
    • $11 SF/Yr
      9,180 SF

      Lake Charles Retail Space - 9180 SF

      Free-standing retail building, high visibility.
      2450 Broad St, Lake Charles, LA 70601
      View Details
    • $4,000 /Mo
      3,600 SF

      Retail Space in Mid City

      3,600 SF end cap suite in shopping center.
      308 E Prien Lake Rd, Lake Charles, LA 70601
      View Details
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    Lake Charles, LA 70601
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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.

    More about this property
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