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    603 Prien Lake Rd Lake Charles, LA 70601
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    Property profile & analytics

    603 Prien Lake Rd Lake Charles, LA 70601

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    • Neighborhood centers
    • 16,450 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Louisiana Army National Guard Recruiting Office / Military Recruiting Office
    • Tony Houseman Homes - Home Builder, Construction, Lake Charles / Construction Company / General Contractor
    • Cajun Jeaux's / Bar & Pub

    Property Details for 603 Prien Lake Rd

    Property size
    16,450 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Magnolia Square Shopping Center, located at 603 W Prien Lake Rd, Lake Charles, LA 70601, presents a prime retail opportunity in a thriving Calcasieu Parish location. This 16,450 square foot strip center currently has 1,415 square feet of vacant space available, perfect for a variety of businesses. The available space totals 2,228 square feet and is ready for immediate occupancy, having recently undergone renovations. The shopping center itself boasts a newly refreshed exterior with a fresh coat of paint, enhancing its curb appeal and attracting customers. This busy shopping center enjoys high visibility and traffic, benefiting from its established tenant mix which includes Zeus, Milani Nail Bar, M.B. Rich Jewelry, Painting With A Twist, Legacy 75 Cigar Bar, Suit Up, Just 4 Him, and the National Guard Office. The property's strategic location in Lake Charles offers excellent access to a large customer base and provides a strong foundation for business growth. This is the last available space in this highly sought-after center. Don't miss this chance to secure a prominent retail presence in a vibrant and successful shopping destination. Contact us today to learn more about this exceptional opportunity.

    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 Parish
    State
    Louisiana
    Longitude
    -93.2284
    Latitude
    30.1976

    Comparable in this City

    • Value Estimation by Request

      724 Prien Lk Rd Ste A

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    • Value Estimation by Request

      1033 Prien Lk Rd

      SHOPPING CENTER, STRIP CENTER
      1033 Prien Lk Rd, Lake Charles, LA 70601-8752
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      313 Broad St

      SHOPPING CENTER, STRIP CENTER
      313 Broad St, Lake Charles, LA 70601-4223
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      2615 Gerstner Memorial Dr

      SHOPPING CENTER, STRIP CENTER
      2615 Gerstner Memorial Dr, Lake Charles, LA 70601-8071
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    • Value Estimation by Request

      308 Prien Lk Rd

      SHOPPING CENTER, STRIP CENTER
      308 Prien Lk Rd, Lake Charles, LA 70601-8505
      View Details
    • Value Estimation by Request

      1419 Prien Lk Rd

      SHOPPING CENTER, STRIP CENTER
      1419 Prien Lk Rd, Lake Charles, LA 70601-8855
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Grocery-Anchored Retail Center For Sale

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      65,636 SF

      Grocery-Anchored Retail Center For Sale

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    • $630,000

      Lake Charles Commercial Property For Sale

      5,600 SF commercial property with warehouse and office space.
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      Freestanding Commercial Building in Lake Charles

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    Similar Nearby for Lease

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      Retail/Restaurant Space For Lease

      Retail or restaurant space available for lease.
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      Prime Retail Space in Lake Charles

      Retail space in a busy shopping center with ample parking.
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    • $4,000 /Mo

      Retail Space in Mid City

      3,600 SF end cap suite in shopping center.
      308 E Prien Lake Rd, Lake Charles, LA 70601
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      Rebuilt Shopping Center For Lease

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      1,400 SF

      Retail Space in Prien Lake

      Retail space available in market-dominant Prien Lake Shopping Center.
      1752 W Prien Lake Rd, Lake Charles, LA 70601
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      Retail Space in Busy Center

      Renovated retail space available in a busy Lake Charles shopping center.
      603 W 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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    603 Prien Lake Rd, Lake Charles, LA, 70601
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