Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Contraband Pkwy Lake Charles, LA 70601

    • Land
    • 66.00 lot acres
    For Sale
    View listing
    $16,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Contraband Pkwy

    Lot size
    66.00 lot acres
    Property type
    Land
    Property subtype
    Hospitality properties

    Description

    This exceptional 66-acre commercial land parcel in Lake Charles, Louisiana, presents a unique investment opportunity. Located on Contraband Parkway in Calcasieu Parish (zip code 70601), this property boasts prime waterfront and retail frontage, offering unparalleled access to high-traffic areas. Its strategic location near the Golden Nugget and L'auberge Hotel and Golfing Resorts, along with existing retail and medical facilities, and proximity to I-210, makes it ideal for a diverse range of developments. Permitted zoning is Business, allowing for hospitality, restaurants, recreation, entertainment, retail, multi-family, residential, and water-related projects. The land is priced at $16,400,000, with a land value of $7.31 per square foot. This is a rare chance to acquire a significant tract of land in a thriving Southwest Louisiana market, benefiting from the substantial tourism generated by the nearby casinos and resorts. The property's size and location offer developers exceptional flexibility and potential for significant returns. Serious inquiries are encouraged to explore this remarkable development 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
    -93.2447
    Latitude
    30.2042

    Comparable in this City

    • Value Estimation by Request
      3.85 Acres

      3.85 acres Tbd Contraband Pkwy

      Land • 3.85 Acres
      3.85 acres Tbd Contraband Pkwy, 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
      0.64 Acres

      828 Prien Lake Rd

      Land • 0.64 Acres
      828 Prien Lake Rd, 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
      0.38 Acres

      2712 Kirkman St

      Multifamily properties • 4,978 SF
      2712 Kirkman St, Lake Charles, LA 70601
      View Details

    Similar Nearby for Sale

    • $1,575,000
      3.85 Acres

      Lake Charles Commercial Land - 3.85 Acres

      Prime Contraband Parkway location; ideal for development.
      3.85 acres Tbd Contraband Pkwy, Lake Charles, LA 70601
      View Details
    • $16,400,000
      66.00 Acres

      Lake Charles Waterfront Commercial Land

      66 Acres, Prime Development Opportunity
      0 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
    • $250,000
      0.77 Acres

      Prime Commercial Land, Lake Charles

      0.77-acre lot, I-10 visibility
      302 Church St, 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
    • $420,000

      Lake Charles Restaurant & Land

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

    Similar Nearby for Lease

    • $10 SF/Yr
      18,000 SF

      Lake Charles Industrial Space Available

      18,000 SF Manufacturing Space in LA
      208 Malcolm St, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      435 SF

      Gayle Square Downtown Office Space

      Historic District Office, 435 sq ft
      500 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
    • $5,000 /Mo
      15,700 SF

      Prime Retail Space in Lake Charles

      Retail space in a busy shopping center with ample parking.
      2801 Ryan St, Lake Charles, LA 70601
      View Details
    • $7 SF/Yr
      6,000 SF

      Lake Charles Office Building For Sale/Lease

      6,000 sq ft Office/Warehouse, Great Location
      2501 6Th St, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      19,210 SF

      Lake Charles Executive Office Suites

      Prime Lake Charles Office Space Available
      2122 Hodges St, Lake Charles, LA 70601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Contraband Pkwy
    Lake Charles, LA 70601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.