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Property profile & analytics
OFF-MARKET
Land

3521 Derek Dr Lake Charles, LA 70607

11.37 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 11.37-acre commercial land parcel presents a unique investment opportunity in Lake Charles, Louisiana. Located at 3521 Derek Dr, 70607, this property boasts a highly desirable location within Calcasieu County's thriving retail hub. The site is strategically positioned at the intersection of I-210 and Hwy 14 (Gerstner Memorial Dr.), ensuring exceptional visibility and accessibility. Surrounding the property are major retailers including Walmart, Home Depot, Lowe's, Party City, and Office Depot, demonstrating the area's strong retail performance and high consumer traffic. The land is zoned for commercial use and is an outparcel directly adjacent to the newly constructed Academy Sports + Outdoors, which anchors the Lake Charles Power Center. This center also includes Old Navy, Shoe Carnival, and Michaels, further solidifying the area's retail strength. The asking price is $850,000, with a land value of $74,758 per square foot. This presents a compelling opportunity for developers seeking to capitalize on the robust retail environment and high-demand location. The lease expiration date for any existing leases is June 29, 2025. This prime commercial land offers significant potential for a variety of development projects.

Property profile
Verified
Property type Land
Lot 11.37 ac (495,277 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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