Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1016 Martin Luther King Hwy Lake Charles, LA 70601-2046
    Back to Search
    Property profile & analytics

    1016 Martin Luther King Hwy, Lake Charles, LA 70601-2046

    View on Map
    • Hotels
    • 1.39 lot acres
    Off-Market
    Property ID
    US36-0217421
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATM (ATM Link, Inc.) / Atm
    • Golden Nugget / Hotel & Motel
    • Comfort Suites Lake Charles / Hotel & Motel
    • Mcneese state university / High School

    Property Details for 1016 Martin Luther King Hwy

    Lot size
    1.39 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    00402125C
    APU
    00402125C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.1795
    Latitude
    30.2511
    CBSA code
    29340
    CBSA name
    LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $53,359
    $26,740
    $434,920
    $461,660
    -
    $267,400
    $2,899,467
    $3,166,867

    Comparable in this City

    • Value Estimation by Request

      401 Lk Shr Dr

      HOTEL/MOTEL
      401 Lk Shr Dr, Lake Charles, LA 70601-4286
      View Details
    • Value Estimation by Request

      3231 Lk St

      HOTEL/MOTEL
      3231 Lk St, Lake Charles, LA 70601-8339
      View Details
    • Value Estimation by Request

      2995 Lauberge Ave

      HOTEL/MOTEL
      2995 Lauberge Ave, Lake Charles, LA 70601-9030
      View Details
    • Value Estimation by Request

      607 Prien Lk Rd

      HOTEL/MOTEL
      607 Prien Lk Rd, Lake Charles, LA 70601-8611
      View Details
    • Value Estimation by Request

      2550 Golden Nugget Blvd

      HOTEL/MOTEL
      2550 Golden Nugget Blvd, Lake Charles, LA 70601-9031
      View Details
    • Value Estimation by Request

      1000 Lk Shr Dr

      HOTEL/MOTEL
      1000 Lk Shr Dr, Lake Charles, LA 70601-2122
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      354,142 SF

      Lake Charles Hotel/Motel Property

      Hotel/motel near I-10, downtown, casinos, and medical facilities.
      2700 Broad St, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      0.27 Acres

      Vacant Lot in Lake Charles

      0.27-acre lot ideal for new construction or investment.
      614 Beam St, Lake Charles, LA 70601
      View Details
    • $89,900
      0.29 Acres

      Residential Land in Terre Sainte

      Residential land for sale in Lake Charles' Terre Sainte.
      1206 St, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      0.11 Acres

      Vacant Lot in Lake Charles

      Cleared lot ready for building in Lake Charles, LA.
      2105 Hagan St, Lake Charles, LA 70601
      View Details
    • $250,000

      Freestanding Commercial Building in Lake Charles

      High-traffic location, partially built-out restaurant space, turnkey opportunity.
      2500 Kirkman St, Lake Charles, LA 70601
      View Details
    • Contact for pricing

      Downtown Lake Charles Commercial Building

      Two-story commercial building in a vibrant downtown location.
      720 Ryan St, Lake Charles, LA 70601
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      14,680 SF

      Office Space Near Prien Lake

      Office space for lease near the mall on Prien Lake.
      226 W Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • Contact for pricing

      Retail/Office Space in Lake Charles

      Remodeled suite in Mid City Shopping Center with ample parking.
      3313 Ryan St, Lake Charles, LA 70601
      View Details
    • Contact for pricing

      Professional Office Space For Lease

      3,411 sq ft office space in prime location.
      1800 Ryan St, Lake Charles, LA 70601
      View Details
    • $1.00 SF/Yr

      Mobile Home Park for Rent

      Approximately 90-slip mobile home park with utilities on site.
      Lake St, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      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
      View Details
    • $3,500 /Mo

      Office Space Near I-210

      2,000 SF office space with convenient highway access.
      Lake 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.
    1016 Martin Luther King Hwy
    Lake Charles, LA 70601-2046
    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

    Thank You for Inquiry
    1016 Martin Luther King Hwy, Lake Charles, LA, 70601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!