112 11th St Lake Charles, LA 70601-6035
Property profile & analytics
112 11th St Lake Charles, LA 70601-6035
- Warehouses
- 0.00 lot acres
Property ID
US36-1450179
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.
Location Intelligence
Current Use by Public Records
- Bayou Storage Downtown UHAUL + Packing / Shipping Supplies / Storage Facility
- U-Haul Neighborhood Dealer / Car Rental Facility
- Kimmiekaysdollhouse (Body contouring specialist) (Eyelash extension specialist) / Spa & Massage Center / Gym & Fitness Center
Property Details for 112 11th St
- Lot size
- 0.00 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 1299204
- APU
- 1299204
Description
This exceptional 70,050 square foot self-storage portfolio, located in Lake Charles, Louisiana, presents a compelling investment opportunity. Comprising two properties at 112 W 11th St and 2859 Ernest St, this 11-building, single-story complex boasts a total of 70,050 net rentable square feet situated on 2.97 acres. Built in 1998 and renovated in 2022, the portfolio currently enjoys a 71.86% occupancy rate, generating a net operating income (NOI) of $366,920, representing a 6.92% cap rate. Pro forma projections indicate a significant increase in NOI to $404,489 and a 7.63% cap rate, highlighting the substantial upside potential. The asking price is $5,300,000, translating to a price per square foot of $76, well below replacement cost in this rapidly growing market. Lake Charles, the fifth largest city in Louisiana, experienced a remarkable 17.9% population growth between 2010 and 2020. Its strategic location along the Gulf Coast, coupled with a robust energy sector, including major petrochemical and natural gas processing plants and significant LNG investments, ensures a stable and expanding economic base. The city benefits from well-developed infrastructure, including the Port of Lake Charles, a major US port facilitating energy product transportation. This combination of strong current performance, significant growth potential, and a favorable economic environment makes this portfolio an attractive investment.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lake Charles
- County
- Calcasieu
- State
- Louisiana
- Longitude
- -93.2204
- Latitude
- 30.2147
- 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
$18,005
$12,950
$142,830
$155,780
-
$129,500
$952,200
$1,081,700
