Add Listing
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

    129 Prien Lk Rd Lake Charles, LA 70601-8570

    • Office properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1509926
    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.

    Current Use by Public Records

    • National Communications Inc / Television Studio / Media Distribution
    • FOX29 KVHP / Marketing & Advertising / Advertising Agency
    • CBS Lake Charles / Television Studio / Media Distribution

    Property Details for 129 Prien Lk Rd

    Property type
    Office properties & Spaces
    APN
    781738
    APU
    781738

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.2204
    Latitude
    30.1979
    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
    $2,416
    $14,300
    $10,620
    $24,920
    -
    $143,000
    $70,800
    $213,800

    Comparable in this City

    • Value Estimation by Request

      1520 Cmn St

      OFFICE (GENERAL)
      1520 Cmn St, Lake Charles, LA 70601-6132
      View Details
    • Value Estimation by Request

      1605 Cmn St

      OFFICE (GENERAL)
      1605 Cmn St, Lake Charles, LA 70601-6187
      View Details
    • Value Estimation by Request
      1.12 Acres

      2101 Cmn St

      OFFICE (GENERAL) • 1.12 Acres
      2101 Cmn St, Lake Charles, LA 70601-7420
      View Details
    • Value Estimation by Request

      1514 Cmn St

      OFFICE (GENERAL)
      1514 Cmn St, Lake Charles, LA 70601-6132
      View Details
    • Value Estimation by Request

      3005 Cmn St

      OFFICE (GENERAL)
      3005 Cmn St, Lake Charles, LA 70601-8536
      View Details
    • Value Estimation by Request

      3121 Enterprise Blvd

      OFFICE (GENERAL)
      3121 Enterprise Blvd, Lake Charles, LA 70601-8721
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,485 SF

      Port Printing Building For Sale

      Commercial building in downtown Lake Charles, ideal for office use.
      931 Hodges St, Lake Charles, LA 70601
      View Details
    • $135,000
      1,300 SF

      Updated Office Space in Lake Charles

      Move-in ready office space with modern amenities and convenient parking.
      2905 Hodges St, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      12,000 SF

      Former Catering & Event Venue

      12,000 SF building on 1.08 acre lot for sale.
      1639 Ryan St, Lake Charles, LA 70601
      View Details
    • New
      $799,000
      0.76 Acres

      Lake Charles Commercial Investment Opportunity

      High-visibility commercial property with income and development potential.
      2503 Ryan St, Lake Charles, LA 70601
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Office space for sale with renovations underway, high visibility location.
      3101 Lake 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

    • $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
    • $43,596

      Office Space Available For Rent

      Office space available ranging from 1,210 to 1,300 SqFt.
      1424 Ryan St, Lake Charles, LA 70601
      View Details
    • $1,700 /Mo

      Office Space with Roll-up Door

      1,100 SF office space for lease with roll-up door.
      1830 Ryan St, Lake Charles, LA 70601
      View Details
    • $1,500 /Mo

      Versatile Commercial Space on Prien Lake

      Office plus warehouse/shop space on high-traffic corridor.
      1810 E Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • $2,500 /Mo

      Commercial Space on Ryan Street

      2,000 SF commercial space suitable for office or flex use.
      2800 Deaton 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.
    129 Prien Lk Rd
    Lake Charles, LA 70601-8570
    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.
    Sign Up Successful!
    You now have access to more from Realmo!