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

    134 Louie St Lake Charles, LA 70601

    • Commercial real estate
    • 3,236 SF
    For Sale
    View listing
    $212,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1470084
    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

    • Commercial real estate

    Property Details for 134 Louie St

    Property size
    3,236 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a centrally located four-unit apartment building in Lake Charles, Louisiana, at 134 Louie St, zip code 70601. The property comprises two duplexes, each featuring two, two-bedroom, one-bathroom units, totaling 3,236 square feet. Each unit boasts an open floor plan, stained concrete floors, and modern kitchen appliances including a dishwasher, range/oven, and refrigerator. Convenient washer/dryer hookups are also included. Individual fenced rear yards provide privacy for each tenant. Currently, units command monthly rents ranging from $950 to $1,000. Tenants are responsible for their own utilities. The asking price is $425,000, representing a price per unit of $106,250 and a price per square foot of $131.33. The property is offered as a whole, but individual duplex sales may be considered. This presents a strong cash flow potential with low maintenance requirements, making it an ideal addition to any investment portfolio. The property's location in Lake Charles offers easy access to local amenities and services.

    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 Parish
    State
    Louisiana
    Longitude
    -93.220835089882
    Latitude
    30.210009563453

    Comparable in this City

    • $212,500

      Lake Charles Multifamily Investment Property

      Multifamily property in Lake Charles, LA with tenant-friendly features.
      140 Louie St, Lake Charles, LA 70601
      View Details
    • $99,000

      Lake Charles Duplex - $99K

      Renovated Duplex, Great Investment
      1818 4Th St, Lake Charles, LA 70601
      View Details
    • $3,700,000
      11.50 Acres

      Lake Charles Commercial Land

      11.5 Acres, Prime Location, High Visibility
      3D Tbd 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
    • $345,000
      0.38 Acres

      Lake Charles Multifamily Investment

      Three-building complex, high income potential.
      2712 Kirkman St, Lake Charles, LA 70601
      View Details
    • $95,000
      0.27 Acres

      Renovated Duplex Ready for Renters

      Updated duplex with rental income potential in Lake Charles, LA.
      1818 4Th St, Lake Charles, LA 70601
      View Details

    Similar Nearby for Sale

    • $99,000

      Lake Charles Duplex - $99K

      Renovated Duplex, Great Investment
      1818 4Th St, Lake Charles, LA 70601
      View Details
    • $212,500

      Lake Charles Multifamily Investment Property

      Multifamily property in Lake Charles, LA with tenant-friendly features.
      140 Louie St, Lake Charles, LA 70601
      View Details
    • $3,700,000
      11.50 Acres

      Lake Charles Commercial Land

      11.5 Acres, Prime Location, High Visibility
      3D Tbd 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
    • $345,000
      0.38 Acres

      Lake Charles Multifamily Investment

      Three-building complex, high income potential.
      2712 Kirkman St, Lake Charles, LA 70601
      View Details
    • $95,000
      0.27 Acres

      Renovated Duplex Ready for Renters

      Updated duplex with rental income potential in Lake Charles, LA.
      1818 4Th St, Lake Charles, LA 70601
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      8 SF

      Mobile Home Park for Rent

      Approximately 90-slip mobile home park with utilities on site.
      5711 Broad 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
    • $28 SF/Yr
      35,555 SF

      Lake Charles Executive Office Space

      Prime Downtown Lake Charles Office/Retail
      710 Ryan St, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      1,000 SF

      Grocery Anchored Shopping Center Space

      Prime retail space in Lake Charles's premier shopping destination.
      2950 Ryan St, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      65,636 SF

      951 3Rd Ave

      Retail properties • 65,636 SF
      951 3Rd Ave, 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.
    134 Louie St
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.