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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1424 Oak Park Blvd Lake Charles, LA 70601

    • Commercial real estate
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1392811
    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 1424 Oak Park Blvd

    Lot size
    0.09 lot acres
    Property type
    Commercial real estate
    APN
    00366846

    Description

    This exceptional investment opportunity presents a 0.09-acre commercial lot located at 1424 Oak Park Blvd, Lake Charles, LA 70601. The property, identified by APN 00366846, is zoned for commercial use (Com) and offers unparalleled accessibility due to its proximity to Highway 14 and Interstate 210. Its strategic location near Memorial Hospital and McNeese State University makes it ideal for a variety of commercial ventures, including medical offices or start-up businesses. Situated in Flood Zone X, the property is exempt from mandatory flood insurance, adding to its investment appeal. The asking price for this prime corner lot is $45,000. This presents a rare chance to acquire a piece of land in Lake Charles' thriving business environment. The lot size is 0.09 acres, providing ample space for development. This property offers significant potential for investors seeking a strong return on investment in a desirable location. The Calcasieu Parish location provides access to a robust local economy and a growing population. Don't miss this opportunity to secure a piece of Lake Charles' future.

    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
    -93.200185422506
    Latitude
    30.203257213017

    Comparable in this City

    • $7,700,000

      Lake Charles Commercial Land

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    • $16,400,000
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      Lake Charles Waterfront Commercial Land

      66 Acres, Prime Development Opportunity
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    • $435,600

      Commercial Land on Prien Lake

      0.5 acre lot on a major thoroughfare.
      149 W Prien Lake Rd, Lake Charles, LA 70601
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    • $765,000

      Prime Land Near Interstate 10

      0.8 acres of commercial land with I-10 access.
      Nec Church & Ryan, Lake Charles, LA 70601
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      0.11 Acres

      Development Ready Lot For Sale

      Well-located lot ready for development with city sewer tap.
      2 Common St, Lake Charles, LA 70601
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      0.09 Acres

      Vacant Lot in Lake Charles

      Vacant lot suitable for building or investment in Lake Charles.
      412 V E Washington St E Washington, Lake Charles, LA 70601
      View Details

    Similar Nearby for Sale

    • $7,700,000

      Lake Charles Commercial Land

      25+ Acres, Prime Contraband Parkway Location
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    • $16,400,000
      66.00 Acres

      Lake Charles Waterfront Commercial Land

      66 Acres, Prime Development Opportunity
      0 Contraband Pkwy, Lake Charles, LA 70601
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    • $435,600

      Commercial Land on Prien Lake

      0.5 acre lot on a major thoroughfare.
      149 W Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • $765,000

      Prime Land Near Interstate 10

      0.8 acres of commercial land with I-10 access.
      Nec Church & Ryan, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      0.11 Acres

      Development Ready Lot For Sale

      Well-located lot ready for development with city sewer tap.
      2 Common St, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      0.09 Acres

      Vacant Lot in Lake Charles

      Vacant lot suitable for building or investment in Lake Charles.
      412 V E Washington St E Washington, Lake Charles, LA 70601
      View Details

    Similar Nearby for Lease

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      Lake Charles Executive Office Space

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      1,000 SF

      Grocery Anchored Shopping Center Space

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    1424 Oak Park Blvd
    Lake Charles, LA 70601
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    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
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