Technical
Financial
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Property profile

1515 Cmn St Lake Charles, LA 70601

OFF-MARKET
Office Spaces
Property ID
US36-0073378
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 1515 Common Street in Lake Charles, Louisiana, presents a unique investment opportunity. The 1,348 square foot building sits on a 0.23-acre lot and is offered at $225,000. This updated cottage-style structure boasts vintage charm with hardwood floors and skeleton key doors, blended with modern updates. Features include a spacious lobby/reception area, three office rooms, a half bath, a full kitchen, and a conference/inventory room. Convenient amenities include a drive-around front and rear concrete parking area, a back loading ramp, and an inviting covered front porch with locking storage. The property has been meticulously maintained, showcasing professional landscaping and an outdoor lighting irrigation system. Recent improvements include a new roof, fresh paint throughout, and a complete Pex plumbing update. The building's history includes successful use as a boutique and a law office, highlighting its versatility. High traffic and visibility on Common Street ensure excellent exposure for any business. Most furnishings are included in the sale. This is an ideal location for a variety of commercial ventures. The property's MLS number is SWL24006107. The building was constructed in 1971.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
APN 00608114A
UPID US36-0073378

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1515 Cmn St Lake Charles, LA 70601-6131
Lake Charles metro Census 100 LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$160k

Owner & transaction history

since 2025
Last sale
$212,500
2 recorded transactions
2025
$212,500
2022
$210,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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