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Property profile & analytics
OFF-MARKET
Strip malls
1520 Mcneese St Lake Charles, LA 70607-4782
Entity Owned
10-yr Hold
Free & Clear
Property ID
US36-1477224
Property summary
AI-generated overview
This exceptional Class A retail endcap space, totaling 1,500 square feet, presents a remarkable opportunity for businesses seeking high visibility and convenient access. Located at 1520 E McNeese St in Lake Charles, Louisiana, this property boasts a prime location near the McNeese State University campus, ensuring a steady flow of potential customers. Built in 2018, the single-story building offers an open-concept suite, previously utilized as a sales office, providing a versatile layout adaptable to various business needs. The property is part of a multi-tenant building, fostering a vibrant and collaborative environment. The estimated Net, Net, Net (NNN) expense is $5.00 per square foot. Situated in Calcasieu Parish, Louisiana, with a 70607 zip code, this property benefits from excellent visibility and accessibility. This is an ideal location for businesses seeking a strong presence in a thriving community. Further details are available upon request. Don't miss this chance to establish your business in a prime retail location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
APN
00070882G
UPID
US36-1477224
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fit Body Boot Camp Gym & Fitness Center
-
Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
-
Cyclo Donuts Bakery Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kara Farms LLC · 10 yrs held
Kara Farms LLC
since 2016
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake Charles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Charles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,599
Tax year 2023
Assessed value
$75,590
Assessed 2023
Previous assessed
$75,590
+0.0% YoY
Effective rate
10.05%
On assessed value
Assessed land
$22,800
Assessed improvement
$52,790
Land market value
$228,000
Improvement market value
$351,933
Total market value
$579,933
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Heating
NONE
APN
00070882G
UPID
US36-1477224
Jurisdiction
CALCASIEU
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Kara Farms LLC
Entity
Free & Clear · 10 yrs held
Mailing address
885 SHELL BCH DR, LAKE CHARLES, LA 70601-5701
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2016
$457,941
Kara Farms LLC
Kara Tec LLC
Cash Sale Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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