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

    1528 Prien Lk Rd Lake Charles, LA 70601-8978

    • Strip malls
    OFF-MARKET
    Last Sale
    Apr 11, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0558097
    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

    • Chris Gaudet Insurance / Insurance Agency
    • Dr. Jerome J. Arimura, MD / Physician
    • Eric A. Harroun, DC / Alternative Medicine Practice
    • Advanced Medical and Diagnostic Center / Medical Clinic
    • Ted Barnowski / Alternative Medicine Practice

    Property Details for 1528 Prien Lk Rd

    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    365823
    APU
    365823

    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
    -93.1993
    Latitude
    30.1978
    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
    $4,339
    $33,250
    $9,910
    $43,160
    -
    $332,500
    $66,067
    $398,567

    Comparable in this City

    • Value Estimation by Request

      724 Prien Lk Rd Ste A

      SHOPPING CENTER, STRIP CENTER
      724 Prien Lk Rd Ste A, Lake Charles, LA 70601-8789
      View Details
    • Value Estimation by Request

      1033 Prien Lk Rd

      SHOPPING CENTER, STRIP CENTER
      1033 Prien Lk Rd, Lake Charles, LA 70601-8752
      View Details
    • Value Estimation by Request

      313 Broad St

      SHOPPING CENTER, STRIP CENTER
      313 Broad St, Lake Charles, LA 70601-4223
      View Details
    • Value Estimation by Request

      2615 Gerstner Memorial Dr

      SHOPPING CENTER, STRIP CENTER
      2615 Gerstner Memorial Dr, Lake Charles, LA 70601-8071
      View Details
    • Value Estimation by Request

      308 Prien Lk Rd

      SHOPPING CENTER, STRIP CENTER
      308 Prien Lk Rd, Lake Charles, LA 70601-8505
      View Details
    • Value Estimation by Request

      1419 Prien Lk Rd

      SHOPPING CENTER, STRIP CENTER
      1419 Prien Lk Rd, Lake Charles, LA 70601-8855
      View Details

    Similar Nearby for Sale

    • $630,000

      Lake Charles Commercial Property For Sale

      5,600 SF commercial property with warehouse and office space.
      1301 E Prien Lake Rd, Lake Charles, LA 70601
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    • $7,700,000

      Lake Charles Commercial Land

      25+ Acres, Prime Contraband Parkway Location
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    • $497,500
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      Downtown Lake Charles Retail Opportunity

      Prime commercial property in downtown Lake Charles, ideal for business.
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    • $199,900

      Commercial Space with Residential Apartment

      Mixed-use property near Prien Lake Mall with income potential.
      3310 Creole St, Lake Charles, LA 70601
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    • $325,000
      1,950 SF

      Downtown Lake Charles Commercial Building

      Commercial building in downtown Lake Charles, suitable for various businesses.
      1640 Ryan St, Lake Charles, LA 70601
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    • $250,000
      0.23 Acres

      Freestanding Commercial Building in Lake Charles

      High-traffic location suitable for restaurant or retail use.
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    Similar Nearby for Lease

    • $4,000 /Mo
      3,600 SF

      Retail Space in Mid City

      3,600 SF end cap suite in shopping center.
      308 E Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • $20 SF/Yr
      16,450 SF

      Magnolia Square Retail Center

      Lake Charles Retail Space Available
      603 Prien Lake Rd, 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
    • $5,000 /Mo
      15,700 SF

      Prime Retail Space in Lake Charles

      Retail space in a busy shopping center with ample parking.
      2801 Ryan St, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      1,550 SF

      Retail Space in Prien Lake

      Retail space available in market-dominant Prien Lake Shopping Center.
      1752 W Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • $7,535 /Mo
      2,150 SF

      Retail Space on Ryan Street

      Retail space for lease on a major commercial corridor.
      2412 Ryan St, Lake Charles, LA 70601
      View Details
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    1528 Prien Lk Rd
    Lake Charles, LA 70601-8978
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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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