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Property profile & analytics
FOR LEASE
Retail space

2615 Dillard Loop Lake Charles, LA 70607

0.69 ac lot
Entity Owned 4-yr Hold Free & Clear
Property ID
US36-1501453
Property summary
AI-generated overview

This exceptional commercial property, located at 2615 Dillard Road in Lake Charles, Louisiana, 70607, presents a unique investment opportunity. Previously a restaurant, the building offers 4,765 square feet of heated and cooled space, plus an additional 491 square feet of enclosed area, ideal for various commercial uses. Situated in a high-traffic shopping corridor exceeding 1 million square feet, this location boasts excellent visibility and proximity to major retailers including Wal-Mart, Home Depot, Lowe's, Office Depot, Old Navy, Outback Steakhouse, and United Artists Theatre. Its strategic placement, just a block from Interstate 210 and near the intersection of Dillard Loop and Gerstner Memorial Highway, ensures consistent customer flow. Currently vacant and ready for immediate occupancy, the property is exceptionally priced below its current appraisal. Triple net (NNN) lease terms are available, providing tenants with a transparent and manageable cost structure. This versatile building is perfect for a wide range of commercial enterprises seeking a prominent location in one of Lake Charles' premier retail areas. The asking price is $520,000. This property is classified as Special Purpose, Land.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.69 ac (30,000 SF)
APN 1353539
UPID US36-1501453
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$520k
Owner & transaction history
Camada Properties LLC · 4 yrs held
Camada Properties LLC
since 2021
Last sale
$615,000
3 recorded transactions
2021
Price N/A
2015
$615,000
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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