Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    300 Mcneese St Lake Charles, LA 70605-5700
    Back to Search
    Property profile & analytics

    300 Mcneese St Lake Charles, LA 70605-5700

    View on Map
    • Commercial land
    Off-Market
    Last Sale Sep 13, 2024
    $56,500
    Property ID
    US36-1422166
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Paul Revere Life Insurance Co / Insurance Agency
    • Velocity Squared, LLC / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Territa Nanette / Counselor / Doctor
    • FedEx Drop Box / Postal Service / Courier Service
    • Gerald E. Windham, LCSW / Physician

    Property Details for 300 Mcneese St

    Property type
    Commercial land
    APN
    534951
    APU
    534951

    Description

    This exceptional Class A retail development, located at 300 W McNeese St, Lake Charles, LA 70605, presents a unique investment opportunity. Completed in 2024, this single-story building offers 6,600 square feet of retail space, divided into five suites, each a minimum of 1,320 square feet. The property boasts a highly desirable location directly across from McNeese State University, ensuring high visibility and foot traffic. With an estimated 22,400+ vehicles passing daily, this location benefits from significant exposure to potential customers. The surrounding area is vibrant, featuring a mix of entertainment venues, residential neighborhoods, and established businesses, creating a strong and diverse customer base. Construction is underway, with the center expected to be finished early in 2024. The building features no elevators, reflecting its single-story design. This property is situated in Calcasieu Parish and offers a compelling opportunity for investors seeking a high-traffic, well-located retail space in a thriving Louisiana market. The property is ideal for multiple tenants seeking a modern, well-constructed space in a dynamic area. This is a rare chance to secure a prime retail location in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Charles
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.2177
    Latitude
    30.1758
    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
    $2,475
    $25,530
    $0.00
    $25,530
    -
    $255,300
    $0.00
    $255,300

    Comparable in this City

    • Value Estimation by Request

      Brinlee Rd

      VACANT COMMERCIAL LAND
      Brinlee Rd, Lake Charles, LA 70605
      View Details
    • Value Estimation by Request

      1874 Easy St

      VACANT COMMERCIAL LAND
      1874 Easy St, Lake Charles, LA 70605-0418
      View Details
    • Value Estimation by Request
      1.20 Acres

      Easy St

      VACANT COMMERCIAL LAND • 1.20 Acres
      Easy St, Lake Charles, LA 70605
      View Details
    • Value Estimation by Request

      4306 Ihles Rd

      VACANT COMMERCIAL LAND
      4306 Ihles Rd, Lake Charles, LA 70605-3900
      View Details
    • Value Estimation by Request
      30.00 Acres

      Lake

      VACANT COMMERCIAL LAND • 30.00 Acres
      Lake, Charles, LA 70605
      View Details
    • Value Estimation by Request

      4500 Lk St

      VACANT COMMERCIAL LAND
      4500 Lk St, Lake Charles, LA 70605-5414
      View Details

    Similar Nearby for Sale

    • $5,493,360

      South Lake Charles Prime Acres

      8.4 acres of commercial land in South Lake Charles.
      2501 Country Club Rd, Lake Charles, LA 70605
      View Details
    • Contact for pricing

      Commercial Corner Lot For Sale

      Prime commercial corner lot near major retail and I-210.
      at Swanson W Prien Lake Rd, Lake Charles, LA 70605
      View Details
    • Contact for pricing

      Prime Land Parcel on I-210

      18.3-acre parcel near I-210, ideal for development.
      2300 W Prien Lake Rd, Lake Charles, LA 70605
      View Details
    • Contact for pricing

      Commercial Acreage in HR Crossing

      4.75 acres ready for development in Lake Charles, LA.
      Charles LA Nelson Rd Tract 1 Lk, Lake Charles, LA 70605
      View Details
    • $190,000
      0.39 Acres

      McNeese Street Corner Lot

      High-visibility corner lot with potential for commercial rezoning.
      1305 W Mcneese St, Lake Charles, LA 70605
      View Details
    • $65,000
      0.45 Acres

      Lake Charles Land For Sale

      Land for sale in Lake Charles, Louisiana.
      5833 Perry Ln, Lake Charles, LA 70605
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Near McNeese State University

      Land available for lease near McNeese State University.
      Country Clb Rd At Nelson Rd, Lake Charles, LA 70605
      View Details
    • Contact for pricing
      1,055 SF

      Lake Charles Shopping Center Space

      Grocery-anchored shopping center space available for lease.
      4040-4066 Ryan St, Lake Charles, LA 70605
      View Details
    • $20 SF/Yr

      Dominion Plaza Retail/Office Space

      Retail/office space in high-growth area with strong visibility.
      5400 Nelson Rd, Lake Charles, LA 70605
      View Details
    • Contact for pricing

      Renovated Office and Retail Spaces

      Recently renovated office and retail spaces with high traffic exposure.
      3729 Ryan St, Lake Charles, LA 70605
      View Details
    • Contact for pricing

      Rouses Market Anchored Retail Space

      Retail space in Lake Charles, Louisiana, anchored by Rouses Market.
      5685 Nelson Rd, Lake Charles, LA 70605
      View Details
    • Contact for pricing

      Updated Retail Spaces Available

      Retail spaces available with recent facade updates and flexible layouts.
      3517 Ryan St, Lake Charles, LA 70605
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    300 Mcneese St
    Lake Charles, LA 70605-5700
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    300 Mcneese St, Lake Charles, LA, 70605
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!