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    308 E Prien Lake Rd Lake Charles, LA 70601

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    308 E Prien Lake Rd Lake Charles, LA 70601

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    • Strip malls
    For Lease
    $4,000/Mo
    View Listing →
    Retail Space in Mid City 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 Road, Lake Charles, LA 70601
    View Listing
    Property ID
    US36-1406080
    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

    • D-BAT Lake Charles / Arcade & Gaming Center / Sports Field & Court
    • The Parlor House / Hair Salon

    Property Details for 308 E Prien Lake Rd

    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    424935
    APU
    424935

    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
    -93.2182
    Latitude
    30.1979
    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
    $5,238
    $35,480
    $16,620
    $52,100
    -
    $354,800
    $110,800
    $465,600

    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

      1419 Prien Lk Rd

      SHOPPING CENTER, STRIP CENTER
      1419 Prien Lk Rd, Lake Charles, LA 70601-8855
      View Details
    • Value Estimation by Request

      1105 Prien Lk Rd

      SHOPPING CENTER, STRIP CENTER
      1105 Prien Lk Rd, Lake Charles, LA 70601-8754
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      65,636 SF

      Grocery-Anchored Retail Center For Sale

      Value-add retail center, 65,636 SF, auction April 13-15, 2026.
      929 3Rd Ave, Lake Charles, LA 70601
      View Details
    • $750,000
      65,636 SF

      Grocery-Anchored Retail Center For Sale

      65,636 SF multi-tenant retail center in Lake Charles, Louisiana.
      929 3Rd Ave, Lake Charles, LA 70601
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    • $250,000

      Freestanding Commercial Building in Lake Charles

      High-traffic location, partially built-out restaurant space, turnkey opportunity.
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      Downtown Lake Charles Commercial Building

      Two-story commercial building in a vibrant downtown location.
      720 Ryan St, Lake Charles, LA 70601
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    • $799,000
      0.76 Acres

      Lake Charles Commercial Investment Opportunity

      High-visibility commercial property with income and development potential.
      2503 Ryan St, Lake Charles, LA 70601
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      High-Visibility Commercial Property with Income Potential

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    Similar Nearby for Lease

    • $4,000 /Mo

      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
    • Contact for pricing
      2,500 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
    • Contact for pricing

      Rebuilt Shopping Center For Lease

      Rebuilt shopping center with big box opportunity along Gerstner Memorial.
      3202 Gerstner Memorial Dr, Lake Charles, LA 70601
      View Details
    • Contact for pricing
      1,400 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
    • Contact for pricing

      Retail Space in Busy Center

      Renovated retail space available in a busy Lake Charles shopping center.
      603 W Prien Lake Rd, Lake Charles, LA 70601
      View Details
    • $1,000 /Mo

      Remodeled Office Space with Exposure

      440 SF office space with frontage on Ryan Street.
      3313 Ryan St, Lake Charles, LA 70601
      View Details
    View Listing
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    Lake Charles, LA 70601
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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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