Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3403 Patrick St Lake Charles, LA 70605-1715

    • Strip malls
    OFF-MARKET
    Last Sale
    Mar 03, 2023
    $375,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1416335
    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

    • Brashear Law / Law Firm
    • Woods Counseling Services / Counselor / Family Counselor

    Property Details for 3403 Patrick St

    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    281417
    APU
    281417

    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
    -93.2165
    Latitude
    30.1958
    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
    $3,614
    $1,350
    $34,600
    $35,950
    -
    $13,500
    $230,667
    $244,167

    Comparable in this City

    • Value Estimation by Request

      201 College St

      SHOPPING CENTER, STRIP CENTER
      201 College St, Lake Charles, LA 70605-1625
      View Details
    • Value Estimation by Request

      604 Mcneese St

      SHOPPING CENTER, STRIP CENTER
      604 Mcneese St, Lake Charles, LA 70605-5530
      View Details
    • Value Estimation by Request

      4626 Nelson Rd

      SHOPPING CENTER, STRIP CENTER
      4626 Nelson Rd, Lake Charles, LA 70605-5361
      View Details
    • Value Estimation by Request

      3809 Ryan St

      SHOPPING CENTER, STRIP CENTER
      3809 Ryan St, Lake Charles, LA 70605-2815
      View Details
    • Value Estimation by Request

      3611 Ryan St

      SHOPPING CENTER, STRIP CENTER
      3611 Ryan St, Lake Charles, LA 70605-1609
      View Details
    • Value Estimation by Request

      4403 Lk St

      SHOPPING CENTER, STRIP CENTER
      4403 Lk St, Lake Charles, LA 70605-4311
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lake Charles Professional Office Space

      Professional office space in desirable Lake Charles business district.
      2640 Country Club Rd, Lake Charles, LA 70605
      View Details
    • Contact for pricing

      Prime Office Space Available

      Exceptional professional office space in a sought-after Lake Charles business district.
      2624 Country Club Rd, Lake Charles, LA 70605
      View Details
    • $1,500,000
      0.44 Acres

      Prime Commercial Location on Ryan Street

      High-visibility 4,875 sq ft building near McNeese State University.
      3800 Ryan St, Lake Charles, LA 70605
      View Details
    • $1,589,940
      2.92 Acres

      W. Prien Lake Road

      Retail space • 2.92 Acres
      0 Prien Lake Rd, Lake Charles, LA 70605
      View Details
    • $329,999
      1.00 Acres

      Lake Charles Acreage Development Opportunity

      One-acre lot near commercial area, ideal for development.
      5146 Elliot, Lake Charles, LA 70605
      View Details
    • $210,000
      0.51 Acres

      Waterfront Lot in Lake Charles

      0.51-acre waterfront lot to build your dream home.
      3904 Buccaneer Ln, Lake Charles, LA 70605
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      7,200 SF

      Country Club Plaza Retail Opportunity

      High-traffic retail space, Lake Charles
      4459 Nelson Rd, Lake Charles, LA 70605
      View Details
    • $10 SF/Yr
      97,713 SF

      115 Mcneese St

      Neighborhood centers • 97,713 SF
      115 Mcneese St, Lake Charles, LA 70605
      View Details
    • Contact for pricing
      6,600 SF

      Lake Charles Shopping Center Space

      Grocery-anchored shopping center with national tenants and available space.
      4068-4082 Ryan St, 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
    • $34 SF/Yr

      Mixed-Use Development in Lake Charles

      Retail, restaurant, and office opportunities in a mixed-use development.
      Tbd Contraband Pkwy, Lake Charles, LA 70605
      View Details
    • $24 SF/Yr

      Retail Space on Nelson Road

      Retail space available in high-traffic Lake Charles retail corridor.
      4540 Nelson Rd, 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.
    3403 Patrick St
    Lake Charles, LA 70605-1715
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!