Sign Up Successful!
You now have access to more from Realmo!
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

    620 Esplanade St Lake Charles, LA 70607

    • Office Properties & Spaces
    For Sale
    View listing
    $3,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0425939
    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

    • United States Government / Government
    • US Interior Department / Conservation Department
    • US Minerals Management Services / Government / County Government Office
    • Dept of Homeland Security / Military Base
    • Book Jr Fred A / Personal Injury Attorney

    Property Details for 620 Esplanade St

    Property type
    Office Properties & Spaces
    APN
    1097555
    APU
    1097555

    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
    -93.2126
    Latitude
    30.166
    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
    $9,792
    $3,380
    $94,020
    $97,400
    -
    $33,800
    $626,800
    $660,600

    Comparable in this City

    • Value Estimation by Request

      4119 Cmn St

      OFFICE (GENERAL)
      4119 Cmn St, Lake Charles, LA 70607-4501
      View Details
    • Value Estimation by Request
      1.12 Acres

      2240 Mcneese St

      OFFICE (GENERAL) • 1.12 Acres
      2240 Mcneese St, Lake Charles, LA 70607-5028
      View Details
    • Value Estimation by Request
      1,440 SF

      10419 Gulf Hwy

      OFFICE (GENERAL) • 1,440 SF
      10419 Gulf Hwy, Lake Charles, LA 70607-8637
      View Details
    • Value Estimation by Request
      1,200 SF

      1039 Hwy 384

      OFFICE (GENERAL) • 1,200 SF
      1039 Hwy 384, Lake Charles, LA 70607-8702
      View Details
    • Value Estimation by Request
      1,008 SF

      961 Hwy 384

      OFFICE (GENERAL) • 1,008 SF
      961 Hwy 384, Lake Charles, LA 70607-8754
      View Details
    • Value Estimation by Request

      615 Gayle St

      OFFICE (GENERAL)
      615 Gayle St, Lake Charles, LA 70607-4621
      View Details

    Similar Nearby for Sale

    • $525,000
      0.85 Acres

      Lake Charles Mixed-Use Development Opportunity

      Commercial property with income and development potential near university.
      3510 Common St, Lake Charles, LA 70607
      View Details
    • $265,000

      Versatile Office Building in Lake Charles

      Adaptable property suitable for office, organizational, or residential use.
      3740 Kirkman St, Lake Charles, LA 70607
      View Details
    • $3,500,000
      5,800 SF

      Multi-Tenant Government Leased Office Building

      Multi-tenant office building with government and state tenants.
      620 Esplanade St, Lake Charles, LA 70607
      View Details
    • $426,600
      35.55 Acres

      Lake Charles Land: 35 Acres

      Prime 35-acre residential lot in Lake Charles, LA.
      0 Cal Cam Line Rd, Lake Charles, LA 70607
      View Details
    • $963,105
      2.01 Acres

      Prime Commercial Land Available

      2.01 acres in Lake Charles Power Center.
      3900 Highway 14, Lake Charles, LA 70607
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Land in Lake Charles

      Cleared residential land for sale in a quiet setting.
      Addison Loop, Lake Charles, LA 70607
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      7,771 SF

      Lake Charles Medical Office Space

      Prime Medical Office Space Available Now
      2625 Dillard Lp, Lake Charles, LA 70607
      View Details
    • $12 SF/Yr
      208,321 SF

      Lake Charles Power Center Retail Space

      Prime Retail Space, I-210 & Hwy 14
      3407 Derek Dr, Lake Charles, LA 70607
      View Details
    • $24 SF/Yr
      1,500 SF

      McNeese Street Retail Endcap

      Lake Charles retail space, 1500 sq ft.
      1520 Mcneese St, Lake Charles, LA 70607
      View Details
    • $5,500 /Mo
      4,712 SF

      Retail Space in Lake Charles

      Retail space available in high-traffic Lake Charles retail corridor.
      2615 Dillard Loop, Lake Charles, LA 70607
      View Details
    • $24 SF/Yr
      43,560 SF

      Retail Space in Petro Point

      Retail suite available for lease in Lake Charles, LA.
      5111 Common St, Lake Charles, LA 70607
      View Details
    • $23 SF/Yr
      15,000 SF

      Lake Charles Retail Opportunity

      Prime Retail Space, High Traffic Area
      1530 Mcneese St, Lake Charles, LA 70607
      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.
    620 Esplanade St
    Lake Charles, LA 70607
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.