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

    10405 Ellerbe Rd Shreveport, LA 71106

    Sponsored
    For Sale
    $395,000

    Improved Land - Shreveport, LA

    Lot size:
    1.88 Acres
    Days on Market:
    27
    Last Refresh:
    Feb 7 at 6:06 am

    Property Features for 10405 Ellerbe Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    161316030000100
    Lot size
    1.88 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Susannah Hodges

    Susannah Hodges, LLC (318) 505-2875

    Listing agent Susannah Hodges (318) 505-2875 License #0995684198

    Listing date Jan 12, 2026

    MLS# 21124096 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Homesite on Ellerbe Road

    This is a rare opportunity to own a homesite just under 2 acres on Ellerbe Road near Bob White Lane. Surrounded by well-established estate properties, this parcel offers an exceptional setting for a custom residence, enhanced by an existing private gate that provides a sense of exclusivity and privacy. The land features mature trees and natural landscaping. Located just outside city limits, it is conveniently close to grocery stores, hospitals, schools, and shopping. The property is 1.879 acres and includes septic and well. Opportunities to acquire acreage of this caliber in such a setting are rare.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Skin Care Clinic Accounting Firm HVAC Service Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.69987168
    Latitude
    32.37290601

    Nearby Similar for Sale

    • $799,900
      0.28 Acres

      Shreveport Nightclub and Event Venue

      Turn-key nightclub and event venue in downtown Shreveport.
      1605 Marshall St, Shreveport, LA 71101
      View Details
    • $2,657,500
      1.83 Acres

      Equipped Auto Repair Facility

      Turnkey auto repair facility with lifts and updated features.
      1033 W 70Th St, Shreveport, LA 71106
      View Details
    • New
      $695,000
      11,810 SF

      Shreveport Retail/Office Opportunity

      Expansive commercial property with high visibility and flexible space.
      2430 Line Ave, Shreveport, LA 71104
      View Details
    • $205,000
      0.13 Acres

      Shreveport Triplex with Income Potential

      Triplex featuring two income-producing units and one storage unit.
      400 Washington St, Shreveport, LA 71104
      View Details
    • $675,000
      1.88 Acres

      High-Visibility Retail Opportunity in Shreveport

      Versatile commercial building with high traffic and convenient access.
      1837 N Market St, Shreveport, LA 71107
      View Details
    • $249,900
      0.30 Acres

      Remodeled Commercial Property on Corner

      Modern, adaptable commercial space with high visibility and accessibility.
      9099 Mansfield Rd, Shreveport, LA 71118
      View Details
    • $650,000
      0.20 Acres

      Two-Story Office Building in Shreveport

      Two-story commercial office building with 12 units in Shreveport.
      3218 Line Ave, Shreveport, LA 71104
      View Details
    • $89,000
      1,869 SF

      Shreveport Office and Retail Space

      Office and retail space less than 2 miles from downtown.
      1130 N Market St, Shreveport, LA 71107
      View Details
    • $400,000
      0.47 Acres

      Versatile Office Space in Shreveport

      4,000 sq ft office space with ample parking.
      721 Snow St, Shreveport, LA 71101
      View Details
    • $675,000
      1.76 Acres

      Shreveport Office Building For Sale

      6133 SF office building in Shreveport, LA, built in 2000.
      3312 North Market St, Shreveport, LA 71107
      View Details
    • $475,000
      0.23 Acres

      Shreveport Swimming Pool Business Opportunity

      Swimming pool business with building and inventory for sale.
      3320 N Market St, Shreveport, LA 71107
      View Details
    • $139,900
      0.91 Acres

      Spacious Commercial Property on Corner Lot

      6983 SF commercial property on corner lot with ample parking.
      4140 Hollywood Ave, Shreveport, LA 71109
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare 1.879-acre homesite near Bob White Lane in Shreveport, LA.
    Where is this residential land & home lot located?
    The property is located at 10405 Ellerbe Rd Shreveport, LA.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Rare, almost 2-acre homesite on Ellerbe Road near Bob White Lane.; - Located in a prestigious area surrounded by well-established estate properties.; - Existing private gate provides immediate exclusivity and privacy.
    (318) 505-2875
    Request Owner's contact information
    10405 Ellerbe Rd Shreveport, LA 71106
    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.
    10405 Ellerbe Rd
    Shreveport, LA 71106
    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
    10405 Ellerbe Rd Shreveport, LA 71106
    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

    We can help!
    Listing Contact
    Susannah Hodges
    Real Estate License ID: 0995684198
    (318) 505-2875
    Learn more
    Google sign-in failed. Please try again or use another login method.