Flex Space with Office and
For Sale
$237,000
726 Edgemont Street, Shreveport, LA 71106
CommercialSale, Shreveport, LA
Property Size1,217 SF
Price / SF$194.74
Days on Market47
Property Features for 726 Edgemont Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Zoned C-UC (Commercial - Urban Core)
Parking features
Parking Lot, Driveway
Subdivision
Southern Heights Sub
Directions
Google Maps
Standard status
Active
APN
171319023002800
Size
1,217 SF
Taxes and HOA fees
Tax Description
E/2 OF LOT 10 SOUTHERN HEIGHTS SUBN.
Tax Annual Amount
965
Legal Description
E/2 OF LOT 10 SOUTHERN HEIGHTS SUBN.
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Flooring type
Hardwood
Building materials
WoodSiding
Roof type
Composition
Listing Agency:
Pelican Realty Advisors
(318) 522-7373
Listed By:
Marilyn Michel · License #0995694367
(318) 522-7373
Added: Jul 12
Changed: Aug 22
Last Checked: Aug 27 at 10:06PM
MLS# 20934662
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.
Investment Insights
Based on property information with market context.
This flex property combines 1,217 square feet of office space with a 1,080-square-foot warehouse. The office component includes four private offices, a reception area, kitchen, and restroom, while the warehouse has two garage doors for access and handling. Hardwood flooring, central heating and cooling, a public water supply, and public sewer serve the property.
The building is located directly across from Brookshire's and the Uptown Shopping Center, just north of the Line Avenue and Pierremont Road intersection. On-site parking is provided through a parking lot and driveway. Constructed in 1976, the property features wood siding and a composition roof.
The building is located directly across from Brookshire's and the Uptown Shopping Center, just north of the Line Avenue and Pierremont Road intersection. On-site parking is provided through a parking lot and driveway. Constructed in 1976, the property features wood siding and a composition roof.
Key Highlights
- 1,217 SF of office space with four private offices, reception area, kitchen, and restroom
- 1,080 SF warehouse with two garage doors
- Directly across from Brookshire's and the Uptown Shopping Center
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,801
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$276,020
$276.0K
Cap Rate 7%
$197,157
$197.2K
Cap Rate 9%
$153,344
$153.3K
Market Conditions
NOI Build-Up for 1,217 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.9K $18.00/SF
− Vacancy
−$3.5K −$2.88/SF
EGI
$18.4K $15.12/SF
− OpEx
−$4.6K −$3.78/SF
NOI
$13.8K $11.34/SF
Area
Shreveport, LA
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$276,020
Cap Rate 7%
$197,157
Cap Rate 9%
$153,344
Alternative Uses
Best Use
Office B
$197.2K
$172.5K – $230.0K
NOI $13,801 @ 7.0% cap · market cap 5.82%
Second Best
Warehouse
$124.0K
$108.5K – $144.6K
NOI $8,677 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$256.9K
$224.8K – $299.7K
NOI $17,980 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71106, LA
34,906
Population
15,415
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
33.2 sq mi
ZIP Area
1,051
Density / Sq Mi
$77,724
Median Household Income
$48,949
Median Earnings
$890
Median Rent
$310,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Separate administrative and storage areas create a practical commercial configuration.
Where is this flex space located?
The property is located at 726 Edgemont Street Shreveport, LA.
What is the asking price?
The asking price for this property is $237,000.
What are key features of this property?
This property features: 1,217 SF of office space with four private offices, reception area, kitchen, and restroom; 1,080 SF warehouse with two garage doors; Directly across from Brookshire's and the Uptown Shopping Center
