Building Details

Year built 1950

Floors in Building 1

Number of units 1

Flooring type Carpet, Tile

Building materials Brick

Buildings 1

Listing Agency: Diamond Realty & Associates t***@yahoo.com

Listed By: Casey Tubbs Show Phone

Added: Aug 1 Changed: Oct 31 Last Checked: Nov 1 at 4:06PM

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MLS# 21347782

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,542-square-foot storefront building at 100 5th Street features brick construction, tile and carpet flooring, central heating, electric cooling, and central air. Built in 1950, the property is offered in its current as-is condition and may accommodate restaurant, office, or retail use as described in the property information.

The building is positioned on a corner in Benton, Louisiana. Public water and public sewer serve the property, while parking is available on the street.

Key Highlights

• 1,542‑square‑foot brick building
• Corner property at 100 5th Street in Benton, LA 71006
• Built in 1950

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,978

Cap Rate

3.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$199,560 $199.6K

Cap Rate 7%

$142,543 $142.5K

Cap Rate 9%

$110,867 $110.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,542 SF

Gross rent

$15.0K $9.72/SF

− Vacancy

−$734 −$0.48/SF

EGI

$14.3K $9.24/SF

− OpEx

−$4.3K −$2.77/SF

NOI

$10.0K $6.47/SF

Area

Bossier County, LA

Vacancy

4.90%

Lease Rate

$9.72 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$199,560

Cap Rate 7%

$142,543

Cap Rate 9%

$110,867

Alternative Uses

Best Use

Retail

$142.5K

$124.7K – $166.3K (±1% cap)

NOI $9,978 @ 7.0% cap · market cap 3.17%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$262.5K

$229.7K – $306.2K (±1% cap)

NOI $18,374 @ 7.0% cap · market cap 5.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Hair Salon Electrical Service Auto Parts Store Building Supply Restaurant Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

119

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 71006, LA

15,268

Population

6,032

Households

2.5

Avg Household Size

39

Median Age

34%

College-Educated

93%

High-School Grad

205.1 sq mi

ZIP Area

74

Density / Sq Mi

$91,318

Median Household Income

$46,389

Median Earnings

$1,096

Median Rent

$304,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Storefront property - Brick commercial space with central HVAC, public utilities, and on-street parking.

Where is this storefront property located?

The property is located at 100 5th Street Benton, LA.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: 1,542‑square‑foot brick building; Corner property at 100 5th Street in Benton, LA 71006; Built in 1950