Building Details

Year Built 1980

Listing Agency: Pinnacle Realty Advisors

Listed By: Lucia Hamel · License #0995697496 Show Phone

Source: Heritance

Added: Aug 17 Changed: Oct 11 Last Checked: Oct 7 at 2:12PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Realty Advisors

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Investment Insights

Based on property information with market context.

This flex space property includes an existing commercial building constructed in 1980 and positioned on nearly one acre of land. The structure requires updating, providing an opportunity to modify the interior and improvements around specific operational needs. The property size is listed as 1222, although the source does not specify the unit of measurement.

Recently rezoned to Commercial C, the site supports a range of commercial possibilities identified in the property information, including business operations, equipment storage, parking, and workshop use. Its land area also leaves room for future expansion, subject to applicable approvals and site requirements. The property is located in Shreveport, Louisiana.

Key Highlights

• Nearly one acre of commercial land
• Existing building constructed in 1980
• Recently rezoned to Commercial C

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,064

Cap Rate

5.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$161,280 $161.3K

Cap Rate 7%

$115,200 $115.2K

Cap Rate 9%

$89,600 $89.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,222 SF

Gross rent

$13.2K $10.80/SF

− Vacancy

−$792 −$0.65/SF

EGI

$12.4K $10.15/SF

− OpEx

−$4.3K −$3.55/SF

NOI

$8.1K $6.60/SF

Area

Shreveport, LA

Vacancy

6.00%

Lease Rate

$10.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$161,280

Cap Rate 7%

$115,200

Cap Rate 9%

$89,600

Alternative Uses

Best Use

Flex RnD

$115.2K

$100.8K – $134.4K (±1% cap)

NOI $8,064 @ 7.0% cap · market cap 5.38%

Second Best

Industrial

$109.3K

$95.7K – $127.6K (±1% cap)

NOI $7,653 @ 7.0% cap · market cap 5.10%

Theoretical Best

Office A

$257.9K

$225.7K – $300.9K (±1% cap)

NOI $18,054 @ 7.0% cap · market cap 12.04%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

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

42

Businesses Nearby

Balanced

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Existing commercial improvements offer a customizable setting for business operations, storage, parking, or workshop use.

Where is this flex space located?

The property is located at 10222 Linwood Ave Shreveport, LA.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: Nearly one acre of commercial land; Existing building constructed in 1980; Recently rezoned to Commercial C