Building Details

Year Built 2010

Year Renovated 2026

Tenancy Single

Listing Agency: Justin Dorn - Crexi Intelligence

Listed By: Quinn Strauch · License #II100087191

Source: Crexi

Added: Jun 2 Changed: Sep 4 Last Checked: Aug 11 at 11:58AM

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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 Justin Dorn - Crexi Intelligence

Investment Insights

Based on property information with market context.

The subject property is a retail storefront available for sale at 107 Highway 1 North, Oil City, LA 71061. It is positioned within the Shreveport-Bossier City Metropolitan Statistical Area, which serves as the primary economic hub of Northwest Louisiana and a key regional center for the Texas-Arkansas-Louisiana tri-state region.

Public remarks note that the MSA is seeing transformational economic momentum, including Amazon’s recently announced $12 billion multi-campus data center investment spanning Caddo and Bossier Parishes. The remarks further state that this investment is intended to support expansion of cloud services and next-generation digital infrastructure, reinforcing longer-term demand for workforce, utilities, and regional services. The information provided characterizes the market’s affordability, central location, and essential service infrastructure as supporting necessity-based retail and service-oriented assets.

Key Highlights

• For‑sale retail storefront on Highway 1 North in Oil City
• Located within the Shreveport‑Bossier City Metropolitan Statistical Area
• Year built: 2010

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

$55,446

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

4.93%

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%

$1,108,920 $1.1M

Cap Rate 7%

$792,086 $792.1K

Cap Rate 9%

$616,067 $616.1K

Market Conditions

NOI Build-Up for 9,014 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

$83.3K $9.24/SF

− Vacancy

−$4.1K −$0.45/SF

EGI

$79.2K $8.79/SF

− OpEx

−$23.8K −$2.64/SF

NOI

$55.4K $6.15/SF

Area

Caddo County, LA

Vacancy

4.90%

Lease Rate

$9.24 /SF/Yr

Expense Ratio

30.00%

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%

$1,108,920

Cap Rate 7%

$792,086

Cap Rate 9%

$616,067

Alternative Uses

Best Use

Retail

$792.1K

$693.1K – $924.1K (±1% cap)

NOI $55,446 @ 7.0% cap · market cap 4.93%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.78M

$1.56M – $2.08M (±1% cap)

NOI $124,846 @ 7.0% cap · market cap 11.09%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Catering Service Cafe & Coffee Shop Veterinary Clinic

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

76

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

3,998 visits/mo 0.2 miles

Demographics for 71061, LA

1,518

Population

919

Households

1.7

Avg Household Size

39

Median Age

5%

College-Educated

85%

High-School Grad

20.3 sq mi

ZIP Area

75

Density / Sq Mi

$31,250

Median Household Income

$16,786

Median Earnings

$525

Median Rent

$114,400

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - For-sale retail storefront located on Highway 1 North in Oil City within the Shreveport-Bossier City MSA.

Where is this retail space located?

The property is located at 107 Highway 1 North Oil City, LA.

What is the asking price?

The asking price for this property is $1,125,588.

What are key features of this property?

This property features: For‑sale retail storefront on Highway 1 North in Oil City; Located within the Shreveport‑Bossier City Metropolitan Statistical Area; Year built: 2010