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    Prime Mixed-Use Development Site Title is generated by Realmo AI

    Airline Drive, Bossier City, LA 71111

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    13.64-acre mixed-use development site in Bossier City, Louisiana.

    Type:Land
    Property size:
    13 SF
    Price / SF:
    $4/SF
    Added:
    Nov 21, 2025
    Days on Market:
    172
    Last Refresh:
    Apr 5 at 10:30 pm

    Property Features for Airline Drive

    General Information

    Standard status
    Active
    Size
    13 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Randall Boughton

    Listing agent Randall Boughton License #LA #BROK.54238.A-ASA

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Randall Boughton

    HighLights

    • Affluent Community: Projected median household income of $111,764 by 2029.
    • Prime Location: High‑visibility intersection with strong traffic counts (24,000 vehicles daily on Airline Drive).
    • Significant Retail Demand: Estimated $160 million in potential annual recaptured sales.
    • Strong Demographic Growth: Projected population increase from 27,987 (2024) to 29,498 (2029).
    • Proximity to Major Employers: Located near Barksdale Air Force Base, Cyber Innovation Center, and Margaritaville Resort.
    • Optimized Infrastructure: Conveniently located near Interstate 220.

    Overview

    Folia Square is a 13.64-acre mixed-use development site in Bossier City, Louisiana, offering commercial and residential opportunities. The site is located at the intersection of Airline Drive and Wemple Road, with approximately 24,000 vehicles on Airline Drive and 15,000 vehicles on Wemple Road daily. It is near Interstate 220, providing regional connectivity. The area is an expanding, affluent community with median household incomes projected to reach $111,764 by 2029. Major local employers such as Barksdale Air Force Base, the Cyber Innovation Center, Louisiana Downs, and Margaritaville Resort enhance local economic stability and consumer spending potential. The location has high market potential and exceptional demand for family dining, fast-casual restaurants, retail shopping, and personal care services. The projected population increase from 27,987 in 2024 to 29,498 in 2029. The site offers investment stability due to demographic affluence, population growth, and limited local competition. The location has significant retail demand with an estimated $160 million potential annual recaptured sales currently lost to neighboring markets. Minor traffic improvements are required, with ongoing infrastructure enhancements supporting growth.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bossier City
    County
    Bossier
    State
    Louisiana
    Longitude
    -93.696
    Latitude
    32.5057

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    FAQs

    What type of property is this?
    Commercial land - 13.64-acre mixed-use development site in Bossier City, Louisiana.
    Where is this commercial land located?
    The property is located at Airline Drive Bossier City, LA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Affluent Community: Projected median household income of $111,764 by 2029.; Prime Location: High‑visibility intersection with strong traffic counts (24,000 vehicles daily on Airline Drive).; Significant Retail Demand: Estimated $160 million in potential annual recaptured sales.
    (225) 955-6916
    We can help!
    Listing Contact
    Randall Boughton
    Real Estate License ID: LA #BROK.54238.A-ASA
    Learn More
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    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.

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