Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1115 Brooks St Shreveport, LA 71101

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,950,000

    Commercial building and land near downtown Shreveport, Louisiana.

    Lot size:
    1.98 Acres

    Property Features for 1115 Brooks St

    General Information

    Lot size
    1.98 Acres

    Building Details

    Year built
    1929

    We can help!

    Listing Contact
    Donna Tidwell
    Source: Elliman

    Listing Agency: EXP Realty, LLC Listing Agent: Donna Tidwell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Shreveport Commercial Building and Land

    The property includes a main commercial building on 1.99 acres located just south of downtown Shreveport, Louisiana, across Line Avenue from the Willis-Knighton Rehabilitation Institute. Situated near I-20 on and off ramps, the property is close to the center of Shreveport and downtown. The main building, constructed in 1929, contains approximately 21,506 square feet. The ground floor/basement of the main building has 9,549 heated square feet, while the second floor offers 8,400 heated square feet. An adjoining building provides an additional 3,277 heated square feet. The property is zoned C-3. The sale includes multiple parcels, totaling approximately 2.655 acres or more. The existing building could be demolished to make way for a large complex or building development in Shreveport. The building formerly served as the city's crime lab and features numerous rooms and offices.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.746811
    Latitude
    32.501395

    Nearby Similar for Sale

    • $799,900
      0.28 Acres

      Shreveport Nightclub and Event Venue

      Turn-key nightclub and event venue in downtown Shreveport.
      1605 Marshall St, Shreveport, LA 71101
      View Details
    • $2,657,500
      1.83 Acres

      Equipped Auto Repair Facility

      Turnkey auto repair facility with lifts and updated features.
      1033 W 70Th St, Shreveport, LA 71106
      View Details
    • $395,000
      0.48 Acres

      Versatile Office Building, Shreveport, LA

      Commercial office building suitable for medical, dental, or professional use.
      672 West Bert Kouns Industrial Loop, Shreveport, LA 71118
      View Details
    • $695,000
      1.74 Acres

      Shreveport Retail Opportunity For Sale

      Expansive commercial property with high visibility and flexible space.
      2430 Line Ave, Shreveport, LA 71104
      View Details
    • New
      $205,000
      0.13 Acres

      Shreveport Triplex with Income Potential

      Triplex featuring two income-producing units and one storage unit.
      400 Washington St, Shreveport, LA 71104
      View Details
    • $675,000
      1.88 Acres

      High-Visibility Retail Opportunity in Shreveport

      Versatile commercial building with high traffic and convenient access.
      1837 N Market St, Shreveport, LA 71107
      View Details
    • $249,900
      0.30 Acres

      Remodeled Commercial Property on Corner

      Modern, adaptable commercial space with high visibility and accessibility.
      9099 Mansfield Rd, Shreveport, LA 71118
      View Details
    • $650,000
      0.20 Acres

      Two-Story Office Building in Shreveport

      Two-story commercial office building with 12 units in Shreveport.
      3218 Line Ave, Shreveport, LA 71104
      View Details
    • $89,000
      1,869 SF

      Shreveport Office and Retail Space

      Office and retail space less than 2 miles from downtown.
      1130 N Market St, Shreveport, LA 71107
      View Details
    • $400,000
      0.47 Acres

      Versatile Office Space in Shreveport

      4,000 sq ft office space with ample parking.
      721 Snow St, Shreveport, LA 71101
      View Details
    • $675,000
      1.76 Acres

      Shreveport Office Building For Sale

      6133 SF office building in Shreveport, LA, built in 2000.
      3312 North Market St, Shreveport, LA 71107
      View Details
    • $475,000
      0.23 Acres

      Shreveport Swimming Pool Business Opportunity

      Swimming pool business with building and inventory for sale.
      3320 N Market St, Shreveport, LA 71107
      View Details

    FAQs

    What type of property is this?
    Office building - Commercial building and land near downtown Shreveport, Louisiana.
    Where is this office building located?
    The property is located at 1115 Brooks St Shreveport, LA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Prime location just south of downtown Shreveport, near I-20 on/off ramps and across from Willis-Knighton Rehabilitation Institute.; - C-3 zoning allows for various commercial uses or redevelopment opportunities.; - Total land area of approximately 3+ acres including multiple parcels.
    Request Owner's contact information
    1115 Brooks St Shreveport, LA 71101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1115 Brooks St
    Shreveport, LA 71101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1115 Brooks St Shreveport, LA 71101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Donna Tidwell
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.