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    148-Room Hotel in Shreveport Title is generated by Realmo AI

    4935 W Monkhouse Dr, Shreveport, LA 71109

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    148-room hotel with high visibility and easy interstate access.

    Type:Hospitality
    Property size:
    65,000 SF
    Added:
    Apr 12, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 12 at 6:24 am

    Property Features for 4935 W Monkhouse Dr

    General Information

    Standard status
    Active
    Size
    65,000 SF
    Property subtype
    Hospitality

    We can help!

    Listing Contact
    Chris Gomes

    Listing agent Chris Gomes License #TX 0591152

    Listing office Marcus & Millichap - Dallas

    Listing date Apr 12, 2026

    Source Crexi

    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 Marcus & Millichap - Dallas

    HighLights

    • 148‑room limited‑service Hotel.
    • Located off Interstate 20, providing excellent visibility and quick access to east‑west travelers.
    • Close proximity to Shreveport Regional Airport.
    • Located in Shreveport, the educational, commercial, and cultural center of the Arkansas‑Louisiana‑Texas region.
    • Located in a city with prominent industries including education, logistics, finance, retail, oil, and entertainment.
    • The Property is comprised of three stories, encompassing about 65,000 square feet.

    Overview

    The Knights Inn Shreveport is a 148-room, limited-service hotel located at 4935 West Monkhouse Drive. This independent hotel features three stories and encompasses approximately 65,000 square feet. The property is located off Interstate 20, offering excellent visibility and convenient access for east-west travelers. Its location provides close proximity to the Shreveport Regional Airport, the third busiest airport in the state. Shreveport, the third most populous city in Louisiana, serves as the educational, commercial, and cultural center of the Arkansas-Louisiana-Texas region. Key industries in Shreveport include education, logistics, finance, retail, oil, and entertainment. The city is home to five universities: Centenary College of Louisiana, Louisiana State University Shreveport, Louisiana Tech University Shreveport, Southern University at Shreveport, and Louisiana Baptist University. Major businesses with a presence in Shreveport include Amazon, Regions Financial Corporation, JPMorgan Chase, Sam's Town Hotel and Gambling Hall, AT&T Mobility, United Parcel Service, Walmart, Chick-fil-A, Waffle House, SWEPCO, General Electric, UOP LLC, Calumet Specialty Products Partners, and APS Payroll. Tourism and entertainment are also significant contributors to the local economy, with various casinos, horse racetracks, and the Louisiana Boardwalk present in the city.
    Location Intelligence

    Current Use by Public Records

    Days Inn Shreveport ... Hotel & Motel

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Country Inn & Suites by Radisson, Shreveport-Airport, LA — 5020 Hollywood Ave, Shreveport, LA 71109
    • Hampton Inn Shreveport Airport — 5226 Monkhouse Dr, Shreveport, LA 71109
    • Moonrider Inn & Suites — 5215 Monkhouse Dr, Shreveport, LA 71109
    • Naz Logistics — 5124 Interstate Dr, Shreveport, LA 71109
    • Airport Casino — 5201 Monkhouse Dr, Shreveport, LA 71109

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.82796
    Latitude
    32.46293

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    FAQs

    What type of property is this?
    Motel - 148-room hotel with high visibility and easy interstate access.
    Where is this motel located?
    The property is located at 4935 W Monkhouse Dr Shreveport, LA.
    What are key features of this property?
    This property features: 148‑room limited‑service Hotel.; Located off Interstate 20, providing excellent visibility and quick access to east‑west travelers.; Close proximity to Shreveport Regional Airport.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Gomes
    Real Estate License ID: TX 0591152
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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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