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    Industrial Manufacturing Facility with Overhead Cranes Title is generated by Realmo AI

    717 Grimmett Drive, Shreveport, LA 71107

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    For Lease
    $10,000/Mo $3 SF/Yr (calc)

    Manufacturing-ready space with reinforced concrete floors, multiple equipment doors, and overhead crane capacity for heavy equipment operations.

    Property size:
    37,576 SF
    Lot size:
    0.89 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 9:58 pm

    Property Features for 717 Grimmett Drive

    General Information

    Standard status
    Active
    Size
    37,576 SF
    Lot size
    0.89 Acres

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    Robert Roy

    Listing agent Robert Roy License #0995716488

    Listing office Century 21 Elite

    Listing date Jun 4, 2026

    Source Signaturere

    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 Century 21 Elite

    HighLights

    • 1966 industrial facility with 9,986 SF office and 27,590 SF manufacturing space
    • Reinforced concrete floors and steel support columns designed for manufacturing and heavy equipment operations
    • 19 large equipment doors for loading and staging
    • Four overhead cranes: one 15‑ton, one 10‑ton, and two 5‑ton cranes
    • Asphalt parking and existing infrastructure on site
    • Includes an additional 0.89‑acre lot across the street with acceptable offers

    Overview

    This industrial manufacturing facility combines office space with a large manufacturing area designed for high-capacity operations. The property includes approximately 9,986 SF of office space and 27,590 SF of manufacturing space supported by reinforced concrete floors and steel support columns. The shop has 19 large equipment doors and four overhead cranes, including one 15-ton crane, one 10-ton crane, and two 5-ton cranes.

    Access is built in, with quick connections to Interstate 220, Interstate 20, and Louisiana Highway 1. The facility also provides plenty of asphalt parking and the infrastructure needed to support day-to-day operations. In addition, there is an extra 0.89-acre lot located directly across the street, which may be included with acceptable offers.

    For tenants and operators, the combination of heavy lifting capability, multiple equipment doors, and reinforced flooring supports manufacturing workflows that require overhead crane service and efficient load-in/load-out. The on-site office component can accommodate administrative functions while operations continue in the manufacturing space.
    Location Intelligence

    Current Use by Public Records

    United Methodist Church Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.754076
    Latitude
    32.525832

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    FAQs

    What type of property is this?
    Manufacturing property - Manufacturing-ready space with reinforced concrete floors, multiple equipment doors, and overhead crane capacity for heavy equipment operations.
    Where is this manufacturing property located?
    The property is located at 717 Grimmett Drive Shreveport, LA.
    What is the lease rate?
    The lease rate is $10,000 /Mo.
    What are key features of this property?
    This property features: 1966 industrial facility with 9,986 SF office and 27,590 SF manufacturing space; Reinforced concrete floors and steel support columns designed for manufacturing and heavy equipment operations; 19 large equipment doors for loading and staging
    (318) 900-1046
    We can help!
    Listing Contact
    Robert Roy
    Real Estate License ID: 0995716488
    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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    717 Grimmett Drive, Shreveport, LA 71107
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