Office Suites with Glass
For Sale
$2,800,000
3903-3919 Southern Ave and 3949 Southern Ave, Shreveport, LA 71106
Office center under renovation with three available suites, including two adjacent units totaling 2,800 contiguous square feet.
Property Size19,915 SF
Price / SF$140.60
Days on Market1920
Property Features for 3903-3919 Southern Ave and 3949 Southern Ave
General Information
Standard status
Active
Size
19,915 SF
Property subtype
Investment
Zoning
C-2
Site & Location
Neighborhood
South Highland
Highway Access
Yes
Amenities
Water
Sewer
Listing Agency:
Sealy Real Estate Services LLC
Listed By:
Emily Bynum · License #0000051558
(318) 698-1106
Source:
Lacdb.resimplifi
Added: Jul 23, 2021
Changed: Oct 1
Last Checked: Oct 23 at 3:34AM
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 Sealy Real Estate Services LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office center is currently under renovation and will total approximately 9,800 square feet. Three units are available for lease, with two adjacent suites offering 2,800 contiguous square feet. Each unit features a glass storefront with high-quality window tinting designed to help reduce heat and utility costs.
The property sits right off I-49 at the corner of Ockley Drive and Southern Avenue, providing traffic exposure. It is also close to Mall St. Vincent and Ochsner LSU Health Shreveport, and it is about one mile north of Pierremont Road.
The entire property is also available for sale, and the seller may offer it individually or as a package with a building leased to Fresenius Kidney Care located at 3949 Southern Avenue, just south of the subject property. Contact the listing agent for additional information.
The property sits right off I-49 at the corner of Ockley Drive and Southern Avenue, providing traffic exposure. It is also close to Mall St. Vincent and Ochsner LSU Health Shreveport, and it is about one mile north of Pierremont Road.
The entire property is also available for sale, and the seller may offer it individually or as a package with a building leased to Fresenius Kidney Care located at 3949 Southern Avenue, just south of the subject property. Contact the listing agent for additional information.
Key Highlights
- Office center under renovation with approx. 9,800 SF total area
- 3 suites available for lease, with two adjacent units providing 2,800 SF contiguous space
- Glass storefronts with high‑quality window tinting to help reduce heat and utility costs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$225,836
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,516,720
$4.5M
Cap Rate 7%
$3,226,229
$3.2M
Cap Rate 9%
$2,509,289
$2.5M
Market Conditions
NOI Build-Up for 19,915 SF
Gross rent
$358.5K $18.00/SF
− Vacancy
−$57.4K −$2.88/SF
EGI
$301.1K $15.12/SF
− OpEx
−$75.3K −$3.78/SF
NOI
$225.8K $11.34/SF
Area
Shreveport, LA
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,516,720
Cap Rate 7%
$3,226,229
Cap Rate 9%
$2,509,289
Alternative Uses
Best Use
Office B
$3.23M
$2.82M – $3.76M
NOI $225,836 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.20M
$3.68M – $4.90M
NOI $294,232 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 71106, LA
34,906
Population
15,415
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
33.2 sq mi
ZIP Area
1,051
Density / Sq Mi
$77,724
Median Household Income
$48,949
Median Earnings
$890
Median Rent
$310,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office center under renovation with three available suites, including two adjacent units totaling 2,800 contiguous square feet.
Where is this office unit located?
The property is located at 3903-3919 Southern Ave and 3949 Southern Ave Shreveport, LA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Office center under renovation with approx. 9,800 SF total area; 3 suites available for lease, with two adjacent units providing 2,800 SF contiguous space; Glass storefronts with high‑quality window tinting to help reduce heat and utility costs
