Leased Medical Office
For Sale
$319,000
1953 E 70th St, Shreveport, LA 71105
C-2-zoned medical office with an established occupant and a recently executed lease agreement.
Property Size2,200 SF
Price / SF$145
Days on Market542
Property Features for 1953 E 70th St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Office
Zoning
C-2
Additional Details
Office Units
4
Listing Agency:
Century 21 Elite
(318) 572-1568
Listed By:
Douglas Abington
(318) 572-1568
Source:
Lacdb.resimplifi
Added: Mar 5, 2025
Changed: Aug 28
Last Checked: Aug 28 at 8:07AM
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
Investment Insights
Based on property information with market context.
This 2,200-square-foot medical office suite is located at 1953 E 70th St in Shreveport, Louisiana. The space is occupied by a medical office user under a recently signed lease agreement, providing an existing tenancy profile for the property.
The suite is part of Corporate Square, where four office suites are available for purchase together as a package. The property carries C-2 zoning, and rent rolls are available upon request.
The suite is part of Corporate Square, where four office suites are available for purchase together as a package. The property carries C-2 zoning, and rent rolls are available upon request.
Key Highlights
- 2,200 SF medical office suite
- Current medical office tenant in place
- Recently signed lease agreement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,948
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$498,960
$499.0K
Cap Rate 7%
$356,400
$356.4K
Cap Rate 9%
$277,200
$277.2K
Market Conditions
NOI Build-Up for 2,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.6K $18.00/SF
− Vacancy
−$6.3K −$2.88/SF
EGI
$33.3K $15.12/SF
− OpEx
−$8.3K −$3.78/SF
NOI
$24.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$498,960
Cap Rate 7%
$356,400
Cap Rate 9%
$277,200
Alternative Uses
Best Use
Office B
$356.4K
$311.9K – $415.8K
NOI $24,948 @ 7.0% cap · market cap 7.82%
Second Best
Healthcare Medical
$353.9K
$309.7K – $412.9K
NOI $24,774 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$464.3K
$406.3K – $541.7K
NOI $32,504 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71105, LA
21,308
Population
11,139
Households
1.9
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
9.5 sq mi
ZIP Area
2,243
Density / Sq Mi
$66,758
Median Household Income
$48,396
Median Earnings
$1,247
Median Rent
$216,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- University Veterinary Hospital: Jarrell Shannon L DVM — 7700 E Kings Hwy, Shreveport, LA 71115
- University Veterinary Hospital — 7700 E Kings Hwy, Shreveport, LA 71115
- Foret Catherine P DVM — 7700 E Kings Hwy, Shreveport, LA 71115, United States
- Petco Vaccination Clinic — 6596 Youree Dr, Shreveport, LA 71105
- McIntyre Reg DVM — 2403 e 70th st, shreveport, la 71105
Frequently Asked Questions
What type of property is this?
Medical Office Space - C-2-zoned medical office with an established occupant and a recently executed lease agreement.
Where is this medical office space located?
The property is located at 1953 E 70th St Shreveport, LA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 2,200 SF medical office suite; Current medical office tenant in place; Recently signed lease agreement
