Building Details

Year Built 1952

Year Renovated 2023

Buildings 1

Tenancy Single

Listing Agency: Walker-Alley & Associates

Listed By: Danielle Cummings · License #0995687005 Show Phone

Source: Yourdavisteam

Added: Aug 26 Changed: Oct 5 Last Checked: Oct 7 at 2:58PM

Report an Issue

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 Walker-Alley & Associates

Investment Insights

Based on property information with market context.

This single-tenant office building was originally constructed as a medical clinic and remained in medical-office use before its 2023 renovation. The property was subsequently remodeled for an architect’s office, providing an updated office setting within a building dating to 1952. A large parking lot serves the site.

The building is positioned at Line Ave and Boulevard Street, north of Kings Hwy, in Shreveport’s Historic Highland Neighborhood. Its established setting and office configuration support continued professional use, while the prior clinic layout provides relevant background for medical-office users evaluating the property.

Key Highlights

• 2023 renovation completed for an architect’s office
• Originally built as a medical clinic in 1952
• Single‑tenant office building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,356

Cap Rate

5.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$287,120 $287.1K

Cap Rate 7%

$205,086 $205.1K

Cap Rate 9%

$159,511 $159.5K

Market Conditions

NOI Build-Up for 1,266 SF

Gross rent

$22.8K $18.00/SF

− Vacancy

−$3.6K −$2.88/SF

EGI

$19.1K $15.12/SF

− OpEx

−$4.8K −$3.78/SF

NOI

$14.4K $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%

$287,120

Cap Rate 7%

$205,086

Cap Rate 9%

$159,511

Alternative Uses

Best Use

Office B

$205.1K

$179.5K – $239.3K (±1% cap)

NOI $14,356 @ 7.0% cap · market cap 5.74%

Second Best

Healthcare Medical

$203.7K

$178.2K – $237.6K (±1% cap)

NOI $14,256 @ 7.0% cap · market cap 5.70%

Theoretical Best

Office A

$267.2K

$233.8K – $311.7K (±1% cap)

NOI $18,704 @ 7.0% cap · market cap 7.48%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Recovery Strategies Inc Social Service Agency Epling Jr John ... Counselor COE Architecture International Architect Csatho Judy MD Physician

Suggested Use

Top Pick Garden Center Real Estate Agency Carpet & Flooring Store Locksmith Catering Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,382

Businesses Nearby

Explore this area Business Placement

Demographics for 71104, LA

13,680

Population

7,160

Households

1.9

Avg Household Size

36

Median Age

31%

College-Educated

94%

High-School Grad

3.9 sq mi

ZIP Area

3,508

Density / Sq Mi

$53,481

Median Household Income

$36,693

Median Earnings

$1,071

Median Rent

$163,300

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Medical Office with Private Offices

3548 Youree Dr, Shreveport, LA 71105

$250,000

1,495 SF

View details

Two-Space Office Building

515 E Washington St, Shreveport, LA 71104

$165,000

1,731 SF

View details

Medical Office Space

3146 N Market St, Shreveport, LA 71107

$322,000

2,132 SF

View details

Stand-Alone Office Building

5902 Buncombe Rd, Shreveport, LA 71129

$139,900

880 SF

View details

Leased Medical Office Suite

1953 E 70th St, Shreveport, LA 71105

$319,000

2,200 SF

View details

Historic Office Building

610 Herndon St, Shreveport, LA 71101

$300,000

2,500 SF

View details

Two-Story Office Building

204 Milam St, Shreveport, LA 71101

$225,000

3,292 SF

View details

Medical Office with Flexible Layout

7840 Jewella Ave, Shreveport, LA 71108

$249,900

4,072 SF

View details

Four-Suite Office Building

321 Southfield Rd, Shreveport, LA 71105

$295,000

3,180 SF

View details

Medical Office with Dental Equipment

7101 Pines Rd, Shreveport, LA 71129

$334,000

3,076 SF

View details

Three-Suite Office Building

721 Snow Street, Shreveport, LA 71101

$350,000

0.47 Acres

View details

Historic Two-Story Office Building

1158 Texas Ave, Shreveport, LA 71101

$500,000

4,764 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - Office property with a substantial parking area and 2023 interior renovation near Line Ave and Boulevard Street.

Where is this office building located?

The property is located at 2303 Line Ave Shreveport, LA.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: 2023 renovation completed for an architect’s office; Originally built as a medical clinic in 1952; Single‑tenant office building