Flex Space with Grade-Level
For Sale
$700,000
6821 W 70 St, Shreveport, LA 71129
I-2-zoned property combines dedicated offices with an attached warehouse for industrial operations.
Property Size5,000 SF
Lot Size1.00 Acre
Price / SF$140
Days on Market4175
Property Features for 6821 W 70 St
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.00 Acre
Property subtype
Office
Zoning
I-2
Warehouse & Industrial
Warehouse Space
3,300 SF
Office Build-Out
1,700 SF
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Building Size
5,000 SF
Listing Agency:
Vintage Realty Company
Listed By:
Michael Berlin · License #0995684385
(318) 212-1687
Source:
Lacdb.resimplifi
Added: May 14, 2015
Changed: Oct 7
Last Checked: Oct 16 at 5:54AM
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 Vintage Realty Company
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Investment Insights
Based on property information with market context.
This 5,000-square-foot flex property occupies 1 acre and combines 1,700 square feet of office area with 3,300 square feet of warehouse space. The office portion includes a reception and waiting area, two private offices, a conference room, kitchen and break area, and two restrooms. Warehouse functionality includes one 10-foot by 10-foot grade-level overhead door.
Positioned at the southwest corner of W. 70th St. and Brooks Rd. in West Shreveport, the property is approximately 0.4± miles east of W. Bert Kouns Industrial Loop, also designated LA 526. The I-20 and W. Bert Kouns Industrial Loop interchange is approximately 1± mile east, with reported traffic of 58,983 VPD, while Pines Rd. is approximately 1.7± miles west. The property is zoned I-2, Heavy Industrial. Mineral rights are not included.
Positioned at the southwest corner of W. 70th St. and Brooks Rd. in West Shreveport, the property is approximately 0.4± miles east of W. Bert Kouns Industrial Loop, also designated LA 526. The I-20 and W. Bert Kouns Industrial Loop interchange is approximately 1± mile east, with reported traffic of 58,983 VPD, while Pines Rd. is approximately 1.7± miles west. The property is zoned I-2, Heavy Industrial. Mineral rights are not included.
Key Highlights
- 5,000± SF office/warehouse on 1± acres
- 1,700± SF office area with reception, 2 offices, conference room, kitchen/break room, and 2 restrooms
- 3,300± SF warehouse with (1) 10’ x 10’ grade level overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,700
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,000
$1.1M
Cap Rate 7%
$810,000
$810.0K
Cap Rate 9%
$630,000
$630.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$90.0K $18.00/SF
− Vacancy
−$14.4K −$2.88/SF
EGI
$75.6K $15.12/SF
− OpEx
−$18.9K −$3.78/SF
NOI
$56.7K $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%
$1,134,000
Cap Rate 7%
$810,000
Cap Rate 9%
$630,000
Alternative Uses
Best Use
Office B
$810.0K
$708.8K – $945.0K
NOI $56,700 @ 7.0% cap · market cap 8.10%
Second Best
Warehouse
$509.3K
$445.6K – $594.2K
NOI $35,649 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.06M
$923.4K – $1.23M
NOI $73,872 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 71129, LA
13,198
Population
6,523
Households
2
Avg Household Size
38
Median Age
23%
College-Educated
91%
High-School Grad
42.7 sq mi
ZIP Area
309
Density / Sq Mi
$50,551
Median Household Income
$38,651
Median Earnings
$918
Median Rent
$182,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - I-2-zoned property combines dedicated offices with an attached warehouse for industrial operations.
Where is this flex space located?
The property is located at 6821 W 70 St Shreveport, LA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 5,000± SF office/warehouse on 1± acres; 1,700± SF office area with reception, 2 offices, conference room, kitchen/break room, and 2 restrooms; 3,300± SF warehouse with (1) 10’ x 10’ grade level overhead door
