Office Building with Drive-Through
For Sale
$1,170,000
2005 Benton Rd, Bossier City, LA 71111
B-3-zoned office property with a lobby, private offices, and existing drive-through improvements.
Property Size3,928 SF
Price / SF$297.86
Days on Market579
Property Features for 2005 Benton Rd
General Information
Standard status
Active
Size
3,928 SF
Property subtype
Office
Zoning
B-3
Building Details
Year Built
1985
Listing Agency:
Vintage Realty Company
(318) 222-2244
Listed By:
Hilary Bransford · License #SALE.0000053423-ACT
(318) 222-2244
Source:
Lacdb.resimplifi
Added: Jan 28, 2025
Changed: Aug 29
Last Checked: Aug 30 at 1:29PM
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
Investment Insights
Based on property information with market context.
This 3,928-square-foot office building occupies a 1.34-acre lot and was constructed in 1985. The former bank layout includes a lobby, seven offices, a conference room, breakroom, two restrooms, three drive-through lanes, and a bank vault. Ample parking is provided, and the prior financial-services use restriction no longer applies.
Located at 2005 Benton Rd in Bossier City, the property is accessible from I-220, Benton Rd., and I-49. The site records 33,500+ VPD and carries B-3, General Business zoning. The combination of existing office areas, specialized banking infrastructure, and a substantial site supports a range of commercial office configurations.
Located at 2005 Benton Rd in Bossier City, the property is accessible from I-220, Benton Rd., and I-49. The site records 33,500+ VPD and carries B-3, General Business zoning. The combination of existing office areas, specialized banking infrastructure, and a substantial site supports a range of commercial office configurations.
Key Highlights
- 3,928 SF office building on a 1.34‑acre lot
- Former bank layout with 3 drive‑thru lanes and bank vault
- Lobby, 7 offices, conference room, breakroom, and 2 restrooms
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
$38,763
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
3.31%
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%
$775,260
$775.3K
Cap Rate 7%
$553,757
$553.8K
Cap Rate 9%
$430,700
$430.7K
Market Conditions
NOI Build-Up for 3,928 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
$60.8K $15.48/SF
− Vacancy
−$9.1K −$2.32/SF
EGI
$51.7K $13.16/SF
− OpEx
−$12.9K −$3.29/SF
NOI
$38.8K $9.87/SF
Area
Bossier County, LA
Vacancy
15.00%
Lease Rate
$15.48 /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%
$775,260
Cap Rate 7%
$553,757
Cap Rate 9%
$430,700
Alternative Uses
Best Use
Office B
$553.8K
$484.5K – $646.1K
NOI $38,763 @ 7.0% cap · market cap 3.31%
Second Best
Specialty Retail
$369.8K
$323.6K – $431.5K
NOI $25,887 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$668.7K
$585.1K – $780.1K
NOI $46,806 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 71111, LA
44,476
Population
19,563
Households
2.3
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
45.2 sq mi
ZIP Area
984
Density / Sq Mi
$66,465
Median Household Income
$43,483
Median Earnings
$1,065
Median Rent
$268,600
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.
Frequently Asked Questions
What type of property is this?
Office building - B-3-zoned office property with a lobby, private offices, and existing drive-through improvements.
Where is this office building located?
The property is located at 2005 Benton Rd Bossier City, LA.
What is the asking price?
The asking price for this property is $1,170,000.
What are key features of this property?
This property features: 3,928 SF office building on a 1.34‑acre lot; Former bank layout with 3 drive‑thru lanes and bank vault; Lobby, 7 offices, conference room, breakroom, and 2 restrooms
