Remodeled Flex Space with
For Sale
$525,000
302 montgomery street, Shreveport, LA 71107
Insulated flex property combines office and warehouse areas with updated exterior improvements.
Property Size7,200 SF
Price / SF$72.92
Days on Market968
Property Features for 302 montgomery street
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Industrial
Amenities
large windows
front counter
large office area
three restrooms
insulated building
newer roof
heat protectant coating
outside freshly painted
Water
Sewer
Listing Agency:
Pinnacle Realty Advisors
Listed By:
Mike Moore · License #995714081
(318) 453-3373
Source:
Lacdb.resimplifi
Added: Feb 21, 2024
Changed: Oct 4
Last Checked: Oct 16 at 5:45AM
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 Pinnacle Realty Advisors
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Investment Insights
Based on property information with market context.
Located at 302 Montgomery Street in Shreveport, this 7200-square-foot flex property is configured for light industrial and warehouse use. The remodeled building includes a substantial office area with large front windows and a front service counter, along with warehouse space and three restrooms, including one positioned within the warehouse.
The building is insulated and has a newer roof with a heat-protectant coating. Exterior painting has also been completed, providing updated building finishes alongside the interior improvements. The combination of office accommodations, warehouse functionality, and multiple restrooms supports a range of commercial operations requiring both administrative and work areas.
The building is insulated and has a newer roof with a heat-protectant coating. Exterior painting has also been completed, providing updated building finishes alongside the interior improvements. The combination of office accommodations, warehouse functionality, and multiple restrooms supports a range of commercial operations requiring both administrative and work areas.
Key Highlights
- 7200 SF flex property at 302 Montgomery Street in Shreveport, LA 71107
- Remodeled light industrial building with office and warehouse areas
- Large front windows serving the office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,511
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$950,220
$950.2K
Cap Rate 7%
$678,729
$678.7K
Cap Rate 9%
$527,900
$527.9K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$77.8K $10.80/SF
− Vacancy
−$4.7K −$0.65/SF
EGI
$73.1K $10.15/SF
− OpEx
−$25.6K −$3.55/SF
NOI
$47.5K $6.60/SF
Area
Shreveport, LA
Vacancy
6.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$950,220
Cap Rate 7%
$678,729
Cap Rate 9%
$527,900
Alternative Uses
Best Use
Warehouse
$733.4K
$641.7K – $855.6K
NOI $51,335 @ 7.0% cap · market cap 9.78%
Second Best
Flex RnD
$678.7K
$593.9K – $791.9K
NOI $47,511 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,376 @ 7.0% cap · market cap 20.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71107, LA
31,311
Population
13,636
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
137.2 sq mi
ZIP Area
228
Density / Sq Mi
$48,114
Median Household Income
$31,075
Median Earnings
$909
Median Rent
$157,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Insulated flex property combines office and warehouse areas with updated exterior improvements.
Where is this flex space located?
The property is located at 302 montgomery street Shreveport, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 7200 SF flex property at 302 Montgomery Street in Shreveport, LA 71107; Remodeled light industrial building with office and warehouse areas; Large front windows serving the office area
