100-Room Travelodge
For Sale
$3,750,000
2134 Greenwood Rd, Shreveport, LA 71103
Hotel near I-20, Willis Knighton North Health Campus, downtown Shreveport, and area casinos.
Property Size51,000 SF
Price / SF$73.53
Days on Market903
Property Features for 2134 Greenwood Rd
General Information
Standard status
Active
Size
51,000 SF
Property subtype
Hospitality
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Lea Hall Properties
Listed By:
Jamie Moreland
(318) 221-1234
Source:
Lacdb.resimplifi
Added: May 1, 2024
Changed: Oct 6
Last Checked: Oct 19 at 3:28AM
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 Lea Hall Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a 100-room Travelodge by Wyndham hotel comprising approximately 51,000 square feet. Its location provides direct proximity to the I-20 E Greenwood Road exit, supporting access to the regional highway network.
Across I-20 from Willis Knighton North Health Campus, the hotel is also approximately 2 minutes from downtown Shreveport and nearby casinos. The property is located at 2134 Greenwood Rd in Shreveport, Louisiana.
Across I-20 from Willis Knighton North Health Campus, the hotel is also approximately 2 minutes from downtown Shreveport and nearby casinos. The property is located at 2134 Greenwood Rd in Shreveport, Louisiana.
Key Highlights
- 100‑room hotel
- Approximately 51,000 square feet
- Travelodge by Wyndham property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,211
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,244,220
$5.2M
Cap Rate 7%
$3,745,871
$3.7M
Cap Rate 9%
$2,913,456
$2.9M
Market Conditions
NOI Build-Up for 51,000 SF
Gross rent
$673.2K $13.20/SF
− Vacancy
−$121.2K −$2.38/SF
EGI
$552.0K $10.82/SF
− OpEx
−$289.8K −$5.68/SF
NOI
$262.2K $5.14/SF
Area
Shreveport, LA
Vacancy
18.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,244,220
Cap Rate 7%
$3,745,871
Cap Rate 9%
$2,913,456
Alternative Uses
Best Use
Hotel Hospitality
$3.75M
$3.28M – $4.37M
NOI $262,211 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.76M
$9.42M – $12.56M
NOI $753,494 @ 7.0% cap · market cap 20.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,647
Businesses Nearby
Explore this area
Business Placement
Demographics for 71103, LA
6,362
Population
3,264
Households
1.9
Avg Household Size
44
Median Age
13%
College-Educated
73%
High-School Grad
3.9 sq mi
ZIP Area
1,631
Density / Sq Mi
$27,958
Median Household Income
$23,622
Median Earnings
$827
Median Rent
$74,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Hotel - Hotel near I-20, Willis Knighton North Health Campus, downtown Shreveport, and area casinos.
Where is this hotel located?
The property is located at 2134 Greenwood Rd Shreveport, LA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 100‑room hotel; Approximately 51,000 square feet; Travelodge by Wyndham property
