Office Building with
For Sale
$1,060,000
1509 Doctors Drive, Bossier City, LA 71111
B-3 zoning, central air, and a lighted on-site parking lot serve this office property.
Property Size3,576 SF
Days on Market12
Property Features for 1509 Doctors Drive
General Information
Standard status
Active
Size
3,576 SF
Zoning
B-3
Taxes and HOA fees
Annual Taxes
$2,626
Amenities
Central Air
Central
Concrete, Drive Through, Lighted, On Site, Open, Parking Lot
Building Details
Building Size
3,576 SF
Year Built
1981
Stories
1
Listing Agency:
EXP Realty, LLC
(318) 272-0361
Listed By:
Donna Tidwell · License #0099564546
(318) 272-0361
Source:
Evrealestate
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 12 at 4:37AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This office building at 1509 Doctors Drive includes central air and a drive-through component. Exterior features include concrete surfaces, an open parking lot, on-site parking, and lighting. The property was built in 1981 and carries B-3 zoning.
Located in Bossier City, Louisiana, the property is identified within Bossier Parish and carries the 71111 ZIP code. Its combination of office use, drive-through functionality, and dedicated parking provides a clearly defined commercial configuration for evaluation by prospective purchasers.
Located in Bossier City, Louisiana, the property is identified within Bossier Parish and carries the 71111 ZIP code. Its combination of office use, drive-through functionality, and dedicated parking provides a clearly defined commercial configuration for evaluation by prospective purchasers.
Key Highlights
- Office building with drive‑through component
- B‑3 zoning
- Central air
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
$35,290
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
3.33%
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%
$705,800
$705.8K
Cap Rate 7%
$504,143
$504.1K
Cap Rate 9%
$392,111
$392.1K
Market Conditions
NOI Build-Up for 3,576 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
$55.4K $15.48/SF
− Vacancy
−$8.3K −$2.32/SF
EGI
$47.1K $13.16/SF
− OpEx
−$11.8K −$3.29/SF
NOI
$35.3K $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%
$705,800
Cap Rate 7%
$504,143
Cap Rate 9%
$392,111
Alternative Uses
Best Use
Office B
$504.1K
$441.1K – $588.2K
NOI $35,290 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.7K
$532.6K – $710.2K
NOI $42,611 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,164
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 zoning, central air, and a lighted on-site parking lot serve this office property.
Where is this office building located?
The property is located at 1509 Doctors Drive Bossier City, LA.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Office building with drive‑through component; B‑3 zoning; Central air
