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    Two-Site Distribution Industrial Portfolio Title is generated by Realmo AI

    1510 Grimmett Drive, Shreveport, LA 71107

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    Two strategically located industrial distribution sites supporting an integrated fulfillment network with recent building upgrades.

    Type:Industrial
    Property size:
    30,930 SF
    Added:
    May 29, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 6 at 2:44 am

    Property Features for 1510 Grimmett Drive

    General Information

    Standard status
    Active
    Size
    30,930 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Chelsea Mandel

    Listing agent Chelsea Mandel License #NY

    Listing office Ascension Advisory

    Listing date May 29, 2026

    Source Crexi

    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 Ascension Advisory

    HighLights

    • Portfolio includes two industrial distribution sites in Shreveport, Louisiana and Colcord, Oklahoma.
    • Supports Tri‑State’s integrated distribution platform with coordinated headquarters, primary distribution, and regional fulfillment operations.
    • Operations are designed for same‑day or next‑day delivery based on proximity to customers and integrated logistics.
    • Year built listed as 1980.
    • Over $450k invested in building improvements and building‑related equipment across the properties.

    Overview

    This for-sale portfolio includes two industrial sites that operate as a coordinated distribution network, supporting headquarters, primary distribution, and regional fulfillment functions. The combined platform is designed to enable rapid response and same-day or next-day delivery to key customers, with each location serving a distinct role within the integrated logistics workflow. The properties have been well-invested, with more than $450,000 in building improvements and building-related equipment reported across the portfolio.

    One site is located at 1510 Grimmett Drive in Shreveport, Louisiana, and the portfolio also includes a second site in Colcord, Oklahoma. Taken together, the sites are positioned to support proximity-driven service requirements that are described as operationally critical to the overall distribution model.

    For buyers seeking an industrial distribution platform with an established operational framework, this portfolio offers turn-key, integrated functionality across two locations. The reported building and equipment investment may also support continuity of operations and reduce the need for immediate capital work tied to building-related infrastructure. This is a practical fit for companies looking to own an industrial distribution footprint built around coordinated headquarters and regional fulfillment.
    Location Intelligence

    Current Use by Public Records

    Tri-State Industrial Supply Industrial Manufacturer TSI Poultry Department Store Menge Pump & Machinery ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.766957
    Latitude
    32.537262

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    FAQs

    What type of property is this?
    Distribution center - Two strategically located industrial distribution sites supporting an integrated fulfillment network with recent building upgrades.
    Where is this distribution center located?
    The property is located at 1510 Grimmett Drive Shreveport, LA.
    What are key features of this property?
    This property features: Portfolio includes two industrial distribution sites in Shreveport, Louisiana and Colcord, Oklahoma.; Supports Tri‑State’s integrated distribution platform with coordinated headquarters, primary distribution, and regional fulfillment operations.; Operations are designed for same‑day or next‑day delivery based on proximity to customers and integrated logistics.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chelsea Mandel
    Real Estate License ID: NY
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1510 Grimmett Drive, Shreveport, LA 71107
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