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    Centrally Located Church with Annex Title is generated by Realmo AI

    1535 Myrtle Street, Shreveport, LA 71101

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    For Sale
    $300,000

    COMMERCIAL - Shreveport, LA

    Lot size:
    0.75 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    37
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 1535 Myrtle Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot, Garage
    Standard status
    Active
    APN
    181436025001800
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Description
    LOTS 18, 19, 20 & 21, R. T. COLE SUB., ALLEND
    Tax Annual Amount
    22407

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    3
    Number of units
    1
    Flooring type
    Concrete, Carpet
    Building materials
    Brick, WoodSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Florence Jackson

    Listing agent Florence Jackson License #0995701435

    Listing office Imperial Realty Group Shreveport, LA

    Listing date Apr 29, 2026

    MLS# 21229314

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Brick and wood‑siding church property with concrete and carpet flooring
    • Main sanctuary with spacious layout for worship services, community gatherings, or large events
    • Separate annex building for offices, classrooms, or meeting spaces
    • On‑site parking lot plus garage parking
    • New shingle roof installed in 2020
    • Served by public water and public sewer

    Overview

    This centrally located church property is built around a spacious main sanctuary suitable for worship services, community gatherings, or large events. The site also includes a separate annex building, which can support a variety of functions such as offices, classrooms, meeting spaces, or other programming needs. Ample on-site parking helps accommodate congregants, staff, and future visitors, and a new roof installed in 2020 provides added confidence for ongoing ownership.

    The property is positioned for easy accessibility in the heart of town, supporting its usefulness for both established organizations and groups looking for flexible space. With its combination of a primary sanctuary layout and an additional annex, the site is well-suited to operations that require both a main assembly area and dedicated supporting rooms.

    For tenants, buyers, or investors, the configuration offers straightforward options for continued religious use, community programming, or administrative functions leveraging the annex. The property’s adaptable footprint also aligns with adaptive reuse concepts for organizations or investors seeking to repurpose a well-positioned facility for community use or redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Midway Baptist Church Church Midway Food Pantry ... Food Bank

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.762174
    Latitude
    32.507599

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    FAQs

    What type of property is this?
    Church & religious facility - Spacious sanctuary plus a separate annex and ample parking, ideal for worship and flexible community or office use.
    Where is this church & religious facility located?
    The property is located at 1535 Myrtle Street Shreveport, LA.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Brick and wood‑siding church property with concrete and carpet flooring; Main sanctuary with spacious layout for worship services, community gatherings, or large events; Separate annex building for offices, classrooms, or meeting spaces
    (318) 610-1700
    We can help!
    Listing Contact
    Florence Jackson
    Real Estate License ID: 0995701435
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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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