Office Building with Tesla
For Sale
$849,000
1656 Benton Rd, Bossier City, LA 71111
Two-section office property offers an occupied rear area and an available front unit with on-site parking.
Property Size4,200 SF
Price / SF$202.14
Days on Market43
Property Features for 1656 Benton Rd
General Information
Standard status
Active
Size
4,200 SF
Building Details
Year Built
2005
Listing Agency:
Diamond Realty & Associates
(318) 746-0011
Listed By:
Casey Tubbs · License #0995699928
Source:
Heritance
Added: Jul 19
Changed: Aug 29
Last Checked: Aug 29 at 11:26AM
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 Diamond Realty & Associates
Investment Insights
Based on property information with market context.
This 4,200-square-foot office building at 1656 Benton Rd in Bossier City was constructed in 2005. The layout includes a 3,000-square-foot front unit that is currently unoccupied and a 1,200-square-foot rear office area with one tenant in place. The existing lease on the rear section has four years remaining on its original five-year term.
The property includes on-site parking and a Tesla charger positioned at the back of the building. Its Benton Road address provides a defined commercial setting for an office user or owner seeking a building with both leased and vacant areas.
The property includes on-site parking and a Tesla charger positioned at the back of the building. Its Benton Road address provides a defined commercial setting for an office user or owner seeking a building with both leased and vacant areas.
Key Highlights
- 4,200‑square‑foot office building constructed in 2005
- 3,000‑square‑foot vacant front unit
- 1,200‑square‑foot rear office area with one tenant
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
$41,448
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
4.88%
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%
$828,960
$829.0K
Cap Rate 7%
$592,114
$592.1K
Cap Rate 9%
$460,533
$460.5K
Market Conditions
NOI Build-Up for 4,200 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
$65.0K $15.48/SF
− Vacancy
−$9.8K −$2.32/SF
EGI
$55.3K $13.16/SF
− OpEx
−$13.8K −$3.29/SF
NOI
$41.4K $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%
$828,960
Cap Rate 7%
$592,114
Cap Rate 9%
$460,533
Alternative Uses
Best Use
Office B
$592.1K
$518.1K – $690.8K
NOI $41,448 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$715.0K
$625.6K – $834.1K
NOI $50,047 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
810
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
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Frequently Asked Questions
What type of property is this?
Office building - Two-section office property offers an occupied rear area and an available front unit with on-site parking.
Where is this office building located?
The property is located at 1656 Benton Rd Bossier City, LA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 4,200‑square‑foot office building constructed in 2005; 3,000‑square‑foot vacant front unit; 1,200‑square‑foot rear office area with one tenant
