Building Details

Year Built 2007

Listing Agency: Beth King Real Estate, LLC

Listed By: Beth King · License #995706795 Show Phone

Source: Lacdb.resimplifi

Added: Feb 15 Changed: Oct 1 Last Checked: Oct 20 at 5:15PM

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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 Beth King Real Estate, LLC

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Investment Insights

Based on property information with market context.

The property at 1714 Claiborne Avenue features a 6,610-square-foot building and an approximately 1,000-square-foot storage building, situated on 1.34 acres of land. The site includes architecturally stunning monument signage at the corner of Claiborne and McWillie, which can be modified. The grounds are well-landscaped and offer 42 parking spaces, with excess land available for building or parking expansion. The building's efficient design maximizes space utility, incorporating a large waiting room and reception area, three offices (adaptable as additional exam rooms), a file room, break room, conference room, handicap restrooms, nine workstations, a mock apartment (convertible for lab use), a separate server room, and tutor rooms. A large covered walkway provides convenient access during inclement weather. The property is suitable for various office, medical office, or research space applications.

Key Highlights

• 6,610 SF building on 1.34 acres with additional 1,000 SF storage building.
• Excess land allows for building and/or parking expansion.
• Ideal for office, medical office, or research space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,957

Cap Rate

7.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,499,140 $1.5M

Cap Rate 7%

$1,070,814 $1.1M

Cap Rate 9%

$832,856 $832.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,610 SF

Gross rent

$119.0K $18.00/SF

− Vacancy

−$19.0K −$2.88/SF

EGI

$99.9K $15.12/SF

− OpEx

−$25.0K −$3.78/SF

NOI

$75.0K $11.34/SF

Area

Shreveport, LA

Vacancy

16.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,499,140

Cap Rate 7%

$1,070,814

Cap Rate 9%

$832,856

Alternative Uses

Best Use

Office B

$1.07M

$937.0K – $1.25M (±1% cap)

NOI $74,957 @ 7.0% cap · market cap 7.53%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,659 @ 7.0% cap · market cap 9.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

L.A.B. Low Vision ... Charitable Organization

Suggested Use

Top Pick Real Estate Agency Furniture & Home Goods Skin Care Clinic Garden Center Grocery & Convenience Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,539

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office/medical building with expansion potential on 1.34 acres.

Where is this office building located?

The property is located at 1714 Claiborne Ave Shreveport, LA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 6,610 SF building on 1.34 acres with additional 1,000 SF storage building.; Excess land allows for building and/or parking expansion.; Ideal for office, medical office, or research space.