Four-Unit Strip
For Sale
Contact for pricing
1850 Nelson St, Shreveport, LA 71107
Four-unit strip center with two units owner-occupied as a chiropractic care clinic.
Property Size6,000 SF
Lot Size0.46 Acres
Price / SF$133.33
Days on Market271
Property Features for 1850 Nelson St
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.46 Acres
Property subtype
RETAIL
Listing Agency:
Estep & Associates Real Estate Services
Listed By:
Cindi Estep · License #995716603
(318) 349-6467
Source:
Moodyscre
Added: Dec 11, 2025
Changed: Sep 5
Last Checked: Jul 22 at 7:04PM
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 Estep & Associates Real Estate Services
Investment Insights
Based on property information with market context.
This four-unit strip center totals approximately 6,000 square feet and sits on about 0.46 acres. The property is currently owner-occupied and operated as a chiropractic care clinic, with two of the four units in use for that purpose.
The center is located just off N Market Street at 1850 Nelson St in Shreveport, LA. It is positioned across from an AutoZone and close to the Amazon Fulfillment Center, not far from the Northwest Shreveport Campus of Louisiana Technical College.
For sale as a redevelopment opportunity, the building’s existing four-unit configuration provides flexibility for future use while maintaining income-producing space where applicable.
The center is located just off N Market Street at 1850 Nelson St in Shreveport, LA. It is positioned across from an AutoZone and close to the Amazon Fulfillment Center, not far from the Northwest Shreveport Campus of Louisiana Technical College.
For sale as a redevelopment opportunity, the building’s existing four-unit configuration provides flexibility for future use while maintaining income-producing space where applicable.
Key Highlights
- Four‑unit strip center on 0.46 acres
- Owner‑occupied property with two units currently used as a chiropractic care clinic
- Located just off N Market Street, across from AutoZone
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
$68,040
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
8.51%
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%
$1,360,800
$1.4M
Cap Rate 7%
$972,000
$972.0K
Cap Rate 9%
$756,000
$756.0K
Market Conditions
NOI Build-Up for 6,000 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
$108.0K $18.00/SF
− Vacancy
−$17.3K −$2.88/SF
EGI
$90.7K $15.12/SF
− OpEx
−$22.7K −$3.78/SF
NOI
$68.0K $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 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%
$1,360,800
Cap Rate 7%
$972,000
Cap Rate 9%
$756,000
Alternative Uses
Best Use
Office B
$972.0K
$850.5K – $1.13M
NOI $68,040 @ 7.0% cap · market cap 8.51%
Second Best
Healthcare Medical
$965.2K
$844.6K – $1.13M
NOI $67,565 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,646 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 71107, LA
31,311
Population
13,636
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
137.2 sq mi
ZIP Area
228
Density / Sq Mi
$48,114
Median Household Income
$31,075
Median Earnings
$909
Median Rent
$157,000
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?
Strip mall - Four-unit strip center with two units owner-occupied as a chiropractic care clinic.
Where is this strip mall located?
The property is located at 1850 Nelson St Shreveport, LA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Four‑unit strip center on 0.46 acres; Owner‑occupied property with two units currently used as a chiropractic care clinic; Located just off N Market Street, across from AutoZone
