Leased Medical Office
For Sale
$319,000
1953 E 70th St, Shreveport, LA 71105
C-2-zoned medical office with an established occupant and a recently executed lease agreement.
Property Size2,200 SF
Price / SF$145
Days on Market588
Property Features for 1953 E 70th St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Office
Zoning
C-2
Additional Details
Office Units
4
Listing Agency:
Century 21 Elite
Listed By:
Douglas Abington
(318) 572-1568
Source:
Lacdb.resimplifi
Added: Mar 5, 2025
Changed: Oct 4
Last Checked: Oct 12 at 4:42PM
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 Century 21 Elite
Investment Insights
Based on property information with market context.
This 2,200-square-foot medical office suite is located at 1953 E 70th St in Shreveport, Louisiana. The space is occupied by a medical office user under a recently signed lease agreement, providing an existing tenancy profile for the property.
The suite is part of Corporate Square, where four office suites are available for purchase together as a package. The property carries C-2 zoning, and rent rolls are available upon request.
The suite is part of Corporate Square, where four office suites are available for purchase together as a package. The property carries C-2 zoning, and rent rolls are available upon request.
Key Highlights
- 2,200 SF medical office suite
- Current medical office tenant in place
- Recently signed lease agreement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,948
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,960
$499.0K
Cap Rate 7%
$356,400
$356.4K
Cap Rate 9%
$277,200
$277.2K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$39.6K $18.00/SF
− Vacancy
−$6.3K −$2.88/SF
EGI
$33.3K $15.12/SF
− OpEx
−$8.3K −$3.78/SF
NOI
$24.9K $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%
$498,960
Cap Rate 7%
$356,400
Cap Rate 9%
$277,200
Alternative Uses
Best Use
Office B
$356.4K
$311.9K – $415.8K
NOI $24,948 @ 7.0% cap · market cap 7.82%
Second Best
Healthcare Medical
$353.9K
$309.7K – $412.9K
NOI $24,774 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$464.3K
$406.3K – $541.7K
NOI $32,504 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71105, LA
21,308
Population
11,139
Households
1.9
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
9.5 sq mi
ZIP Area
2,243
Density / Sq Mi
$66,758
Median Household Income
$48,396
Median Earnings
$1,247
Median Rent
$216,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - C-2-zoned medical office with an established occupant and a recently executed lease agreement.
Where is this medical office space located?
The property is located at 1953 E 70th St Shreveport, LA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 2,200 SF medical office suite; Current medical office tenant in place; Recently signed lease agreement
