Private-Office Suite with Waiting
New
For Sale
Contact for pricing
1953 E 70th Street #3, Shreveport, LA 71105
A freshly updated professional suite offers a private-office layout with two restrooms and a dedicated storage room.
Property Size1,500 SF
Price / SF$1.33
Days on Market2
Property Features for 1953 E 70th Street #3
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Site & Location
Neighborhood
Shreve Island
Highway Access
Yes
Additional Details
Property Use
Office
Building Details
Year Built
1975
Listing Agency:
Coldwell Banker Apex, REALTORS
(318) 861-2461
Listed By:
Andrew Cordaro · License #995686324
(318) 455-3661
Source:
Dallasandbeyond
Added: Oct 30
Last Checked: Oct 30 at 3:07PM
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 Coldwell Banker Apex, REALTORS
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Investment Insights
Based on property information with market context.
This 1,600-square-foot office suite includes five private offices, two restrooms, a waiting room, and a storage room. Fresh paint and carpet have been installed, and a new kitchenette and breakroom are under construction. The layout is identified for general office or medical use.
The suite is on East 70th Street in southeast Shreveport, between East Kings Highway and Bert Kouns. The landlord covers property taxes, building insurance, and association dues; those dues include water, sewer, dumpster service, lawn and landscape care, and exterior maintenance. The tenant is responsible for electricity and internet.
The suite is on East 70th Street in southeast Shreveport, between East Kings Highway and Bert Kouns. The landlord covers property taxes, building insurance, and association dues; those dues include water, sewer, dumpster service, lawn and landscape care, and exterior maintenance. The tenant is responsible for electricity and internet.
Key Highlights
- 1,600‑square‑foot suite with five private offices
- Two restrooms, waiting room, and storage room
- Fresh paint and carpet; new kitchenette and breakroom under construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,010
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,200
$340.2K
Cap Rate 7%
$243,000
$243.0K
Cap Rate 9%
$189,000
$189.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$4.3K −$2.88/SF
EGI
$22.7K $15.12/SF
− OpEx
−$5.7K −$3.78/SF
NOI
$17.0K $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%
$340,200
Cap Rate 7%
$243,000
Cap Rate 9%
$189,000
Alternative Uses
Best Use
Office B
$243.0K
$212.6K – $283.5K
NOI $17,010 @ 7.0% cap · market cap 850.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 1,108.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A freshly updated professional suite offers a private-office layout with two restrooms and a dedicated storage room.
Where is this office unit located?
The property is located at 1953 E 70th Street #3 Shreveport, LA.
What are key features of this property?
This property features: 1,600‑square‑foot suite with five private offices; Two restrooms, waiting room, and storage room; Fresh paint and carpet; new kitchenette and breakroom under construction
