Radiator Shop
For Sale
$75,000
2079 Texas Avenue, Shreveport, LA 71103
990 SF building suitable for auto or body shop.
Property Size990 SF
Price / SF$75.76
Days on Market114
Property Features for 2079 Texas Avenue
General Information
Standard status
Active
Size
990 SF
Property subtype
Commercial
Zoning
commercial
Building Details
Building Size
990 SF
Year Built
1940
Stories
1
Units
1
Listing Agency:
Summit Executive Realty
(318) 458-6759
Listed By:
Mary Ruffins · License #0099561874
(318) 458-6759
Source:
Signaturere
Added: Apr 22
Changed: Aug 8
Last Checked: Aug 12 at 12:12PM
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 Summit Executive Realty
Investment Insights
Based on property information with market context.
This 990 square foot building was previously used as a radiator shop and is suitable for use as a body shop. The seller is open to offers.
Key Highlights
- Suitable for use as a body shop.
- Building previously used as a radiator shop.
- Seller encourages offers.
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
$6,200
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
8.27%
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%
$124,000
$124.0K
Cap Rate 7%
$88,571
$88.6K
Cap Rate 9%
$68,889
$68.9K
Market Conditions
NOI Build-Up for 990 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
$9.5K $9.60/SF
− Vacancy
−$646 −$0.65/SF
EGI
$8.9K $8.95/SF
− OpEx
−$2.7K −$2.68/SF
NOI
$6.2K $6.26/SF
Area
Shreveport, LA
Vacancy
6.80%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$124,000
Cap Rate 7%
$88,571
Cap Rate 9%
$68,889
Alternative Uses
Best Use
Retail
$140.2K
$122.7K – $163.6K
NOI $9,813 @ 7.0% cap · market cap 13.08%
Second Best
Industrial
$88.6K
$77.5K – $103.3K
NOI $6,200 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$209.0K
$182.8K – $243.8K
NOI $14,627 @ 7.0% cap · market cap 19.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,538
Businesses Nearby
Well-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gerteis Motors — 1702 Kings Hwy, Shreveport, LA 71103
- Shreveport Mobile Truck Repair — 2727 Mansfield Rd, Shreveport, LA 71103
- BC Wheel Repair — 1625 W Kirby Pl, Shreveport, LA 71103
- BC Wheel Repair/Twin City Wheel Repair — 1625 W Kirby Pl, Shreveport, LA 71103
- automotive performance and fabrication — same buding as Warren's Automotive, 1520 W Kirby Pl, Shreveport, LA 71103
Frequently Asked Questions
What type of property is this?
Auto shop - 990 SF building suitable for auto or body shop.
Where is this auto shop located?
The property is located at 2079 Texas Avenue Shreveport, LA.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Suitable for use as a body shop.; Building previously used as a radiator shop.; Seller encourages offers.
