Industrial Property with Two
For Sale
$750,000
2117 California, Bossier City, LA 71111
1.6 acres with two warehouses and office space.
Property Size13,045 SF
Lot Size1.60 Acres
Price / SF$91.91
Days on Market126
Property Features for 2117 California
General Information
Standard status
Active
Size
13,045 SF
Lot size
1.60 Acres
Property subtype
Commercial
Zoning
I-1
Building Details
Building Size
13,045 SF
Year Built
1958
Stories
1
Units
2
Listing Agency:
Century 21 United
(318) 212-0021
Listed By:
Stan Cole · License #0000049043
(318) 469-1673
Source:
Signaturere
Added: Apr 22
Changed: Aug 15
Last Checked: Aug 25 at 8:26AM
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 United
Investment Insights
Based on property information with market context.
This property features 1.6 acres of land zoned I-1, located off Benton Road at the end of California Drive. The site includes two buildings, with addresses at 2115 and 2117 California Drive. The main building offers approximately 1000 square feet of office space equipped with central HVAC. The total square footage of the main building is 8160. The warehouse portion of this building includes overhead doors, high ceilings, and two 5,000 BTU gas heaters. The second warehouse measures 4885 square feet and also has overhead doors. It contains a paint booth equipped with a 1,000,000 BTU gas heater.
Key Highlights
- 8,160 sq ft main building featuring office space, overhead doors, and high ceilings
- 4,885 sq ft second warehouse with overhead doors and paint booth
- 1.6 acre lot zoned I‑1
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
$52,088
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
6.95%
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%
$1,041,760
$1.0M
Cap Rate 7%
$744,114
$744.1K
Cap Rate 9%
$578,756
$578.8K
Market Conditions
NOI Build-Up for 8,160 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
$81.3K $9.96/SF
− Vacancy
−$20.0K −$2.45/SF
EGI
$61.3K $7.51/SF
− OpEx
−$9.2K −$1.13/SF
NOI
$52.1K $6.38/SF
Area
Bossier County, LA
Vacancy
24.60%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,041,760
Cap Rate 7%
$744,114
Cap Rate 9%
$578,756
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,527 @ 7.0% cap · market cap 10.74%
Second Best
Warehouse
$744.1K
$651.1K – $868.1K
NOI $52,088 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,234 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71111, LA
44,476
Population
19,563
Households
2.3
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
45.2 sq mi
ZIP Area
984
Density / Sq Mi
$66,465
Median Household Income
$43,483
Median Earnings
$1,065
Median Rent
$268,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- SecurCare Self Storage — 1702 Benton Rd, Bossier City, LA 71111
Frequently Asked Questions
What type of property is this?
Warehouse - 1.6 acres with two warehouses and office space.
Where is this warehouse located?
The property is located at 2117 California Bossier City, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 8,160 sq ft main building featuring office space, overhead doors, and high ceilings; 4,885 sq ft second warehouse with overhead doors and paint booth; 1.6 acre lot zoned I‑1
