Five-Building Flex
For Sale
$1,300,000
2134 E Texas St, Bossier City, LA 71111
Office/showroom and warehouse areas support varied commercial configurations.
Property Size18,840 SF
Price / SF$69
Days on Market150
Property Features for 2134 E Texas St
General Information
Standard status
Active
Size
18,840 SF
Property subtype
Investment
Zoning
B-3
Warehouse & Industrial
Warehouse Space
10,700 SF
Office Build-Out
8,100 SF
Drive-In Doors
15
Building Details
Buildings
5
Listing Agency:
Atkins Real Estate Services, LLC
(318) 426-2592
Listed By:
John Atkins · License #0995683511
(318) 426-2592
Source:
Lacdb.resimplifi
Added: Apr 4
Changed: Aug 30
Last Checked: Aug 30 at 1:04PM
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 Atkins Real Estate Services, LLC
Investment Insights
Based on property information with market context.
This flex property includes five buildings arranged around almost an acre of paved ground. The improvements provide 8,100 square feet of office or showroom space alongside 10,700 square feet of warehouse area. Loading is handled by 15 overhead, grade-level doors, including 14 doors measuring 12 feet high and one measuring 8 feet high.
Located at 2134 E Texas St in Bossier City, the property carries B-3 zoning. Its separate buildings and combination of office, showroom, and warehouse areas provide a physical layout that can accommodate multiple tenant areas. Electrical service is currently off, and a flashlight is needed to show the buildings.
Located at 2134 E Texas St in Bossier City, the property carries B-3 zoning. Its separate buildings and combination of office, showroom, and warehouse areas provide a physical layout that can accommodate multiple tenant areas. Electrical service is currently off, and a flashlight is needed to show the buildings.
Key Highlights
- Five buildings with almost an acre of paved ground
- 8,100 sq. ft. of office or showroom space
- 10,700 sq. ft. of warehouse area
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
$110,621
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%
$2,212,420
$2.2M
Cap Rate 7%
$1,580,300
$1.6M
Cap Rate 9%
$1,229,122
$1.2M
Market Conditions
NOI Build-Up for 18,840 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
$169.6K $9.00/SF
− Vacancy
−$11.5K −$0.61/SF
EGI
$158.0K $8.39/SF
− OpEx
−$47.4K −$2.52/SF
NOI
$110.6K $5.87/SF
Area
Bossier County, LA
Vacancy
6.80%
Lease Rate
$9.00 /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%
$2,212,420
Cap Rate 7%
$1,580,300
Cap Rate 9%
$1,229,122
Alternative Uses
Best Use
Office B
$2.66M
$2.32M – $3.10M
NOI $185,923 @ 7.0% cap · market cap 14.30%
Second Best
Flex RnD
$2.32M
$2.03M – $2.71M
NOI $162,554 @ 7.0% cap · market cap 12.50%
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,496 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Drive-in doors
Location Intelligence
Trade Area within ½ mile
690
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.
Frequently Asked Questions
What type of property is this?
Flex space - Office/showroom and warehouse areas support varied commercial configurations.
Where is this flex space located?
The property is located at 2134 E Texas St Bossier City, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Five buildings with almost an acre of paved ground; 8,100 sq. ft. of office or showroom space; 10,700 sq. ft. of warehouse area
