100-Room Travelodge
For Sale
$3,750,000
2134 Greenwood Rd, Shreveport, LA 71103
Hotel near I-20, Willis Knighton North Health Campus, downtown Shreveport, and area casinos.
Property Size51,000 SF
Price / SF$73.53
Days on Market880
Property Features for 2134 Greenwood Rd
General Information
Standard status
Active
Size
51,000 SF
Property subtype
Hospitality
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Lea Hall Properties
Listed By:
Jamie Moreland
(318) 221-1234
Source:
Lacdb.resimplifi
Added: May 1, 2024
Changed: Sep 20
Last Checked: Sep 26 at 3:38AM
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 Lea Hall Properties
Investment Insights
Based on property information with market context.
The property is a 100-room Travelodge by Wyndham hotel comprising approximately 51,000 square feet. Its location provides direct proximity to the I-20 E Greenwood Road exit, supporting access to the regional highway network.
Across I-20 from Willis Knighton North Health Campus, the hotel is also approximately 2 minutes from downtown Shreveport and nearby casinos. The property is located at 2134 Greenwood Rd in Shreveport, Louisiana.
Across I-20 from Willis Knighton North Health Campus, the hotel is also approximately 2 minutes from downtown Shreveport and nearby casinos. The property is located at 2134 Greenwood Rd in Shreveport, Louisiana.
Key Highlights
- 100‑room hotel
- Approximately 51,000 square feet
- Travelodge by Wyndham property
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
$262,211
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
6.99%
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%
$5,244,220
$5.2M
Cap Rate 7%
$3,745,871
$3.7M
Cap Rate 9%
$2,913,456
$2.9M
Market Conditions
NOI Build-Up for 51,000 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
$673.2K $13.20/SF
− Vacancy
−$121.2K −$2.38/SF
EGI
$552.0K $10.82/SF
− OpEx
−$289.8K −$5.68/SF
NOI
$262.2K $5.14/SF
Area
Shreveport, LA
Vacancy
18.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
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%
$5,244,220
Cap Rate 7%
$3,745,871
Cap Rate 9%
$2,913,456
Alternative Uses
Best Use
Hotel Hospitality
$3.75M
$3.28M – $4.37M
NOI $262,211 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.76M
$9.42M – $12.56M
NOI $753,494 @ 7.0% cap · market cap 20.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,647
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Hotel - Hotel near I-20, Willis Knighton North Health Campus, downtown Shreveport, and area casinos.
Where is this hotel located?
The property is located at 2134 Greenwood Rd Shreveport, LA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 100‑room hotel; Approximately 51,000 square feet; Travelodge by Wyndham property
