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    Versatile Retail Space in Cotton Valley Title is generated by Realmo AI

    21508 Highway 371, Cotton Valley, LA 71018

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    Claim this Listing
    For Sale
    $50,000

    SINGLE_FAMILY - Cotton Valley, LA

    Type:Retail
    Lot size:
    0.71 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    96
    Last Refresh:
    Jun 2 at 8:06 pm

    Property Features for 21508 Highway 371

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Security features
    Security
    Standard status
    Active
    APN
    121164
    Lot size
    0.71 Acres

    Taxes and HOA fees

    Tax Description
    LOT 157.50 X 196.09 FT. IN NW/4 OF NW/4 SEC.
    Tax Annual Amount
    820

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick, Frame, Concrete
    Roof type
    Flat, Metal

    We can help!

    Listing Contact
    Opha Phillips
    Opha Phillips

    Listing agent Opha Phillips License #0000017291

    Listing office East Bank Real Estate Bossier City, LA

    Listing date Feb 26, 2026

    MLS# 21168778

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent visibility and foot traffic in Cotton Valley.
    • Versatile commercial space suitable for retail, market, deli, or restaurant.
    • Remodeled space with open floor plans adaptable to various business needs.
    • Existing coolers and some kitchen equipment included.
    • Potential for two separate spaces.
    • Ample storage and parking.

    Overview

    This commercial property is located in Cotton Valley, Louisiana. Previously used as a gas station, community market, deli, convenience store, and retail space, the remodeled property offers diverse possibilities for future use, including transformation into a small restaurant. The property includes open floor plans adaptable to various business needs, such as retail, a community market, or an eatery. Some kitchen equipment and coolers remain on-site. The lot size is 0.709 acres. The property offers storage and parking. The property benefits from visibility and foot traffic.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Big Box & Wholesale Store Department Store Food Market Grocery & Convenience Store Daycare Center Barber Shop Arcade & Gaming Center Nursing Home (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cotton Valley
    County
    Webster
    State
    Louisiana
    Longitude
    -93.423355
    Latitude
    32.817016

    Nearby Similar for Sale

    • $100,000

      Cotton Valley Commercial Opportunity

      Buildings and land for sale on a busy corner lot.
      21340 Highway 371, Cotton Valley, LA 71018
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    • $100,000
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      Highway Frontage Buildings For Sale

      Two buildings on a corner lot with highway frontage.
      21340 Highway 371, Cotton Valley, LA 71018
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    • $50,000
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      Versatile Commercial Property in Cotton Valley

      Remodeled commercial property with diverse potential in Cotton Valley.
      21508 Highway 371, Cotton Valley, LA 71018
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial property with diverse potential in Cotton Valley, Louisiana.
    Where is this retail space located?
    The property is located at 21508 Highway 371 Cotton Valley, LA.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Excellent visibility and foot traffic in Cotton Valley.; Versatile commercial space suitable for retail, market, deli, or restaurant.; Remodeled space with open floor plans adaptable to various business needs.
    (318) 658-0345
    We can help!
    Listing Contact
    Opha Phillips
    Opha Phillips
    Real Estate License ID: 0000017291
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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