Divisible Medical Office
For Sale
Contact for pricing
2205 E 70th Street, Shreveport, LA 71105
Divisible office building with C-1 zoning and generous surface parking, suited for single or multiple professional tenants.
Property Size10,185 SF
Price / SF$188.51
Days on Market183
Property Features for 2205 E 70th Street
General Information
Standard status
Active
Size
10,185 SF
Total Parking Spaces
68
Property subtype
Office
Zoning
C-1
Investment Type
Owner/User
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
Vintage Realty Company
Listed By:
Michele Sauls · License #LA BROK.0000011862.A -ASA
(318) 222-2244
Source:
Crexi
Added: Mar 10
Changed: Aug 26
Last Checked: Sep 8 at 8:40AM
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 Vintage Realty Company
Investment Insights
Based on property information with market context.
This office building offers flexible configurations for a single medical practice or multiple professional tenants. The property is divisible and includes a total footprint of 10,185 square feet, supported by generous surface parking. It is offered for sale with C-1 zoning, which supports a wide range of medical and professional uses and can serve both owner-occupants and investors.
The building is positioned at the signalized intersection of East 70th Street and Bert Kouns Industrial Loop, providing visibility along a high-traffic corridor. It is described as being within minutes of major hospitals and numerous specialty clinics, offering convenience for healthcare users.
The combination of divisibility, office configuration flexibility, and available parking makes the property adaptable for different professional tenant layouts while remaining in a single, C-1 zoned building.
The building is positioned at the signalized intersection of East 70th Street and Bert Kouns Industrial Loop, providing visibility along a high-traffic corridor. It is described as being within minutes of major hospitals and numerous specialty clinics, offering convenience for healthcare users.
The combination of divisibility, office configuration flexibility, and available parking makes the property adaptable for different professional tenant layouts while remaining in a single, C-1 zoned building.
Key Highlights
- Divisible office building suited for a single medical practice or multiple professional tenants
- 10,185 SF footprint with divisibility for flexible layouts
- C‑1 zoning supporting a wide range of medical and professional uses
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
$115,498
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
6.02%
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%
$2,309,960
$2.3M
Cap Rate 7%
$1,649,971
$1.6M
Cap Rate 9%
$1,283,311
$1.3M
Market Conditions
NOI Build-Up for 10,185 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
$183.3K $18.00/SF
− Vacancy
−$29.3K −$2.88/SF
EGI
$154.0K $15.12/SF
− OpEx
−$38.5K −$3.78/SF
NOI
$115.5K $11.34/SF
Area
Shreveport, LA
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,309,960
Cap Rate 7%
$1,649,971
Cap Rate 9%
$1,283,311
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.92M
NOI $115,498 @ 7.0% cap · market cap 6.02%
Second Best
Healthcare Medical
$1.64M
$1.43M – $1.91M
NOI $114,691 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,477 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71105, LA
21,308
Population
11,139
Households
1.9
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
9.5 sq mi
ZIP Area
2,243
Density / Sq Mi
$66,758
Median Household Income
$48,396
Median Earnings
$1,247
Median Rent
$216,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Divisible office building with C-1 zoning and generous surface parking, suited for single or multiple professional tenants.
Where is this medical office space located?
The property is located at 2205 E 70th Street Shreveport, LA.
What is the asking price?
The asking price for this property is $1,920,000.
What are key features of this property?
This property features: Divisible office building suited for a single medical practice or multiple professional tenants; 10,185 SF footprint with divisibility for flexible layouts; C‑1 zoning supporting a wide range of medical and professional uses
