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    Multi-Building Light Industrial Complex Title is generated by Realmo AI

    2303 Bishop Street, Shreveport, LA 71103

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    Pending
    $182,500

    COMMERCIAL - Shreveport, LA

    Property size:
    13,200 SF
    Lot size:
    1.13 Acres
    Added:
    Sep 30, 2024
    Days on Market:
    612
    Last Refresh:
    Jun 3 at 11:06 am

    Property Features for 2303 Bishop Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Open
    Standard status
    Pending
    APN
    171411-044-0031-00
    Lot size
    1.13 Acres

    Taxes and HOA fees

    Tax Description
    LOTS 31, 32, 33, 34, 35, 36 & 37, MONT-MAC SUB 171

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Building materials
    Brick, MetalSiding

    We can help!

    Listing Contact
    Tahira Abdul-Rahman

    Listing agent Tahira Abdul-Rahman License #0000000058

    Listing office Tahira & Associates Realty Inc Shreveport, LA

    Listing date Sep 30, 2024

    MLS# 277375NL

    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

    • Light Industrial (I‑L) property with all city utilities and public water and public sewer service
    • 3 separate buildings on approximately 1.13 acres: office, shop, and warehouse
    • Office building offers 1,500 sq. ft.
    • Shop building includes 6,000 sq. ft. of work space
    • Warehouse building features 5,800 sq. ft. of storage space
    • Open parking available; minerals are not included with the sale

    Overview

    This sale includes three separate buildings on approximately 1.13 acres. The package consists of an office building with 1,500 sq. ft., a shop building with 6,000 sq. ft. of work space, and a warehouse with 5,800 sq. ft. of storage space. Square footage estimates are believed to be accurate but guaranteed, and the property is served by all city utilities. The sale also notes that minerals are not included.

    The property is located near Old Mansfield Road at 2303 Bishop Street in Shreveport, LA 71103. It is zoned Light Industrial (I-L), which supports industrial and light industrial uses consistent with the property’s built-in mix of office, shop, and storage space.

    For tenants, buyers, or owner-operators seeking functional space under one roofline, the combination of office, shop, and warehouse can support a range of light industrial operations, including in-house administration paired with day-to-day work and storage. The three-building layout also allows for flexible internal use and potential separation of operational functions within a single, I-L zoned site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • Gomze — 3818 Linwood Ave, Shreveport, LA 71103

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.774036
    Latitude
    32.476462

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    FAQs

    What type of property is this?
    Warehouse - Three-building setup offers office, shop workspace, and warehouse storage on Light Industrial-zoned land.
    Where is this warehouse located?
    The property is located at 2303 Bishop Street Shreveport, LA.
    What is the asking price?
    The asking price for this property is $182,500.
    What are key features of this property?
    This property features: Light Industrial (I‑L) property with all city utilities and public water and public sewer service; 3 separate buildings on approximately 1.13 acres: office, shop, and warehouse; Office building offers 1,500 sq. ft.
    (318) 425-2707
    We can help!
    Listing Contact
    Tahira Abdul-Rahman
    Real Estate License ID: 0000000058
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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.

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