Renovated Single-Tenant Office
New
For Sale
$250,000
2303 Line Ave, Shreveport, LA 71104
Office property with a substantial parking area and 2023 interior renovation near Line Ave and Boulevard Street.
Property Size1,266 SF
Price / SF$197.47
Days on Market7
Property Features for 2303 Line Ave
General Information
Standard status
Active
Size
1,266 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1952
Year Renovated
2023
Buildings
1
Tenancy
Single
Listing Agency:
Walker-Alley & Associates
(318) 222-2022
Listed By:
Danielle Cummings · License #0995687005
Source:
Yourdavisteam
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 30 at 8:32PM
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 Walker-Alley & Associates
Investment Insights
Based on property information with market context.
This single-tenant office building was originally constructed as a medical clinic and remained in medical-office use before its 2023 renovation. The property was subsequently remodeled for an architect’s office, providing an updated office setting within a building dating to 1952. A large parking lot serves the site.
The building is positioned at Line Ave and Boulevard Street, north of Kings Hwy, in Shreveport’s Historic Highland Neighborhood. Its established setting and office configuration support continued professional use, while the prior clinic layout provides relevant background for medical-office users evaluating the property.
The building is positioned at Line Ave and Boulevard Street, north of Kings Hwy, in Shreveport’s Historic Highland Neighborhood. Its established setting and office configuration support continued professional use, while the prior clinic layout provides relevant background for medical-office users evaluating the property.
Key Highlights
- 2023 renovation completed for an architect’s office
- Originally built as a medical clinic in 1952
- Single‑tenant office building
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
$14,356
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
5.74%
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%
$287,120
$287.1K
Cap Rate 7%
$205,086
$205.1K
Cap Rate 9%
$159,511
$159.5K
Market Conditions
NOI Build-Up for 1,266 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
$22.8K $18.00/SF
− Vacancy
−$3.6K −$2.88/SF
EGI
$19.1K $15.12/SF
− OpEx
−$4.8K −$3.78/SF
NOI
$14.4K $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%
$287,120
Cap Rate 7%
$205,086
Cap Rate 9%
$159,511
Alternative Uses
Best Use
Office B
$205.1K
$179.5K – $239.3K
NOI $14,356 @ 7.0% cap · market cap 5.74%
Second Best
Healthcare Medical
$203.7K
$178.2K – $237.6K
NOI $14,256 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$267.2K
$233.8K – $311.7K
NOI $18,704 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
Explore this area
Business Placement
Demographics for 71104, LA
13,680
Population
7,160
Households
1.9
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
3,508
Density / Sq Mi
$53,481
Median Household Income
$36,693
Median Earnings
$1,071
Median Rent
$163,300
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?
Office building - Office property with a substantial parking area and 2023 interior renovation near Line Ave and Boulevard Street.
Where is this office building located?
The property is located at 2303 Line Ave Shreveport, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2023 renovation completed for an architect’s office; Originally built as a medical clinic in 1952; Single‑tenant office building
