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    Freestanding Flex Storage Building Title is generated by Realmo AI

    2421 Mill Street, Ringgold, LA 71068

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    Claim this Listing
    For Sale
    $114,900

    COMMERCIAL - Ringgold, LA

    Property size:
    4,000 SF
    Lot size:
    0.51 Acres
    Price / SF:
    $28/SF
    Added:
    Mar 2, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 2421 Mill Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    0450031695
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Description
    STORE BLDG. & LOT IN LOT 120, DESC. AS BEG. A
    Tax Annual Amount
    1312

    Utilities

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

    Building Details

    Year built
    1935
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete, Carpet, Combination, Laminate
    Building materials
    Block, Concrete, SteelSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Michael Salter

    Listing agent Michael Salter License #0000012182

    Listing office Century 21 Elite Shreveport, LA

    Listing date Mar 2, 2026

    MLS# 21092649

    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

    • Approximately 4,000 SF free‑standing building in Ringgold, LA, located next to Bank of Montgomery
    • Front section includes two private offices plus kitchenette and a bathroom
    • Back half offers warehouse/storage space and could be used for working on vehicles
    • Metal roof and central heating with central air
    • Public water and public sewer
    • Garage parking; metal roof with fresh paint and new flooring & fixtures

    Overview

    This freestanding flex and storage building offers a practical mix of office and back-of-house space. The front section includes two private offices, along with a kitchenette and bathroom. The rear portion is laid out for warehouse or storage use, with flexibility for activities such as storage or working on vehicles, depending on your operational needs. Recent improvements include a metal roof, fresh paint, new flooring, and updated fixtures.

    The property is located in Ringgold, Louisiana, next to Bank of Montgomery. With a standalone configuration, it provides straightforward access for day-to-day operations and the ability to separate administrative space from working/storage space.

    With its office finish in the front and versatile storage area in the back, the building is well-suited for small businesses that need on-site workspace alongside storage. It may also interest buyers looking for a turnkey-use property with refreshed interiors, where part of the footprint can support light operational activity while keeping an office presence for meetings and customer-facing work.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Pharmacy Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ringgold
    County
    Bienville
    State
    Louisiana
    Longitude
    -93.2839896
    Latitude
    32.3288895

    FAQs

    What type of property is this?
    Flex space - Freestanding building with office area, kitchenette, and warehouse space suitable for a range of storage and light work.
    Where is this flex space located?
    The property is located at 2421 Mill Street Ringgold, LA.
    What is the asking price?
    The asking price for this property is $114,900.
    What are key features of this property?
    This property features: Approximately 4,000 SF free‑standing building in Ringgold, LA, located next to Bank of Montgomery; Front section includes two private offices plus kitchenette and a bathroom; Back half offers warehouse/storage space and could be used for working on vehicles
    (318) 868-3600
    We can help!
    Listing Contact
    Michael Salter
    Real Estate License ID: 0000012182
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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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