Retail Space with Delivery
For Sale
Contact for pricing
2833 Summergrove Drive #1, Shreveport, LA 71118
Remodeled end-unit space offers a broad open area, kitchen space, storage, and delivery access.
Property Size10,000 SF
Price / SF$0.55
Days on Market50
Property Features for 2833 Summergrove Drive #1
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Retail
Site & Location
Neighborhood
Summer Grove
Building Details
Year Built
1960
Listing Agency:
Diamond Realty & Associates
(318) 746-0011
Listed By:
Van Ferguson · License #0995706139
(318) 773-2344
Source:
Lonestarluxuryrealty
Added: Sep 5
Changed: Oct 6
Last Checked: Oct 23 at 9:12AM
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 Diamond Realty & Associates
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Investment Insights
Based on property information with market context.
This east-end retail space in a strip center contains approximately 10,000 square feet and was remodeled recently. The layout includes a large main room, a separate kitchen area, and a substantial storage room, creating a flexible interior arrangement for retail or other commercial use. A side-entry overhead door supports delivery access.
Built in 1960, the space was previously configured as an event center and was originally occupied by a grocery store. Its end-unit position and combination of open area, back-of-house space, and delivery access provide the property’s primary physical features.
Built in 1960, the space was previously configured as an event center and was originally occupied by a grocery store. Its end-unit position and combination of open area, back-of-house space, and delivery access provide the property’s primary physical features.
Key Highlights
- Approximately 10,000 square feet of retail space
- East‑end position within a strip center
- Large main room with separate kitchen area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,120
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,982,400
$2.0M
Cap Rate 7%
$1,416,000
$1.4M
Cap Rate 9%
$1,101,333
$1.1M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$150.0K $15.00/SF
− Vacancy
−$8.4K −$0.84/SF
EGI
$141.6K $14.16/SF
− OpEx
−$42.5K −$4.25/SF
NOI
$99.1K $9.91/SF
Area
Shreveport, LA
Vacancy
5.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,982,400
Cap Rate 7%
$1,416,000
Cap Rate 9%
$1,101,333
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.65M
NOI $99,120 @ 7.0% cap · market cap 1,802.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,744 @ 7.0% cap · market cap 2,686.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
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Business Placement
Demographics for 71118, LA
24,582
Population
10,078
Households
2.4
Avg Household Size
38
Median Age
20%
College-Educated
90%
High-School Grad
13.1 sq mi
ZIP Area
1,876
Density / Sq Mi
$56,952
Median Household Income
$37,241
Median Earnings
$1,009
Median Rent
$168,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Remodeled end-unit space offers a broad open area, kitchen space, storage, and delivery access.
Where is this retail space located?
The property is located at 2833 Summergrove Drive #1 Shreveport, LA.
What are key features of this property?
This property features: Approximately 10,000 square feet of retail space; East‑end position within a strip center; Large main room with separate kitchen area
