Remodeled Stand-Alone
For Sale
$675,000
3015 E Texas St, Bossier City, LA 71111
Freestanding commercial building with I-20 signage visibility and parking secured through an agreement with the adjacent owner.
Property Size3,000 SF
Price / SF$225
Days on Market415
Property Features for 3015 E Texas St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Amenities
Drive-Thru
Vacant
Building Details
Year Built
2002
Buildings
1
Listing Agency:
Citi-Realty LLC
(318) 517-5232
Listed By:
Richard Taylor · License #0000006625
(318) 517-5232
Source:
Lacdb.resimplifi
Added: Jul 13, 2025
Changed: Aug 29
Last Checked: Aug 31 at 12:49PM
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 Citi-Realty LLC
Investment Insights
Based on property information with market context.
This stand-alone storefront property offers 3,000 square feet in a freestanding commercial building constructed in 2002. Remodeling was completed approximately 2 years ago, providing an updated physical setting for the next occupant or owner.
The property sits at the intersection of Airline Drive and East Texas Street in Bossier City, with signage visible from I-20. The building is minutes from I-20, and a generous parking lot is available through an agreement with the adjacent owner.
The property sits at the intersection of Airline Drive and East Texas Street in Bossier City, with signage visible from I-20. The building is minutes from I-20, and a generous parking lot is available through an agreement with the adjacent owner.
Key Highlights
- 3,000 SF stand‑alone storefront building
- Remodeled approximately 2 years ago
- Constructed in 2002
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
$19,771
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
2.93%
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%
$395,420
$395.4K
Cap Rate 7%
$282,443
$282.4K
Cap Rate 9%
$219,678
$219.7K
Market Conditions
NOI Build-Up for 3,000 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
$27.7K $9.24/SF
− Vacancy
−$1.4K −$0.45/SF
EGI
$26.4K $8.79/SF
− OpEx
−$6.6K −$2.20/SF
NOI
$19.8K $6.59/SF
Area
Bossier County, LA
Vacancy
4.90%
Lease Rate
$9.24 /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%
$395,420
Cap Rate 7%
$282,443
Cap Rate 9%
$219,678
Alternative Uses
Best Use
Specialty Retail
$282.4K
$247.1K – $329.5K
NOI $19,771 @ 7.0% cap · market cap 2.93%
Second Best
Retail
$277.3K
$242.7K – $323.5K
NOI $19,412 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$510.7K
$446.9K – $595.8K
NOI $35,748 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
272k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 36%
Apparel 10%
Home Improvements & Furnishings 6%
Dillard's
Apparel
26,700 visits/mo
0.4 miles
Starbucks
Dining
19,728 visits/mo
0.2 miles
Ollie's Bargain Outlet
Shops & Services
17,505 visits/mo
0.1 miles
Chili's Grill & Bar
Dining
16,070 visits/mo
0.1 miles
Circle K
Shops & Services
15,936 visits/mo
0.2 miles
Demographics for 71111, LA
44,476
Population
19,563
Households
2.3
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
45.2 sq mi
ZIP Area
984
Density / Sq Mi
$66,465
Median Household Income
$43,483
Median Earnings
$1,065
Median Rent
$268,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Deb’s Garden LLC — 2154 Airline Dr, Bossier City, LA 71111
- Boone Florist — 2154 airline dr, bossier city, la 71111
- The Magnolis Cottage — 2154 airline dr, bossier city, la 71111
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial building with I-20 signage visibility and parking secured through an agreement with the adjacent owner.
Where is this storefront property located?
The property is located at 3015 E Texas St Bossier City, LA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,000 SF stand‑alone storefront building; Remodeled approximately 2 years ago; Constructed in 2002
