Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Shreveport Multifamily Investment Opportunity Title is generated by Realmo AI

    304 Herndon Street, Shreveport, LA 71101

    View on Map
    Claim this Listing
    Picture of Multifamily properties at 304 Herndon Street, Shreveport, LA
    For Sale
    Under Contract
    $285,000

    Business - Shreveport, LA

    Type:Business
    Lot size:
    0.40 Acres
    Added:
    May 15, 2026
    Days on Market:
    9
    Last Refresh:
    May 23 at 9:06 am

    Property Features for 304 Herndon Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Off Street, Parking Lot
    Standard status
    Active Under Contract
    APN
    171306001006100
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1969
    Flooring type
    Vinyl
    Building materials
    Brick, Frame, Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Afentul
    Steve Afentul

    Listing agent Steve Afentul License #0000059562

    Listing office Century 21 Elite 8575 Fern Avenue, No. 105, Shreveport, LA

    Listing date May 15, 2026

    MLS# 21081587 Listing URL

    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

    • Steady income potential.
    • Tenants pay all utilities.
    • All units have central heat and air.
    • Constructed with durable brick, frame, and vinyl siding.
    • Off‑street parking and parking lot available.
    • Central air conditioning.

    Overview

    This multifamily property in Shreveport, Louisiana, presents an investment opportunity with a history of steady income. The property, situated on a 0.401-acre lot, features multiple units where tenants are responsible for covering all utility expenses. Each unit is equipped with central heating and air conditioning. The provided expense information excludes the costs of taxes and insurance. This property is located in Caddo Parish.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.735765
    Latitude
    32.496601

    Nearby Similar for Sale

    • $695,000
      11,810 SF

      Shreveport Retail/Office Opportunity

      Expansive commercial property with high visibility and flexible space.
      2430 Line Avenue, Shreveport, LA 71104
      View Details
    • $550,000

      Equipped Commercial Property on Mansfield

      Turnkey commercial property with high visibility and traffic.
      9830 Mansfield Road, Shreveport, LA 71118
      View Details
    • $625,000
      6,133 SF

      Shreveport Office Building For Sale

      6133 SF office building in Shreveport, built in 2000.
      3312 North Market Street, Shreveport, LA 71107
      View Details
    • $650,000

      Industrial Warehouse with Heavy-Duty Infrastructure

      20,618 SF industrial warehouse with office space and heavy-duty features.
      250 Montgomery Street, Shreveport, LA 71107
      View Details
    • $575,000

      Veterinary Office Near Kings Hwy

      Move-in ready veterinary office near Kings Hwy and Youree Drive.
      2900 Youree Drive, Shreveport, LA 71104
      View Details
    • $279,900
      4,200 SF

      Renovated Commercial Property with Shop Space

      Flexible office and shop space designed for efficiency and expansion.
      1717 Edwards Street, Shreveport, LA 71101
      View Details
    • $395,000

      Versatile Commercial Building on Bert Kouns

      Well-maintained commercial building suitable for medical, dental, or professional office.
      672 West Bert Kouns Industrial Loop, Shreveport, LA 71118
      View Details
    • $1,000,000
      37,576 SF

      Shreveport Industrial Property with Cranes

      Industrial property with cranes and quick access to major highways.
      717 Grimmett Drive, Shreveport, LA 71107
      View Details
    • $578,000

      Shreveport Office Warehouse Building

      19,000+ sqft office/warehouse near I-20 and I-49.
      147 E Stoner Avenue, Shreveport, LA 71101
      View Details
    • $450,000

      Spacious Shreveport Property with Sanctuary

      Versatile Shreveport property featuring a large sanctuary and classrooms.
      5823 Ledbetter Street, Shreveport, LA 71108
      View Details
    • $95,000
      1,250 SF

      Shreveport Office with Storage

      Commercial building near airport with office and storage.
      4611 Monkhouse Drive, Shreveport, LA 71109
      View Details
    • $275,000

      Shreveport Commercial Building on Large Lot

      5,450 SF building on 2.61 acres with redevelopment potential.
      8808 Mcgoldrick Drive, Shreveport, LA 71129
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Multifamily property with steady income and tenant-paid utilities.
    Where is this multifamily property located?
    The property is located at 304 Herndon Street Shreveport, LA.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: Steady income potential.; Tenants pay all utilities.; All units have central heat and air.
    (318) 868-3600
    We can help!
    Listing Contact
    Steve Afentul
    Steve Afentul
    Real Estate License ID: 0000059562
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    304 Herndon Street, Shreveport, LA 71101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!