Highway-Front Office
For Sale
$322,000
3146 Market Street, Shreveport, LA 71107
Office property for sale with highway frontage measured along adjacent lots.
Property Size2,132 SF
Price / SF$151.03
Days on Market132
Property Features for 3146 Market Street
General Information
Standard status
Active
Size
2,132 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$2,047
Amenities
Gas, A/C - Other
3
Acreage, Clear lot.
Building Details
Year Built
1965
Listing Agency:
Pelican Realty Advisors
(318) 522-7373
Listed By:
Patrick Bain · License #0995695994
Source:
Xome
Added: Apr 14
Changed: Aug 20
Last Checked: Aug 23 at 3:17AM
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 Pelican Realty Advisors
Investment Insights
Based on property information with market context.
This for-sale office property includes highway frontage measured along adjacent lots. Public remarks indicate a northwesterly measured distance of 6.4 feet on the highway for Lot 96, along with a southeasterly measured distance of 3.6 feet on the highway for Lot 97.
The same remarks further note a southeasterly 60.0 feet of a northwesterly 66.4 feet distance as measured along the highway. The property is listed under the office units/office spaces property types.
The provided information does not specify building improvements, unit count, parking, or interior finishes, so due diligence is recommended to confirm the current condition and configuration for intended office use.
The same remarks further note a southeasterly 60.0 feet of a northwesterly 66.4 feet distance as measured along the highway. The property is listed under the office units/office spaces property types.
The provided information does not specify building improvements, unit count, parking, or interior finishes, so due diligence is recommended to confirm the current condition and configuration for intended office use.
Key Highlights
- Office property with highway frontage measured along adjacent lots (incl. NW’LY 6.4 ft on Hwy, SE’LY 3.6 ft on Hwy)
- Additional frontage measurement includes SE’LY 60 ft of NW’LY 66.4 ft as measured along Hwy
- Year built: 1965
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
$24,177
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
7.51%
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%
$483,540
$483.5K
Cap Rate 7%
$345,386
$345.4K
Cap Rate 9%
$268,633
$268.6K
Market Conditions
NOI Build-Up for 2,132 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
$38.4K $18.00/SF
− Vacancy
−$6.1K −$2.88/SF
EGI
$32.2K $15.12/SF
− OpEx
−$8.1K −$3.78/SF
NOI
$24.2K $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%
$483,540
Cap Rate 7%
$345,386
Cap Rate 9%
$268,633
Alternative Uses
Best Use
Office B
$345.4K
$302.2K – $403.0K
NOI $24,177 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.0K
$393.7K – $525.0K
NOI $31,499 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 71107, LA
31,311
Population
13,636
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
137.2 sq mi
ZIP Area
228
Density / Sq Mi
$48,114
Median Household Income
$31,075
Median Earnings
$909
Median Rent
$157,000
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 units - Office property for sale with highway frontage measured along adjacent lots.
Where is this office units located?
The property is located at 3146 Market Street Shreveport, LA.
What is the asking price?
The asking price for this property is $322,000.
What are key features of this property?
This property features: Office property with highway frontage measured along adjacent lots (incl. NW’LY 6.4 ft on Hwy, SE’LY 3.6 ft on Hwy); Additional frontage measurement includes SE’LY 60 ft of NW’LY 66.4 ft as measured along Hwy; Year built: 1965
