Highway-Front Office
3146 N Market Street Shreveport, LA 71107
3146 N Market Street, Shreveport, LA, 71107
$350,000
For Sale
$350,000
Office property for sale with highway frontage measured along adjacent lots.
Property Size2,132 SF
Price / SF$164.17
Days on Market109
Property Features for 3146 N Market Street
General Information
- Standard status
- Active
- Size
- 2,132 SF
- Property subtype
- Office
Building Details
- Year Built
- 1965
Listing agency
Pelican Realty Advisors
(318) 522-7373
Listed by
Patrick Bain · License #0995695994
Source
Xome
Added: Apr 5 Updated: Jul 20 at 11:53PM Checked: Jul 22 at 3:44AM
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.4k | $18.00 |
| − Vacancy | −$6.1k | −$2.88 |
| EGI | $32.2k | $15.12 |
| − OpEx | −$8.1k | −$3.78 |
| NOI | $24.2k | $11.34 |
2,132 SF · lease $18.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$345.4K
$302.2K – $403.0K
NOI $24,177 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.0K
$393.7K – $525.0K
NOI $31,499 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Goben Charles H ...
Dental Office
Bonnette Kenneth L ...
Dental Office
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FAQs
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 N Market Street Shreveport, LA.
What is the asking price?
The asking price for this property is $350,000.
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
