Retail Strip
New
For Sale
Contact for pricing
315 Pierre Avenue #A, Shreveport, LA 71101
The main store has air conditioning, while the remaining units require wall-mounted units.
Property Size5,360 SF
Price / SF$0.19
Days on Market3
Property Features for 315 Pierre Avenue #A
General Information
Standard status
Active
Size
5,360 SF
Property subtype
Commercial
Site & Location
Neighborhood
Allendale
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Freedom Realty
(318) 549-2999
Listed By:
Donna Tidwell · License #0099564546
(318) 272-0361
Source:
Dallasandbeyond
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 1 at 5:32AM
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 Freedom Realty
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Investment Insights
Based on property information with market context.
This 5,360-square-foot retail strip center was built in 1960. The main store exceeds 1,000 square feet and has air conditioning. The other units are estimated at about 1,000 square feet each, with final measurements to be confirmed; they require wall-mounted units for cooling.
The property is at 315 Pierre Avenue in Shreveport, Louisiana.
The property is at 315 Pierre Avenue in Shreveport, Louisiana.
Key Highlights
- 5,360‑square‑foot retail strip center
- Built in 1960
- Main store is more than 1,000 square feet and has air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,128
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,062,560
$1.1M
Cap Rate 7%
$758,971
$759.0K
Cap Rate 9%
$590,311
$590.3K
Market Conditions
NOI Build-Up for 5,360 SF
Gross rent
$80.4K $15.00/SF
− Vacancy
−$4.5K −$0.84/SF
EGI
$75.9K $14.16/SF
− OpEx
−$22.8K −$4.25/SF
NOI
$53.1K $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%
$1,062,560
Cap Rate 7%
$758,971
Cap Rate 9%
$590,311
Alternative Uses
Best Use
Retail
$759.0K
$664.1K – $885.5K
NOI $53,128 @ 7.0% cap · market cap 5,312.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$989.9K – $1.32M
NOI $79,191 @ 7.0% cap · market cap 7,919.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 71101, LA
6,560
Population
4,548
Households
1.4
Avg Household Size
41
Median Age
13%
College-Educated
77%
High-School Grad
4.2 sq mi
ZIP Area
1,562
Density / Sq Mi
$17,924
Median Household Income
$32,135
Median Earnings
$714
Median Rent
$86,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - The main store has air conditioning, while the remaining units require wall-mounted units.
Where is this strip mall located?
The property is located at 315 Pierre Avenue #A Shreveport, LA.
What are key features of this property?
This property features: 5,360‑square‑foot retail strip center; Built in 1960; Main store is more than 1,000 square feet and has air conditioning
