Strip Retail
For Sale
Contact for pricing
315 Pierre Avenue #C, Shreveport, LA 71101
Most units need repair work, and all but one require wall-mounted air conditioning.
Property Size5,360 SF
Price / SF$0.19
Days on Market11
Property Features for 315 Pierre Avenue #C
General Information
Standard status
Active
Size
5,360 SF
Property subtype
Retail
Property Condition
Severity
Repairs Needed
Evidence
UNITS WILL NEED REPAIR WORK
Site & Location
Neighborhood
Allendale
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:57PM
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 Magnorum Realty Services, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,360-square-foot strip retail property at 315 Pierre Avenue in Shreveport was built in 1960. The center contains multiple units; repair work is needed, and wall air-conditioning units are required in all but one.
Key Highlights
- 5,360‑square‑foot strip retail property
- Built in 1960
- Wall air‑conditioning units needed in all but one unit
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Most units need repair work, and all but one require wall-mounted air conditioning.
Where is this strip mall located?
The property is located at 315 Pierre Avenue #C Shreveport, LA.
What are key features of this property?
This property features: 5,360‑square‑foot strip retail property; Built in 1960; Wall air‑conditioning units needed in all but one unit
