5-Unit Strip Retail
New
For Sale
Contact for pricing
315 Pierre Avenue #E, Shreveport, LA 71101
The five-unit center includes an air-conditioned storefront and four units requiring work.
Property Size5,360 SF
Price / SF$0.19
Days on Market1
Property Features for 315 Pierre Avenue #E
General Information
Standard status
Active
Size
5,360 SF
Property subtype
Retail
Property Condition
Severity
Repairs Needed
Evidence
WILL NEED WINDOW UNITS AND REPAIR
Site & Location
Neighborhood
Allendale
Amenities
air conditioning
Building Details
Year Built
1960
Listing Agency:
Momentus Real Estate Group
Listed By:
Maureen Cappallo
(682) 223-1347
Source:
Momentusrealestategroup
Added: Oct 29
Last Checked: Oct 29 at 2:45PM
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 Momentus Real Estate Group
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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 was built in 1960 and is configured with five units. One unit is a store with air conditioning; the other four need window units and repairs.
Key Highlights
- 5,360‑square‑foot strip retail property
- Five units; one storefront has air conditioning
- Four units need window units and repairs
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
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - The five-unit center includes an air-conditioned storefront and four units requiring work.
Where is this strip mall located?
The property is located at 315 Pierre Avenue #E Shreveport, LA.
What are key features of this property?
This property features: 5,360‑square‑foot strip retail property; Five units; one storefront has air conditioning; Four units need window units and repairs
