Retail Store with Vent
For Sale
Contact for pricing
315 Pierre Avenue #B, Shreveport, LA 71101
Unit B is part of a five-unit strip center and has a working air-conditioning system.
Property Size5,360 SF
Price / SF$0.47
Days on Market11
Property Features for 315 Pierre Avenue #B
General Information
Standard status
Active
Size
5,360 SF
Property subtype
Retail
Property Condition
Severity
Repairs Needed
Evidence
SOME REPAIRS ARE NEEDED
Site & Location
Neighborhood
Allendale
Building Details
Year Built
1960
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 20
Changed: Oct 29
Last Checked: Oct 28 at 1:56PM
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.
Unit B is a retail store within a five-unit strip center. The space includes a vent hood, and its air-conditioning system is working. Repairs are needed to the beverage-cooling units and roof; the landlord is willing to address them after a tenant is secured. The center was built in 1960.
Key Highlights
- Unit B is a retail store with a vent hood
- Part of a five‑unit strip center
- Working air‑conditioning system
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 2,125.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$989.9K – $1.32M
NOI $79,191 @ 7.0% cap · market cap 3,167.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
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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?
Retail space - Unit B is part of a five-unit strip center and has a working air-conditioning system.
Where is this retail space located?
The property is located at 315 Pierre Avenue #B Shreveport, LA.
What are key features of this property?
This property features: Unit B is a retail store with a vent hood; Part of a five‑unit strip center; Working air‑conditioning system
