Retail Space with Salon
For Sale
$219,000
3507 Youree Dr, Shreveport, LA 71105
C-UC-zoned commercial space with office, customer reception, restroom, and rear parking secured by fencing and a gate.
Property Size1,615 SF
Price / SF$135.60
Days on Market315
Property Features for 3507 Youree Dr
General Information
Standard status
Active
Size
1,615 SF
Property subtype
Retail
Zoning
C-UC
Listing Agency:
Gibbs Group Commercial Real Estate, LLC
(318) 347-4584
Listed By:
Eric Gibbs · License #995716664
(318) 347-4584
Source:
Lacdb.resimplifi
Added: Oct 21, 2025
Changed: Aug 31
Last Checked: Aug 30 at 1:04PM
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 Gibbs Group Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This 1,615 SF retail property offers a practical small-format layout with a private office, customer reception and lobby area, restroom, and kitchen or breakroom. The space previously served as a salon and may support continued salon use or conversion to retail, office, or medical occupancy, subject to applicable requirements.
Positioned on Youree Dr near the Kings Hwy intersection in Shreveport, the property benefits from exposure along a heavily traveled commercial corridor. Parking is located behind the building, with a security fence and gate enclosing the area. C-UC zoning is in place.
Positioned on Youree Dr near the Kings Hwy intersection in Shreveport, the property benefits from exposure along a heavily traveled commercial corridor. Parking is located behind the building, with a security fence and gate enclosing the area. C-UC zoning is in place.
Key Highlights
- 1,615 SF retail building with salon‑oriented layout
- Former salon configuration includes office, reception/lobby, restroom, and kitchen/breakroom
- C‑UC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,314
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,280
$366.3K
Cap Rate 7%
$261,629
$261.6K
Cap Rate 9%
$203,489
$203.5K
Market Conditions
NOI Build-Up for 1,615 SF
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.
Gross rent
$29.1K $18.00/SF
− Vacancy
−$4.7K −$2.88/SF
EGI
$24.4K $15.12/SF
− OpEx
−$6.1K −$3.78/SF
NOI
$18.3K $11.34/SF
Area
Shreveport, LA
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,280
Cap Rate 7%
$261,629
Cap Rate 9%
$203,489
Alternative Uses
Best Use
Office B
$261.6K
$228.9K – $305.2K
NOI $18,314 @ 7.0% cap · market cap 8.36%
Second Best
Retail
$228.7K
$200.1K – $266.8K
NOI $16,008 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$340.9K
$298.3K – $397.7K
NOI $23,861 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Explore this area
Business Placement
Demographics for 71105, LA
21,308
Population
11,139
Households
1.9
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
9.5 sq mi
ZIP Area
2,243
Density / Sq Mi
$66,758
Median Household Income
$48,396
Median Earnings
$1,247
Median Rent
$216,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - C-UC-zoned commercial space with office, customer reception, restroom, and rear parking secured by fencing and a gate.
Where is this retail space located?
The property is located at 3507 Youree Dr Shreveport, LA.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 1,615 SF retail building with salon‑oriented layout; Former salon configuration includes office, reception/lobby, restroom, and kitchen/breakroom; C‑UC zoning
