Building Details

Building Size 7,378 SF

Year Built 2005

Stories 1

Units 5

Tenancy Multi

Listing Agency: Pinnacle Realty Advisors Show Phone

Listed By: June Schneider · License #0995696186 Show Phone

Source: Cogburnrealestate

Added: Oct 21 Changed: Oct 23 Last Checked: Oct 23 at 5:14PM

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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 Pinnacle Realty Advisors

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Investment Insights

Based on property information with market context.

This retail plaza contains five occupied business spaces across approximately 7,378 square feet. The current mix includes a tax office, phone and electronics retailer, clothing shop, barber, and restaurant. Built in 2005, the property sits on 0.62 acres and is zoned C2.

The site has 150 feet of frontage along Jewella Avenue, three vehicle entrances, and on-site parking. Nearby commercial businesses include Super 1 Foods, McDonald's, Whataburger, Popeyes, Subway, and Pizza Hut.

Key Highlights

• Five‑unit retail plaza with approximately 7,378 square feet
• 0.62‑acre site with 150 feet of Jewella Avenue frontage
• Three vehicle entrances and on‑site parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,131

Cap Rate

5.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,462,620 $1.5M

Cap Rate 7%

$1,044,729 $1.0M

Cap Rate 9%

$812,567 $812.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,378 SF

Gross rent

$110.7K $15.00/SF

− Vacancy

−$6.2K −$0.84/SF

EGI

$104.5K $14.16/SF

− OpEx

−$31.3K −$4.25/SF

NOI

$73.1K $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%

$1,462,620

Cap Rate 7%

$1,044,729

Cap Rate 9%

$812,567

Alternative Uses

Best Use

Retail

$1.04M

$914.1K – $1.22M (±1% cap)

NOI $73,131 @ 7.0% cap · market cap 5.63%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.56M

$1.36M – $1.82M (±1% cap)

NOI $109,006 @ 7.0% cap · market cap 8.39%

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

DIAMOND CUTZ Barber Shop Jewella Pharmacy Pharmacy FLAVA Shops Department Store Flava Sneaker And Apparel Clothing & Fashion Store Designer's Fashion Boutique Clothing & Fashion Store

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Dental Office Building Supply Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

298

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 71109, LA

18,414

Population

9,099

Households

2

Avg Household Size

39

Median Age

14%

College-Educated

83%

High-School Grad

12.8 sq mi

ZIP Area

1,439

Density / Sq Mi

$31,309

Median Household Income

$25,695

Median Earnings

$896

Median Rent

$91,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Coin Cloud Bitcoin ATM — 3709 Greenwood Rd, Shreveport, LA 71109
• Coin Cloud Bitcoin ATM — 3802 Jewella Ave, Shreveport, LA 71109
• Westwood Shopping Center — Shreveport, LA 71109

Frequently Asked Questions

What type of property is this?

Shopping center - A mix of retail, personal-service, and restaurant businesses occupies the five-unit property.

Where is this shopping center located?

The property is located at 3610 Jewella Avenue Shreveport, LA.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: Five‑unit retail plaza with approximately 7,378 square feet; 0.62‑acre site with 150 feet of Jewella Avenue frontage; Three vehicle entrances and on‑site parking