Retail Space for Salon
For Sale
Contact for pricing
3707 Lakeshore Drive #3717, Shreveport, LA 71109
The space is in a strip center on Lakeshore Drive in Shreveport.
Property Size44,972 SF
Price / SF$0.04
Days on Market12
Property Features for 3707 Lakeshore Drive #3717
General Information
Standard status
Active
Size
44,972 SF
Property subtype
Retail
Site & Location
Neighborhood
Country Club
Building Details
Year Built
1960
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 4:13PM
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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Investment Insights
Based on property information with market context.
Retail space in a Shreveport strip center, with a layout described as accommodating a salon with several workers. The property is at 3707 Lakeshore Drive and was built in 1960.
Key Highlights
- Strip‑center retail space described as suitable for a salon with several workers
- Located at 3707 Lakeshore Drive in Shreveport
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$445,762
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,915,240
$8.9M
Cap Rate 7%
$6,368,029
$6.4M
Cap Rate 9%
$4,952,911
$5.0M
Market Conditions
NOI Build-Up for 44,972 SF
Gross rent
$674.6K $15.00/SF
− Vacancy
−$37.8K −$0.84/SF
EGI
$636.8K $14.16/SF
− OpEx
−$191.0K −$4.25/SF
NOI
$445.8K $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%
$8,915,240
Cap Rate 7%
$6,368,029
Cap Rate 9%
$4,952,911
Alternative Uses
Best Use
Retail
$6.37M
$5.57M – $7.43M
NOI $445,762 @ 7.0% cap · market cap 24,764.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.49M
$8.31M – $11.07M
NOI $664,434 @ 7.0% cap · market cap 36,913.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The space is in a strip center on Lakeshore Drive in Shreveport.
Where is this retail space located?
The property is located at 3707 Lakeshore Drive #3717 Shreveport, LA.
What are key features of this property?
This property features: Strip‑center retail space described as suitable for a salon with several workers; Located at 3707 Lakeshore Drive in Shreveport; Built in 1960
