Bank Building with Highway
3721 Greenwood Rd, Shreveport, LA 71109
For Sale
$706,560
The property includes a former banking facility with C-3 General Commercial District zoning.
Property Size2,977 SF
Lot Size3.42 Acres
Price / SF$237.34
Days on Market94
Property Features for 3721 Greenwood Rd
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Beau Box Commercial Real Estate
Listed By:
Cade Bogan · License LA #0995693088
(225) 333-9807
Source:
Beaubox
Added: Aug 11
Changed: Nov 6
Last Checked: Nov 12 at 6:11AM
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 Beau Box Commercial Real Estate
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Investment Insights
Based on property information with market context.
This former banking property includes a 2,977 SF building on approximately 3.42 acres. The improvements date to the 1980s and are located in Flood Zone X. C-3 General Commercial District zoning provides the site’s documented commercial land-use designation.
The property fronts Greenwood Road, also identified as U.S. Highway 79, and sits near the Interstate 20 and Jewella Avenue interchange. Shoppers Value Retail Center is adjacent, while Shreveport Regional Airport is less than two miles away. Independence Stadium and Calumet’s Shreveport manufacturing facility are also nearby.
The property fronts Greenwood Road, also identified as U.S. Highway 79, and sits near the Interstate 20 and Jewella Avenue interchange. Shoppers Value Retail Center is adjacent, while Shreveport Regional Airport is less than two miles away. Independence Stadium and Calumet’s Shreveport manufacturing facility are also nearby.
Key Highlights
- 2,977 SF former bank building on approximately 3.42 acres
- Frontage along Greenwood Road, identified as U.S. Highway 79
- C‑3 – General Commercial District zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,089
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,780
$661.8K
Cap Rate 7%
$472,700
$472.7K
Cap Rate 9%
$367,656
$367.7K
Market Conditions
NOI Build-Up for 2,977 SF
Gross rent
$46.4K $15.60/SF
− Vacancy
−$2.3K −$0.78/SF
EGI
$44.1K $14.82/SF
− OpEx
−$11.0K −$3.70/SF
NOI
$33.1K $11.11/SF
Area
Shreveport, LA
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,780
Cap Rate 7%
$472,700
Cap Rate 9%
$367,656
Alternative Uses
Best Use
Specialty Retail
$472.7K
$413.6K – $551.5K
NOI $33,089 @ 7.0% cap · market cap 4.68%
Second Best
Retail
$421.5K
$368.9K – $491.8K
NOI $29,508 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$628.3K
$549.8K – $733.1K
NOI $43,983 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Bank - The property includes a former banking facility with C-3 General Commercial District zoning.
Where is this bank located?
The property is located at 3721 Greenwood Rd Shreveport, LA.
What is the asking price?
The asking price for this property is $706,560.
What are key features of this property?
This property features: 2,977 SF former bank building on approximately 3.42 acres; Frontage along Greenwood Road, identified as U.S. Highway 79; C‑3 – General Commercial District zoning
