Bank Building with Highway
New
For Sale
$706,560
3721 Greenwood Rd, Shreveport, LA 71109
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 Market2
Property Features for 3721 Greenwood Rd
General Information
Standard status
Active
Size
2,977 SF
Class
C
Lot size
3.42 Acres
Property subtype
Office
Zoning
C-3
Additional Details
Highway Access
Yes
Building Details
Building Size
2,977 SF
Year Built
1980
Buildings
1
Listing Agency:
Beau Box Commercial Real Estate Baton Rouge
(225) 333-9807
Listed By:
Cade Bogan · License #0995693088
(225) 333-9807
Source:
Beaubox
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 4:02AM
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 Baton Rouge
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 = 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
$33,089
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
4.68%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
277
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
