Corner Flex Space with
For Sale
$425,000
3837 E Texas St, Bossier City, LA 71111
Attached warehouse offers dual access, including an interior connection and a rear roll-up door.
Property Size5,072 SF
Price / SF$83.79
Days on Market49
Property Features for 3837 E Texas St
General Information
Standard status
Active
Size
5,072 SF
Additional Details
Corner Location
Yes
Building Details
Year Built
1957
Listing Agency:
Century 21 Elite
(318) 868-3600
Listed By:
Tina Balentine · License #0995683955
Source:
Heritance
Added: Jul 14
Changed: Aug 29
Last Checked: Aug 30 at 7:27PM
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 Century 21 Elite
Investment Insights
Based on property information with market context.
This flex space is a corner commercial building constructed in 1957, with an attached warehouse that connects directly to the main building. The warehouse can also be accessed through a rear roll-up door, supporting movement between the front commercial area and the storage or work area. A metal roof covers the building, and parking is positioned along the front, side, and rear. The property previously operated as Car Palace. The existing retail occupant is moving out, providing a transition point for the next ownership or occupancy plan. The building is offered for sale at 3837 E Texas St in Bossier City, Louisiana.
Key Highlights
- Corner commercial building with attached warehouse
- Warehouse access from inside the building and through a rear roll‑up door
- Parking located at the front, side, and rear of the building
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
$32,819
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
7.72%
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%
$656,380
$656.4K
Cap Rate 7%
$468,843
$468.8K
Cap Rate 9%
$364,656
$364.7K
Market Conditions
NOI Build-Up for 5,072 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
$49.3K $9.72/SF
− Vacancy
−$2.4K −$0.48/SF
EGI
$46.9K $9.24/SF
− OpEx
−$14.1K −$2.77/SF
NOI
$32.8K $6.47/SF
Area
Bossier County, LA
Vacancy
4.90%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
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%
$656,380
Cap Rate 7%
$468,843
Cap Rate 9%
$364,656
Alternative Uses
Best Use
Flex RnD
$625.2K
$547.0K – $729.4K
NOI $43,762 @ 7.0% cap · market cap 10.30%
Second Best
Retail
$468.8K
$410.2K – $547.0K
NOI $32,819 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$863.4K
$755.5K – $1.01M
NOI $60,437 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 71111, LA
44,476
Population
19,563
Households
2.3
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
45.2 sq mi
ZIP Area
984
Density / Sq Mi
$66,465
Median Household Income
$43,483
Median Earnings
$1,065
Median Rent
$268,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Attached warehouse offers dual access, including an interior connection and a rear roll-up door.
Where is this flex space located?
The property is located at 3837 E Texas St Bossier City, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Corner commercial building with attached warehouse; Warehouse access from inside the building and through a rear roll‑up door; Parking located at the front, side, and rear of the building
