Building Details

Year Built 1958

Buildings 1

Listing Agency: Century 21 Elite

Listed By: Douglas Abington Show Phone

Source: Lacdb.resimplifi

Added: Mar 21, 2023 Changed: Oct 10 Last Checked: Oct 14 at 7:34PM

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Investment Insights

Based on property information with market context.

This 1,740± SF commercial building at 3858 Linwood in Shreveport was constructed in 1958 and is designated C-2. The storefront configuration provides a flexible setting for professional office, service retail, medical or counseling practice, salon, boutique retail, neighborhood services, or other listed commercial uses. On-site parking accommodates customer and employee access.

The property occupies approximately 0.24± acres with about 80 feet of frontage along Linwood Avenue. Its position on the established north-south corridor places the building near the Ochsner LSU Health Shreveport medical campus, the Kings Highway corridor, surrounding residential areas, and commuter activity along Linwood Avenue.

Key Highlights

• 1,740± SF commercial building constructed in 1958
• Approximately 80 feet of frontage along Linwood Avenue
• Approximately 0.24± acres with on‑site parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,247

Suggested Prices Based on Cap Rates

Cap Rate 5%

$344,940 $344.9K

Cap Rate 7%

$246,386 $246.4K

Cap Rate 9%

$191,633 $191.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,740 SF

Gross rent

$26.1K $15.00/SF

− Vacancy

−$1.5K −$0.84/SF

EGI

$24.6K $14.16/SF

− OpEx

−$7.4K −$4.25/SF

NOI

$17.2K $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%

$344,940

Cap Rate 7%

$246,386

Cap Rate 9%

$191,633

Alternative Uses

Best Use

Office B

$281.9K

$246.7K – $328.9K (±1% cap)

NOI $19,732 @ 7.0% cap · market cap 1,315.47%

Second Best

Healthcare Medical

$279.9K

$244.9K – $326.6K (±1% cap)

NOI $19,594 @ 7.0% cap · market cap 1,306.27%

Theoretical Best

Office A

$367.2K

$321.3K – $428.5K (±1% cap)

NOI $25,707 @ 7.0% cap · market cap 1,713.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Security Industrial Insurance ... Insurance Agency Designer Kutz Barber Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Skin Care Clinic Accounting Firm

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

Location Intelligence

Trade Area within ½ mile

839

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 71103, LA

6,362

Population

3,264

Households

1.9

Avg Household Size

44

Median Age

13%

College-Educated

73%

High-School Grad

3.9 sq mi

ZIP Area

1,631

Density / Sq Mi

$27,958

Median Household Income

$23,622

Median Earnings

$827

Median Rent

$74,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Flexible commercial space with on-site parking and prominent Linwood Avenue exposure.

Where is this storefront property located?

The property is located at 3858 Linwood Shreveport, LA.

What are key features of this property?

This property features: 1,740± SF commercial building constructed in 1958; Approximately 80 feet of frontage along Linwood Avenue; Approximately 0.24± acres with on‑site parking