Corner Convenience
For Sale
$120,000
4111 Hearne Ave, Shreveport, LA 71103
The store includes food-preparation fixtures, shelving, and eight coolers.
Property Size699 SF
Price / SF$171.67
Days on Market9
Property Features for 4111 Hearne Ave
General Information
Standard status
Active
Size
699 SF
Building Details
Year Built
1960
Listing Agency:
Freedom Realty
Listed By:
Donna Tidwell · License #0099564546
(318) 272-0361
Source:
Yourdavisteam
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 5 at 10:50PM
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 Freedom Realty
Investment Insights
Based on property information with market context.
This 1960-built convenience store has a kitchen area with a sink, eight coolers, shelving, a microwave, a meat cutter, and a meat cooler. The site is fenced and has a sign. The seller is offering the building and properties in as-is condition.
A residential-zoned lot behind the store is also described as part of the property offering. The house on that lot burned down. The store parcel is described with dimensions of 135 x 91 x 135 x 91, and the residential lot with dimensions of 135 x 50 x 135 x 50. The area where tanks had been is covered; no tank-status report is included here.
A residential-zoned lot behind the store is also described as part of the property offering. The house on that lot burned down. The store parcel is described with dimensions of 135 x 91 x 135 x 91, and the residential lot with dimensions of 135 x 50 x 135 x 50. The area where tanks had been is covered; no tank-status report is included here.
Key Highlights
- Eight coolers, shelving, a microwave, meat cutter, and meat cooler included
- Kitchen area has a sink
- Fenced property with an on‑site sign
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,769
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,380
$155.4K
Cap Rate 7%
$110,986
$111.0K
Cap Rate 9%
$86,322
$86.3K
Market Conditions
NOI Build-Up for 699 SF
Gross rent
$10.9K $15.60/SF
− Vacancy
−$545 −$0.78/SF
EGI
$10.4K $14.82/SF
− OpEx
−$2.6K −$3.70/SF
NOI
$7.8K $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%
$155,380
Cap Rate 7%
$110,986
Cap Rate 9%
$86,322
Alternative Uses
Best Use
Specialty Retail
$111.0K
$97.1K – $129.5K
NOI $7,769 @ 7.0% cap · market cap 6.47%
Second Best
Retail
$99.0K
$86.6K – $115.5K
NOI $6,928 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$147.5K
$129.1K – $172.1K
NOI $10,327 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
302
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The store includes food-preparation fixtures, shelving, and eight coolers.
Where is this grocery and convenience store located?
The property is located at 4111 Hearne Ave Shreveport, LA.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Eight coolers, shelving, a microwave, meat cutter, and meat cooler included; Kitchen area has a sink; Fenced property with an on‑site sign
