Office Building with Fenced
For Sale
$600,000
4476 Viking Dr, Bossier City, LA 71111
Leased office property with multiple private rooms, support areas, and a secured outdoor enclosure.
Property Size3,600 SF
Price / SF$166.67
Days on Market205
Property Features for 4476 Viking Dr
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Investment
Zoning
B-3
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Sealy Real Estate Services LLC
(318) 218-4987
Listed By:
Melissa Riddick · License #0000014231
(318) 218-4987
Source:
Lacdb.resimplifi
Added: Feb 6
Changed: Aug 29
Last Checked: Aug 29 at 4:20PM
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 Sealy Real Estate Services LLC
Investment Insights
Based on property information with market context.
This 3,600-square-foot office building offers five large offices, one standard office, three restrooms, and a break room. A fenced rear yard adds usable exterior space, while B-3 zoning supports the property's commercial setting. The building is currently leased to a daycare business through June 2029.
The property is positioned on Viking Drive in North Bossier City, with Swan Lake Road approximately 0.8 miles away and Airline Drive, also identified as LA Hwy. 3105, approximately 1.1 miles away. I-220 is accessible through the Swan Lake Road interchange approximately 1.2 miles from the property. Ochsner LSU Health Bossier Multispecialty Center is directly across the street, and the surrounding corridor includes medical, educational, and professional office users.
The property is positioned on Viking Drive in North Bossier City, with Swan Lake Road approximately 0.8 miles away and Airline Drive, also identified as LA Hwy. 3105, approximately 1.1 miles away. I-220 is accessible through the Swan Lake Road interchange approximately 1.2 miles from the property. Ochsner LSU Health Bossier Multispecialty Center is directly across the street, and the surrounding corridor includes medical, educational, and professional office users.
Key Highlights
- 3,600‑square‑foot office building with five large offices and one standard office
- Three restrooms, break room, and fenced rear yard
- Currently leased to a daycare business through June 2029
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
$35,527
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
5.92%
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%
$710,540
$710.5K
Cap Rate 7%
$507,529
$507.5K
Cap Rate 9%
$394,744
$394.7K
Market Conditions
NOI Build-Up for 3,600 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
$55.7K $15.48/SF
− Vacancy
−$8.4K −$2.32/SF
EGI
$47.4K $13.16/SF
− OpEx
−$11.8K −$3.29/SF
NOI
$35.5K $9.87/SF
Area
Bossier County, LA
Vacancy
15.00%
Lease Rate
$15.48 /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%
$710,540
Cap Rate 7%
$507,529
Cap Rate 9%
$394,744
Alternative Uses
Best Use
Office B
$507.5K
$444.1K – $592.1K
NOI $35,527 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$612.8K
$536.2K – $715.0K
NOI $42,897 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Leased office property with multiple private rooms, support areas, and a secured outdoor enclosure.
Where is this office building located?
The property is located at 4476 Viking Dr Bossier City, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,600‑square‑foot office building with five large offices and one standard office; Three restrooms, break room, and fenced rear yard; Currently leased to a daycare business through June 2029
