Building Details

Year Built 1975

Listing Agency: Primeaux Realty, LLC

Listed By: Jimmy Stewart · License #0000007995 Show Phone

Source: Heritance

Added: Aug 6 Changed: Oct 14 Last Checked: Oct 7 at 5:22PM

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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 Primeaux Realty, LLC

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Investment Insights

Based on property information with market context.

This freestanding flex-space property contains 1,250 square feet and was built in 1975. The configuration combines professional office space with secure outdoor storage and a staging area, supporting office and light industrial functions within one commercial asset.

The property is located at 4611 Monkhouse Dr in Shreveport, Louisiana, along the Monkhouse Drive corridor. It is less than 2 miles from Shreveport Regional Airport, I-20, I-220, and I-49, with access to the airport, Downtown Shreveport, and the Texas border. The location also places the building near the airport’s maintenance and cargo hubs.

Key Highlights

• 1,250‑square‑foot freestanding flex‑space building
• Built in 1975
• Professional office space with secure outdoor storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,249

Cap Rate

6.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$164,980 $165.0K

Cap Rate 7%

$117,843 $117.8K

Cap Rate 9%

$91,656 $91.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,250 SF

Gross rent

$13.5K $10.80/SF

− Vacancy

−$810 −$0.65/SF

EGI

$12.7K $10.15/SF

− OpEx

−$4.4K −$3.55/SF

NOI

$8.2K $6.60/SF

Area

Shreveport, LA

Vacancy

6.00%

Lease Rate

$10.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$164,980

Cap Rate 7%

$117,843

Cap Rate 9%

$91,656

Alternative Uses

Best Use

Office B

$202.5K

$177.2K – $236.3K (±1% cap)

NOI $14,175 @ 7.0% cap · market cap 11.82%

Second Best

Flex RnD

$117.8K

$103.1K – $137.5K (±1% cap)

NOI $8,249 @ 7.0% cap · market cap 6.88%

Theoretical Best

Office A

$263.8K

$230.9K – $307.8K (±1% cap)

NOI $18,468 @ 7.0% cap · market cap 15.40%

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

Property Analytics

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Current Use

Burroughs Bookkeeping & Tax Tax Preparation

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Skin Care Clinic Furniture & Home Goods Grocery & Convenience Store

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

259

Businesses Nearby

Under-served

Demand for This Use

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 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?

Flex space - Office-oriented commercial building with exterior storage and staging areas.

Where is this flex space located?

The property is located at 4611 Monkhouse Dr Shreveport, LA.

What is the asking price?

The asking price for this property is $119,900.

What are key features of this property?

This property features: 1,250‑square‑foot freestanding flex‑space building; Built in 1975; Professional office space with secure outdoor storage