Fully Leased South Highlands
4847 Line Avenue Shreveport, LA 71106
For Sale
$1,225,000
Income-producing strip center in prime location with established tenants.
Property Size7,129 SF
Lot Size0.28 Acres
Price / SF$171.83
Days on Market100
Property Features for 4847 Line Avenue
General Information
Standard status
Active
Size
7,129 SF
Lot size
0.28 Acres
Property subtype
Commercial
Building Details
Year Built
1975
Listing Agency:
Coldwell Banker Apex, REALTORS
(318) 698-1880
Listed By:
Andrew Cordaro · License #BROK.995686324-ASA
(318) 455-3661
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 23 at 6:49AM
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 Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
This fully leased strip center is located in the South Highlands area, positioned in front of Pierremont Mall and across Line Avenue from Uptown Shopping Center. The property is zoned C-UC (Commercial-Urban Core) and includes 29 parking spaces. The lot measures 0.28 acres, with dimensions of 80 feet wide by 150 feet deep. The property has a size of 7129 square feet. Current tenants include Clarkes Jewelers, At Home Academy, Duncan Optical, and Leonard's Jewelers. Floor plans are available.
Key Highlights
- Fully leased income‑producing strip center.
- Prime location in the heart of South Highlands, in front of Pierremont Mall and across from Uptown Shopping Center.
- Strong tenant mix: Clarkes Jewelers, At Home Academy, Duncan Optical, and Leonard's Jewelers.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.9k | $15.00 |
| − Vacancy | −$6.0k | −$0.84 |
| EGI | $100.9k | $14.16 |
| − OpEx | −$30.3k | −$4.25 |
| NOI | $70.7k | $9.91 |
7,129 SF · lease $15.00/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.01M
$883.3K – $1.18M
NOI $70,663 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.32M – $1.76M
NOI $105,327 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - Income-producing strip center in prime location with established tenants.
Where is this strip mall located?
The property is located at 4847 Line Avenue Shreveport, LA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Fully leased income‑producing strip center.; Prime location in the heart of South Highlands, in front of Pierremont Mall and across from Uptown Shopping Center.; Strong tenant mix: Clarkes Jewelers, At Home Academy, Duncan Optical, and Leonard's Jewelers.
