Residential Income
For Sale
$141,000
500 Mccormick Street, Bossier City, LA 71111
Existing central air and driveway support the property’s residential configuration near Bossier High School.
Property Size1,380 SF
Days on Market46
Property Features for 500 Mccormick Street
General Information
Standard status
Active
Size
1,380 SF
Total Parking Spaces
2
Property subtype
Residential Income
Net Operating Income
$16,500
Taxes and HOA fees
Annual Taxes
$490
Amenities
Central Air
Central
Other
Driveway, Other
Building Details
Building Size
1,380 SF
Year Built
1952
Buildings
1
Listing Agency:
Diamond Realty and Associates
(318) 393-2938
Listed By:
Desiree Davis · License #0995695418
(318) 393-2938
Source:
Evrealestate
Added: Jul 16
Changed: Aug 29
Last Checked: Aug 30 at 4:00PM
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 Diamond Realty and Associates
Investment Insights
Based on property information with market context.
This residential income property was built in 1952 and includes central air and central heating. A driveway is also present, supporting the site’s existing residential setup.
The property is located at 500 McCormick Street in Bossier City, Louisiana, near Bossier High School. It is situated in Bossier Parish and is offered for sale.
The property is located at 500 McCormick Street in Bossier City, Louisiana, near Bossier High School. It is situated in Bossier Parish and is offered for sale.
Key Highlights
- Built in 1952
- Central air and central heating
- Driveway included
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
$10,124
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
7.18%
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%
$202,480
$202.5K
Cap Rate 7%
$144,629
$144.6K
Cap Rate 9%
$112,489
$112.5K
Market Conditions
NOI Build-Up for 1,380 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
$19.4K $14.04/SF
− Vacancy
−$969 −$0.70/SF
EGI
$18.4K $13.34/SF
− OpEx
−$8.3K −$6.00/SF
NOI
$10.1K $7.34/SF
Area
Bossier County, LA
Vacancy
5.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
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%
$202,480
Cap Rate 7%
$144,629
Cap Rate 9%
$112,489
Alternative Uses
Best Use
Apartment 5plus
$144.6K
$126.6K – $168.7K
NOI $10,124 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$234.9K
$205.6K – $274.1K
NOI $16,444 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
745
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Existing central air and driveway support the property’s residential configuration near Bossier High School.
Where is this residential income property located?
The property is located at 500 Mccormick Street Bossier City, LA.
What is the asking price?
The asking price for this property is $141,000.
What are key features of this property?
This property features: Built in 1952; Central air and central heating; Driveway included
