Residential Income
For Sale
$110,000
Pending
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 Market167
Property Features for 500 Mccormick Street
General Information
Standard status
Pending
Size
1,380 SF
Total Parking Spaces
2
Property subtype
Residential Income
Net Operating Income
$11,052
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 & Associates
Listed By:
Desiree Davis · License #0995695418
(318) 393-2938
Source:
Evrealestate
Added: May 6
Changed: Oct 16
Last Checked: Oct 19 at 4:52AM
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 & Associates
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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 / Yr
$10,124
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
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
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 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 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$234.9K
$205.6K – $274.1K
NOI $16,444 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
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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
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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 $110,000.
What are key features of this property?
This property features: Built in 1952; Central air and central heating; Driveway included
