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    Residential Land with Home and Shop Title is generated by Realmo AI

    5349 N Market Street, Shreveport, LA 71107

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    For Sale
    $495,000

    COMMERCIAL - Shreveport, LA

    Lot size:
    3.96 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    148
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 5349 N Market Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Carport
    Standard status
    Active
    APN
    191432000021400
    Lot size
    3.96 Acres

    Taxes and HOA fees

    Tax Description
    3.96 ACS. M/L - BEING S. 705 FT. OF THE W. 24
    Tax Annual Amount
    1940

    Utilities

    Sewer type
    Aerobic Septic
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet
    Roof type
    Metal

    We can help!

    Listing Contact
    Krystal Womack

    Listing agent Krystal Womack License #0995680736

    Listing office Diamond Realty & Associates Bossier City, LA

    Listing date Jan 8, 2026

    MLS# 20817368

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Home, shop, and pond on property located behind 5325 N. Market
    • Can be sold with 5325 N. Market and 5333 N. Market
    • Year built 1988
    • Central heating and central air
    • Metal roof with carpet flooring; includes carport
    • Aerobic septic system; public sewer not reported

    Overview

    This property consists of nearly four acres and includes an existing home, a shop, and a pond. The home is currently available to stay or may be removed, depending on the terms the seller is willing to negotiate. The site is set up to support an owner-operator plan where improvements can be retained for immediate use, or where the land can be repositioned for future development.

    The property is located behind 5325 N. Market Street, with the listing noting it can be sold together with 5325 N. Market and 5333 N. Market. Being close to the I-49 entrance and exit ramps on N. Market may be especially appealing for buyers looking for convenience and connectivity in the context of ongoing development along the corridor.

    For a buyer or investor, the combination of existing structures and open acreage creates flexibility for residential or redevelopment scenarios. Operators who want to control acquisition risk may appreciate the option to purchase alongside adjacent opportunities, while prospective developers can evaluate the parcel as part of a larger Market Street strategy. Please contact the listing agent for details on the seller’s willingness regarding keeping or removing the home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.828113
    Latitude
    32.588552

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    FAQs

    What type of property is this?
    Residential land & home lot - Nearly four acres with a home, shop, and pond, positioned behind an existing Market Street address near I-49 ramps.
    Where is this residential land & home lot located?
    The property is located at 5349 N Market Street Shreveport, LA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Home, shop, and pond on property located behind 5325 N. Market; Can be sold with 5325 N. Market and 5333 N. Market; Year built 1988
    (318) 746-0011
    We can help!
    Listing Contact
    Krystal Womack
    Real Estate License ID: 0995680736
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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