Office Suite with Reception
New
For Sale
Contact for pricing
5403 Hearne Avenue, Shreveport, LA 71108
The corner-lot workspace has central air and heat, plus paved parking.
Property Size1,100 SF
Price / SF$0.63
Days on Market2
Property Features for 5403 Hearne Avenue
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Site & Location
Neighborhood
Werner Park
Highway Access
Yes
Public Transit
Yes
Additional Details
Property Use
Office
Amenities
central air and heat
paved parking lot
Building Details
Year Built
1990
Listing Agency:
Tahira & Associates Realty Inc
(318) 425-2707
Listed By:
Tahira Abdul-Rahman · License #0000000058
(318) 840-4916
Source:
Dallasandbeyond
Added: Oct 30
Last Checked: Oct 30 at 2:56PM
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 Tahira & Associates Realty Inc
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Investment Insights
Based on property information with market context.
This 1,100-square-foot office unit, built in 1990, has a reception area and two private offices. Central air and heat serve the space, and paved parking is available on the corner lot.
The property is on Hearne Avenue in Shreveport, near bus lines, I-49, and food-service businesses.
The property is on Hearne Avenue in Shreveport, near bus lines, I-49, and food-service businesses.
Key Highlights
- 1,100‑square‑foot office unit with a reception area and two offices
- Central air and heat
- Paved parking on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,474
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,480
$249.5K
Cap Rate 7%
$178,200
$178.2K
Cap Rate 9%
$138,600
$138.6K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$19.8K $18.00/SF
− Vacancy
−$3.2K −$2.88/SF
EGI
$16.6K $15.12/SF
− OpEx
−$4.2K −$3.78/SF
NOI
$12.5K $11.34/SF
Area
Shreveport, LA
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,480
Cap Rate 7%
$178,200
Cap Rate 9%
$138,600
Alternative Uses
Best Use
Office B
$178.2K
$155.9K – $207.9K
NOI $12,474 @ 7.0% cap · market cap 1,794.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$232.2K
$203.2K – $270.9K
NOI $16,252 @ 7.0% cap · market cap 2,338.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 71108, LA
17,727
Population
8,341
Households
2.1
Avg Household Size
35
Median Age
7%
College-Educated
78%
High-School Grad
8.5 sq mi
ZIP Area
2,086
Density / Sq Mi
$32,116
Median Household Income
$25,575
Median Earnings
$1,075
Median Rent
$81,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The corner-lot workspace has central air and heat, plus paved parking.
Where is this office unit located?
The property is located at 5403 Hearne Avenue Shreveport, LA.
What are key features of this property?
This property features: 1,100‑square‑foot office unit with a reception area and two offices; Central air and heat; Paved parking on a corner lot
