Stand-Alone Office
For Sale
$139,900
5902 Buncombe Rd, Shreveport, LA 71129
B-1-zoned office property with a practical layout, parking, and separate storage improvements.
Property Size880 SF
Price / SF$158.98
Days on Market90
Property Features for 5902 Buncombe Rd
General Information
Standard status
Active
Size
880 SF
Zoning
B-1 Commercial
Amenities
reception area
fireplace
private office
conference room
flexible workspace
kitchenette
restroom with shower
storage space
detached storage building
Building Details
Year Built
1992
Buildings
2
Listing Agency:
Diamond Realty & Associates
Listed By:
Terri Levesque · License #0000073902
(318) 464-2914
Source:
Minteerteam
Added: Jul 22
Changed: Oct 7
Last Checked: Oct 7 at 1:26PM
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 stand-alone office building contains approximately 880 square feet arranged for professional operations. The interior includes a reception area with fireplace, private office, conference room, adaptable work area, kitchenette, restroom with shower, and additional storage. The property was built in 1992 and is vacant for immediate occupancy.
Located on Buncombe Road in west Shreveport, the property includes on-site parking and a detached storage building. B-1 Commercial zoning supports approved professional and commercial uses, including real estate, insurance, legal, accounting, consulting, counseling, and medical businesses.
Located on Buncombe Road in west Shreveport, the property includes on-site parking and a detached storage building. B-1 Commercial zoning supports approved professional and commercial uses, including real estate, insurance, legal, accounting, consulting, counseling, and medical businesses.
Key Highlights
- Approximately 880 SF of office space with reception, private office, conference room, and flexible work area
- B‑1 Commercial zoning supports a range of approved professional and commercial uses
- Reception area includes a fireplace; restroom is equipped with a shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,979
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,580
$199.6K
Cap Rate 7%
$142,557
$142.6K
Cap Rate 9%
$110,878
$110.9K
Market Conditions
NOI Build-Up for 880 SF
Gross rent
$15.8K $18.00/SF
− Vacancy
−$2.5K −$2.88/SF
EGI
$13.3K $15.12/SF
− OpEx
−$3.3K −$3.78/SF
NOI
$10.0K $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%
$199,580
Cap Rate 7%
$142,557
Cap Rate 9%
$110,878
Alternative Uses
Best Use
Office B
$142.6K
$124.7K – $166.3K
NOI $9,979 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$185.7K
$162.5K – $216.7K
NOI $13,001 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 71129, LA
13,198
Population
6,523
Households
2
Avg Household Size
38
Median Age
23%
College-Educated
91%
High-School Grad
42.7 sq mi
ZIP Area
309
Density / Sq Mi
$50,551
Median Household Income
$38,651
Median Earnings
$918
Median Rent
$182,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - B-1-zoned office property with a practical layout, parking, and separate storage improvements.
Where is this office building located?
The property is located at 5902 Buncombe Rd Shreveport, LA.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Approximately 880 SF of office space with reception, private office, conference room, and flexible work area; B‑1 Commercial zoning supports a range of approved professional and commercial uses; Reception area includes a fireplace; restroom is equipped with a shower
