Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Historic Office Building Title is generated by Realmo AI

    631 Milam, Shreveport, LA 71101

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Renovated office building with parking in downtown Shreveport.

    Type:Office
    Added:
    Feb 6, 2019
    Days on Market:
    2652
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 631 Milam

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1901

    Spaces For Lease

    at 631 Milam Contact us

    203 $9 /Mo

    Size
    1,044 SF
    Type
    Office
    Suite includes a large private office, conference room, breakroom and file room....
    show more
    Contact us

    202 $9 /Mo

    Size
    1,044 SF
    Type
    Office
    Space includes a private office and large conference room or open office.
    Contact us

    301 $9 /Mo

    Size
    2,896 SF
    Type
    Office
    Beautiful office space with windows, conference room, breakroom, workroom and 5 private...
    show more
    Contact us

    We can help!

    Listing Contact
    Chris Stokes

    Listing agent Chris Stokes License #LA BROK.995717623-ASA

    Listing office Walker-Alley & Associates LLC

    Listing date Feb 6, 2019

    Source Crexi

    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 Walker-Alley & Associates LLC

    HighLights

    • Renovated Historic Office Building
    • Prime Downtown Shreveport Location on the corner of Milam & Louisiana, near courthouse
    • Parking Available
    • All Utilities Included in Rent
    • In‑Suite Janitorial Included
    • Space Available on Multiple Floors (1st, 2nd, and 3rd)

    Overview

    This renovated historic office building is located in downtown Shreveport, Louisiana, at the corner of Milam Street and Louisiana Avenue, one block from the Caddo Parish courthouse. Space is available on the 1st, 2nd, and 3rd floors. Rent includes all utilities and in-suite janitorial services. Parking is available in the building’s parking lots for an additional charge.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Audrius M. Reed, ... Law Firm COE Architecture International Architect Strategic Action Council Consultant Dentist Dental Office

    Suggested Use

    Real Estate Agency Dental Office Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.750314
    Latitude
    32.510565

    Nearby Similar for Lease

    • $2,250/Mo

      Shreveport Office Space for Lease

      Professional office space in Shreveport's Highland area, suitable for various uses.
      2000 Creswell Avenue, Shreveport, LA 71104
      View Details
    • $3,000/Mo

      Professional Office Space in Shreveport

      Well-maintained office ideal for medical, professional, or administrative use.
      425 Ashley Ridge Boulevard, Shreveport, LA 71106
      View Details
    • $850/Mo

      Shreveport Office Space For Lease

      All-inclusive office lease in Shreveport's Kings Ridge Executive Suites.
      831 Kings Highway, Shreveport, LA 71104
      View Details
    • $1,150/Mo

      Versatile Commercial Building with Parking

      Move-in ready commercial building suitable for various business types.
      1838 Texas Avenue, Shreveport, LA 71103
      View Details
    • $1,250/Mo

      Commercial Office Space For Lease

      Commercial property with office space available for lease.
      3939 Linwood Avenue, Shreveport, LA 71108
      View Details
    • $3,500/Mo

      Well-Maintained Office Space Available

      Attractive Shreveport office space with modern amenities and ample parking.
      8871 Quimper Place, Shreveport, LA 71105
      View Details
    • $600/Mo

      Shreveport Office Suite For Lease

      All-inclusive office leasing in Shreveport's Kings Ridge Executive Suites.
      831 Kings Highway, Shreveport, LA 71104
      View Details
    • $850/Mo

      Office Space on Busy Street

      Office space for rent with high visibility and paved parking.
      5403 Hearne Avenue, Shreveport, LA 71108
      View Details
    • $5,500/Mo

      Shreveport Industrial Property with Acreage

      Versatile industrial space with office, warehouse, and secure storage.
      6508 W 70th Street, Shreveport, LA 71129
      View Details
    • $2,345/Mo

      Renovated Storefront Retail/Office Space

      Historically renovated retail or office space with private parking.
      411 Lake Street, Shreveport, LA 71101
      View Details
    • $5,300/Mo

      Climate Controlled Shreveport Warehouse

      Newly constructed, climate-controlled warehouse with parking near major thoroughfares.
      7023 Sand Beach Boulevard, Shreveport, LA 71105
      View Details
    • $1,694/Mo

      Renovated Storefront Retail/Office Space

      Historically renovated retail or office space with private parking.
      415 Lake Street, Shreveport, LA 71101
      View Details

    FAQs

    What type of property is this?
    Office building - Renovated office building with parking in downtown Shreveport.
    Where is this office building located?
    The property is located at 631 Milam Shreveport, LA.
    What are key features of this property?
    This property features: Renovated Historic Office Building; Prime Downtown Shreveport Location on the corner of Milam & Louisiana, near courthouse; Parking Available
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Stokes
    Real Estate License ID: LA BROK.995717623-ASA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    631 Milam, Shreveport, LA 71101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!