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    Religious Facility with Flexible Rooms Title is generated by Realmo AI

    641 Rollins Street, Shreveport, LA 71106

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    For Sale
    $300,000

    COMMERCIAL - Shreveport, LA

    Lot size:
    0.34 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    44
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 641 Rollins Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    171331006003900
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Description
    LOTS 7 & 8, SOLO HOOD SUB. OF PART OF LOT 8,
    Tax Annual Amount
    5084

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1989
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile, Carpet
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Karen Davis

    Listing agent Karen Davis License #0995697332

    Listing office Diamond Realty & Associates Bossier City, LA

    Listing date Apr 21, 2026

    MLS# 21193918

    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

    • 1989‑built brick building with metal roof
    • Spacious main assembly area plus multiple additional rooms suitable for offices or classroom use
    • Central heating and central A/C
    • Public water and public sewer
    • Currently configured as a place of worship with ample on‑site parking
    • Located in Shreveport at 641 Rollins St (71106), with easy access to major thoroughfares

    Overview

    Located at 641 Rollins Street in Shreveport, this well-maintained facility is currently configured as a place of worship. The interior includes a spacious main assembly area along with multiple additional rooms that can support uses such as offices or classrooms. Ample on-site parking is available, and the overall layout offers flexibility for organizations that need both gathering space and supporting rooms.

    The property is situated in the 71106 area with easy access to major thoroughfares, helping make arrivals and day-to-day operations more convenient. Its practical configuration supports community-facing programming where space needs may vary over time.

    For buyers and operators, this building offers a straightforward option for continued religious use, community organization space, or educational purposes. The combination of a large assembly area and separate rooms can support multi-function scheduling, such as classes, meetings, and administrative needs, without requiring a complete buildout. If you’re seeking a single facility that can accommodate both gatherings and everyday room-based activities, this property is worth a close look.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shreveport Cedar Grove ... Church

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.741445
    Latitude
    32.413199

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    FAQs

    What type of property is this?
    Church & religious facility - Well-maintained place of worship with a spacious assembly area, adaptable rooms, and ample on-site parking.
    Where is this church & religious facility located?
    The property is located at 641 Rollins Street Shreveport, LA.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: 1989‑built brick building with metal roof; Spacious main assembly area plus multiple additional rooms suitable for offices or classroom use; Central heating and central A/C
    (318) 746-0011
    We can help!
    Listing Contact
    Karen Davis
    Real Estate License ID: 0995697332
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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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