Flex Space with Grade-Level
For Sale
$700,000
6821 W 70 St, Shreveport, LA 71129
I-2-zoned property combines dedicated offices with an attached warehouse for industrial operations.
Property Size5,000 SF
Lot Size1.00 Acre
Price / SF$140
Days on Market4130
Property Features for 6821 W 70 St
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.00 Acre
Property subtype
Office
Zoning
I-2
Warehouse & Industrial
Warehouse Space
3,300 SF
Office Build-Out
1,700 SF
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Building Size
5,000 SF
Listing Agency:
Vintage Realty Company
Listed By:
Michael Berlin · License #0995684385
(318) 212-1687
Source:
Lacdb.resimplifi
Added: May 14, 2015
Changed: Aug 31
Last Checked: Sep 1 at 3:12PM
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 Vintage Realty Company
Investment Insights
Based on property information with market context.
This 5,000-square-foot flex property occupies 1 acre and combines 1,700 square feet of office area with 3,300 square feet of warehouse space. The office portion includes a reception and waiting area, two private offices, a conference room, kitchen and break area, and two restrooms. Warehouse functionality includes one 10-foot by 10-foot grade-level overhead door.
Positioned at the southwest corner of W. 70th St. and Brooks Rd. in West Shreveport, the property is approximately 0.4± miles east of W. Bert Kouns Industrial Loop, also designated LA 526. The I-20 and W. Bert Kouns Industrial Loop interchange is approximately 1± mile east, with reported traffic of 58,983 VPD, while Pines Rd. is approximately 1.7± miles west. The property is zoned I-2, Heavy Industrial. Mineral rights are not included.
Positioned at the southwest corner of W. 70th St. and Brooks Rd. in West Shreveport, the property is approximately 0.4± miles east of W. Bert Kouns Industrial Loop, also designated LA 526. The I-20 and W. Bert Kouns Industrial Loop interchange is approximately 1± mile east, with reported traffic of 58,983 VPD, while Pines Rd. is approximately 1.7± miles west. The property is zoned I-2, Heavy Industrial. Mineral rights are not included.
Key Highlights
- 5,000± SF office/warehouse on 1± acres
- 1,700± SF office area with reception, 2 offices, conference room, kitchen/break room, and 2 restrooms
- 3,300± SF warehouse with (1) 10’ x 10’ grade level overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,700
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,134,000
$1.1M
Cap Rate 7%
$810,000
$810.0K
Cap Rate 9%
$630,000
$630.0K
Market Conditions
NOI Build-Up for 5,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.0K $18.00/SF
− Vacancy
−$14.4K −$2.88/SF
EGI
$75.6K $15.12/SF
− OpEx
−$18.9K −$3.78/SF
NOI
$56.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,134,000
Cap Rate 7%
$810,000
Cap Rate 9%
$630,000
Alternative Uses
Best Use
Office B
$810.0K
$708.8K – $945.0K
NOI $56,700 @ 7.0% cap · market cap 8.10%
Second Best
Warehouse
$509.3K
$445.6K – $594.2K
NOI $35,649 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.06M
$923.4K – $1.23M
NOI $73,872 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - I-2-zoned property combines dedicated offices with an attached warehouse for industrial operations.
Where is this flex space located?
The property is located at 6821 W 70 St Shreveport, LA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 5,000± SF office/warehouse on 1± acres; 1,700± SF office area with reception, 2 offices, conference room, kitchen/break room, and 2 restrooms; 3,300± SF warehouse with (1) 10’ x 10’ grade level overhead door
