Shreveport Industrial Site For
For Sale
Contact for pricing
6875 Patrick Lane, Shreveport, LA 71129
Functional 3-acre industrial site with 9,381 SF building.
Property Size9,381 SF
Lot Size3.00 Acres
Price / SF$138.58
Days on Market196
Property Features for 6875 Patrick Lane
General Information
Standard status
Active
Size
9,381 SF
Lot size
3.00 Acres
Property subtype
Industrial
Listing Agency:
Lee & Associates Louisiana
(318) 282-2974
Listed By:
Tom Mcgee · License #LA
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Aug 12 at 5:01AM
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 Lee & Associates Louisiana
Investment Insights
Based on property information with market context.
Located in Shreveport, LA, 6875 Patrick Lane is a functional 3-acre industrial site featuring a stabilized rock yard suitable for heavy equipment, truck traffic, and exterior storage. The property includes a 9,381 SF building, with approximately 1,525 SF of finished office/showroom space and 5,777 SF of shop space, including a dedicated wash bay. This layout supports a range of industrial uses such as fleet services, equipment rental, oilfield support, or logistics operators who require both administrative space and robust shop capabilities. Strategically located within an established industrial corridor in west Shreveport, the site provides accessibility for regional service operations. The expansive yard and heavy-duty surfacing offer functionality for businesses requiring equipment staging or maneuverability. With its turnkey setup, mix of office and industrial space, and supporting infrastructure, this property is a practical solution for service-driven or equipment-intensive users.
Key Highlights
- 3‑acre industrial site with stabilized rock yard suitable for heavy equipment and storage
- 9,381 SF building with office/showroom and shop space including a wash bay**
- Ideal for fleet services, equipment rental, oilfield support, or logistics operators
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
$66,885
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
5.15%
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%
$1,337,700
$1.3M
Cap Rate 7%
$955,500
$955.5K
Cap Rate 9%
$743,167
$743.2K
Market Conditions
NOI Build-Up for 9,381 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
$84.4K $9.00/SF
− Vacancy
−$5.7K −$0.61/SF
EGI
$78.7K $8.39/SF
− OpEx
−$11.8K −$1.26/SF
NOI
$66.9K $7.13/SF
Area
Shreveport, LA
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,337,700
Cap Rate 7%
$955,500
Cap Rate 9%
$743,167
Alternative Uses
Best Use
Warehouse
$955.5K
$836.1K – $1.11M
NOI $66,885 @ 7.0% cap · market cap 5.15%
Second Best
Flex RnD
$884.3K
$773.8K – $1.03M
NOI $61,903 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,599 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Well-served
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Functional 3-acre industrial site with 9,381 SF building.
Where is this flex space located?
The property is located at 6875 Patrick Lane Shreveport, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3‑acre industrial site with **stabilized rock yard suitable for heavy equipment and storage**; 9,381 SF building with office/showroom and shop space including a wash bay**; Ideal for fleet services, equipment rental, oilfield support, or logistics operators
