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    Greenwood Acreage with Equestrian Features Title is generated by Realmo AI

    8281 Shirley Francis Road, Shreveport, LA 71129

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    For Sale
    $715,000

    31.8-acre property with equestrian facilities, pond, and updated home.

    Type:Farm/Ranch
    Property size:
    2,600 SF
    Lot size:
    31.80 Acres
    Price / SF:
    $275/SF
    Added:
    Feb 4, 2026
    Days on Market:
    120
    Last Refresh:
    Mar 13 at 5:59 pm

    Property Features for 8281 Shirley Francis Road

    General Information

    Standard status
    Active
    Size
    2,600 SF
    Lot size
    31.80 Acres
    Property subtype
    Farm/Ranch

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    Jennifer Hulbert

    Listing agent Jennifer Hulbert License #0995714992

    Listing office Osborn Hays Real Estate, LLC

    Listing date Feb 4, 2026

    Source Compass

    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 Osborn Hays Real Estate, LLC

    HighLights

    • 31.8‑acre property ideal for equestrian use, hobby farming, recreation, or multi‑generational living.
    • Impressive 50’ x 100’ multi‑purpose barn with a recently remodeled efficiency apartment (1.5 baths) suitable for guests, ranch help, or rental income.
    • 2022 Clayton manufactured home featuring 4 bedrooms, 3 full baths, a dedicated office, and 2 living areas.
    • Scenic stocked pond providing opportunities for fishing, recreation, and peaceful views.
    • Extensive equestrian and agricultural improvements including two barns, horse stalls, chicken coop, storage, loft, pipe fencing, and holding areas.
    • Updated electrical infrastructure, three water wells with filtration system, and four 50‑amp RV hookups (one with septic).

    Overview

    Located in Greenwood on approximately 31.8 acres, this property combines residential living with equestrian amenities. The property includes a stocked pond that offers opportunities for fishing and recreation. Equestrian and agricultural improvements consist of two barns. The first barn includes three horse stalls, a chicken coop, a storage room, and a loft area. The second barn measures 50’ x 100’ and contains a remodeled efficiency apartment with one and a half baths. Electrical infrastructure has been updated to provide power and lighting to the barns, a pavilion, and four gated pasture areas. A 2022 Clayton manufactured home features approximately four bedrooms, three full baths, a dedicated office, and two living areas, plus a rear deck overlooking the pond. Additional features include four 50-amp RV hookups (one with septic), three water wells with updated plumbing, with the primary well featuring a full filtration system including a carbon filter and water softener, pipe fencing and holding areas, and multiple fenced and cross-fenced pasture sections. The property is located near Greenwood and I-20 access, providing flexibility for equestrian use, hobby farming, recreation, or multi-generational living.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Auto Parts Store Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.9438037
    Latitude
    32.4125353

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    FAQs

    What type of property is this?
    Horse & equestrian property - 31.8-acre property with equestrian facilities, pond, and updated home.
    Where is this horse & equestrian property located?
    The property is located at 8281 Shirley Francis Road Shreveport, LA.
    What is the asking price?
    The asking price for this property is $715,000.
    What are key features of this property?
    This property features: 31.8‑acre property ideal for equestrian use, hobby farming, recreation, or multi‑generational living.; Impressive **50’ x 100’ multi‑purpose barn with a recently remodeled efficiency apartment (1.5 baths)** suitable for guests, ranch help, or rental income.; **2022 Clayton manufactured home featuring 4 bedrooms, 3 full baths, a dedicated office, and 2 living areas.**
    (478) 955-0430
    We can help!
    Listing Contact
    Jennifer Hulbert
    Real Estate License ID: 0995714992
    Learn More
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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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