Shreveport Mixed-Use Property For
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8932 Jewella Ave, Shreveport, LA 71118
20,205 SF mixed-use property with office and warehouse space.
Property Size20,205 SF
Price / SF$79.19
Days on Market2789
Property Features for 8932 Jewella Ave
General Information
Standard status
Active
Size
20,205 SF
Class
B
Property subtype
Industrial, Office, Retail
Zoning
C-UV
Occupancy
70%
Lease Type
Net
Investment Type
Net Lease
Building Details
Units
2
Tenancy
Multi
Listing Agency:
Walker-Alley & Associates LLC
(318) 222-2022
Listed By:
Mitch Busada · License #LA SALE.0995680290-ACT
Source:
Crexi
Added: Jan 2, 2019
Changed: Aug 14
Last Checked: Aug 21 at 11:27PM
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
Investment Insights
Based on property information with market context.
Located in Southwest Shreveport, one block south of the Inner Loop (Hwy. 3132) and minutes from I-49 and I-20, this building offers 20,205 rentable square feet. Suite A, comprising 14,060 square feet, is leased through May 2027 and is built out as general office space with larger classrooms and meeting rooms. Suite B, with 6,145 square feet, is currently available. It features approximately 2,600 square feet of office space in the front and approximately 3,500 square feet of warehouse space in the back, including a 12’ x 12’ rollup door. This property is suitable for a variety of commercial uses, offering both office and warehouse functionalities.
Key Highlights
- Leased Suite A provides immediate income through May 2027.
- Strategic location near Inner Loop (Hwy. 3132) and minutes from I‑49 and I‑20.
- Suite B offers a combination of office and warehouse space with a 12’ x 12’ rollup 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
$144,058
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
9.00%
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%
$2,881,160
$2.9M
Cap Rate 7%
$2,057,971
$2.1M
Cap Rate 9%
$1,600,644
$1.6M
Market Conditions
NOI Build-Up for 20,205 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
$181.8K $9.00/SF
− Vacancy
−$12.4K −$0.61/SF
EGI
$169.5K $8.39/SF
− OpEx
−$25.4K −$1.26/SF
NOI
$144.1K $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%
$2,881,160
Cap Rate 7%
$2,057,971
Cap Rate 9%
$1,600,644
Alternative Uses
Best Use
Office B
$3.27M
$2.86M – $3.82M
NOI $229,125 @ 7.0% cap · market cap 14.32%
Second Best
Mixed Use
$3.12M
$2.73M – $3.64M
NOI $218,214 @ 7.0% cap · market cap 13.64%
Theoretical Best
Office A
$4.26M
$3.73M – $4.98M
NOI $298,517 @ 7.0% cap · market cap 18.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 71118, LA
24,582
Population
10,078
Households
2.4
Avg Household Size
38
Median Age
20%
College-Educated
90%
High-School Grad
13.1 sq mi
ZIP Area
1,876
Density / Sq Mi
$56,952
Median Household Income
$37,241
Median Earnings
$1,009
Median Rent
$168,600
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?
Mixed-use property - 20,205 SF mixed-use property with office and warehouse space.
Where is this mixed-use property located?
The property is located at 8932 Jewella Ave Shreveport, LA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Leased Suite A provides immediate income through May 2027.; Strategic location near Inner Loop (Hwy. 3132) and minutes from I‑49 and I‑20.; Suite B offers a combination of office and warehouse space with a 12’ x 12’ rollup door.
