West Kirby Place
For Sale
Contact for pricing
1550 W Kirby Pl, Shreveport, LA 71103
Warehouse property at West Kirby Place, Shreveport, LA 71103.
Property Size10,400 SF
Price / SF$68.75
Days on Market1468
Property Features for 1550 W Kirby Pl
General Information
Standard status
Active
Size
10,400 SF
Property subtype
Industrial
Building Details
Units
1
Listing Agency:
Remax
(318) 684-3030
Listed By:
John M Lorick · License #LA 0995689356
Source:
Crexi
Added: Aug 17, 2022
Changed: Aug 8
Last Checked: Aug 21 at 9:55PM
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 Remax
Investment Insights
Based on property information with market context.
The property located at West Kirby Place in Shreveport, LA 71103, is a warehouse or industrial property. The property has a size of 10400 square feet and is for sale.
Key Highlights
- Location: West Kirby Place
- Additional Property Details
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
$65,136
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
9.11%
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%
$1,302,720
$1.3M
Cap Rate 7%
$930,514
$930.5K
Cap Rate 9%
$723,733
$723.7K
Market Conditions
NOI Build-Up for 10,400 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
$99.8K $9.60/SF
− Vacancy
−$6.8K −$0.65/SF
EGI
$93.1K $8.95/SF
− OpEx
−$27.9K −$2.68/SF
NOI
$65.1K $6.26/SF
Area
Shreveport, LA
Vacancy
6.80%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,302,720
Cap Rate 7%
$930,514
Cap Rate 9%
$723,733
Alternative Uses
Best Use
Warehouse
$1.06M
$926.9K – $1.24M
NOI $74,150 @ 7.0% cap · market cap 10.37%
Second Best
Industrial
$930.5K
$814.2K – $1.09M
NOI $65,136 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,654 @ 7.0% cap · market cap 21.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,660
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71103, LA
6,362
Population
3,264
Households
1.9
Avg Household Size
44
Median Age
13%
College-Educated
73%
High-School Grad
3.9 sq mi
ZIP Area
1,631
Density / Sq Mi
$27,958
Median Household Income
$23,622
Median Earnings
$827
Median Rent
$74,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Boat-Motor Home Storage — 2502 Samford Ave, Shreveport, LA 71103
- Gomze — 3818 Linwood Ave, Shreveport, LA 71103
- American Van & Storage — 2005 Texas Ave, Shreveport, LA 71103
- Murphy Bonded Warehouse LLC — 2391 Levy St, Shreveport, LA 71103
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property at West Kirby Place, Shreveport, LA 71103.
Where is this warehouse located?
The property is located at 1550 W Kirby Pl 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: Location: West Kirby Place; Additional Property Details
