Building Details

Year Built 1960

Listing Agency: RE/MAX UNITED

Listed By: John Lorick · License #995689356 Show Phone

Source: Lacdb.resimplifi

Added: Aug 16, 2022 Changed: Sep 11 Last Checked: Oct 7 at 8:34AM

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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 / Yr

$65,136

Cap Rate

9.11%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $74,150 @ 7.0% cap · market cap 10.37%

Second Best

Industrial

$930.5K

$814.2K – $1.09M (±1% cap)

NOI $65,136 @ 7.0% cap · market cap 9.11%

Theoretical Best

Office A

$2.20M

$1.92M – $2.56M (±1% cap)

NOI $153,654 @ 7.0% cap · market cap 21.49%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center (Bike/Boat/Book/etc) Store Skin Care Clinic Furniture & Home Goods Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Gomze — 3818 Linwood Ave, Shreveport, LA 71103
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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