Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    422 Milam St Shreveport, LA 71101

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    6,000 sq ft, prime location, renovation-ready

    Lot size:
    6,000 SF

    Property Features for 422 Milam St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF

    Spaces For Lease

    at 422 Milam St, Shreveport, LA 71101 Contact us
    Unit

    $10 /Mo

    Size
    6,000 SF
    Contact us

    We can help!

    Listing Contact
    Hayden Wallace
    Hayden Wallace

    Listing Agent: Hayden Wallace

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 6,000 square foot retail space, formerly Pano's Diner, is located on the ground floor of Shreveport's historic Johnson Building at 422 Milam St, Shreveport, LA 71101. The property is situated in Caddo Parish and offers a single-tenant occupancy. Its versatile layout is ideal for a restaurant, bar, or mixed-use commercial venture. The space is renovation-ready, allowing for a complete transformation to suit a wide range of concepts. This prime location benefits from high foot traffic due to its proximity to the Caddo Parish Courthouse, numerous high-rise office buildings, the Shreveport Convention Center, and local casinos. The property presents a unique opportunity to establish a thriving business within a historically significant building, capitalizing on the existing infrastructure and the vibrant energy of downtown Shreveport. The space's adaptable design allows for the creation of a modern establishment while retaining the building's inherent charm. This is a chance to create a landmark destination that caters to both local residents and visitors. The property's strategic location ensures high visibility and accessibility, making it an attractive investment for entrepreneurs seeking a prominent presence in the heart of Shreveport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.748486289301
    Latitude
    32.512249482442

    Nearby Similar for Lease

    • $850 /Mo
      5,550 SF

      Office Space on Busy Street

      Office space for rent with high visibility and paved parking.
      5403 Hearne Ave, Shreveport, LA 71108
      View Details
    • $3,000 /Mo
      4 SF

      Professional Office Space in Shreveport

      Well-maintained office ideal for medical, professional, or administrative use.
      425 Ashley Blvd, Shreveport, LA 71105
      View Details
    • $1,250 /Mo
      6,534 SF

      Commercial Office Space For Lease

      Commercial property with office space available for lease.
      3939 Linwood Ave, Shreveport, LA 71108
      View Details
    • $3,500 /Mo
      2,701 SF

      Well-Maintained Office Space Available

      Attractive Shreveport office space with modern amenities and ample parking.
      8871 Quimper Pl, Shreveport, LA 71105
      View Details
    • $1,150 /Mo
      5,227 SF

      Versatile Commercial Building with Parking

      Move-in ready commercial building suitable for various business types.
      1838 Texas Ave, Shreveport, LA 71103
      View Details
    • $4,400 /Mo
      18,949 SF

      Downtown Shreveport Office/Retail Space

      Refinished storefront office or retail space in downtown Shreveport.
      417 Lake St, Shreveport, LA 71101
      View Details
    • $5,300 /Mo
      19,166 SF

      Climate Controlled Shreveport Warehouse

      Newly constructed, climate-controlled warehouse with parking near major thoroughfares.
      7023 Sand Beach Blvd, Shreveport, LA 71105
      View Details
    • $5,500 /Mo
      260,924 SF

      Shreveport Industrial Property with Acreage

      Versatile industrial space with office, warehouse, and secure storage.
      6508 W 70Th St, Shreveport, LA 71129
      View Details
    • $950 /Mo
      108,900 SF

      Shreveport Warehouse and Office Space

      Climate-controlled warehouse and office units available for lease.
      4356 Roy Road Ext, Shreveport, LA 71107
      View Details
    • $5,000 /Mo
      21,432 SF

      Shreveport Office or Retail Space

      Well-maintained building suitable for office or retail in Shreveport, LA.
      800 Brook Hollow Dr, Shreveport, LA 71105
      View Details
    • $1,694 /Mo
      18,861 SF

      Renovated Storefront Retail/Office Space

      Historically renovated retail or office space with private parking.
      415 Lake St, Shreveport, LA 71101
      View Details
    • $2,345 /Mo
      18,861 SF

      Renovated Storefront Retail/Office Space

      Historically renovated retail or office space with private parking.
      411 Lake St, Shreveport, LA 71101
      View Details

    FAQs

    What type of property is this?
    Restaurant - 6,000 sq ft, prime location, renovation-ready
    Where is this restaurant located?
    The property is located at 422 Milam St Shreveport, LA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 6,000 SF ground floor retail space in Shreveport's historic Johnson Building at 422 Milam St.; Single-tenant occupancy, ideal for restaurant, bar, or mixed-use.; Renovation-ready space with versatile layout.
    (318) 231-2000 Call to check price and availability
    Request Owner's contact information
    422 Milam St Shreveport, LA 71101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    422 Milam St
    Shreveport, LA 71101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    422 Milam St Shreveport, LA 71101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Hayden Wallace
    Hayden Wallace
    Real Estate License ID: 0995697983
    (318) 231-2000 (318) 510-0636
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!