Office Building with Private
For Sale
$164,900
909 Mcdade Street, Bossier City, LA 71112
Commercial-zoned building with reception and warming areas.
Property Size1,112 SF
Price / SF$148.29
Days on Market50
Property Features for 909 Mcdade Street
General Information
Standard status
Active
Size
1,112 SF
Property subtype
Office
Building Details
Year Built
1962
Buildings
1
Listing Agency:
Pinnacle Realty Advisors
(318) 233-1045
Listed By:
Lee Nugent · License #0995695038
(907) 744-2452
Source:
Lonestarluxuryrealty
Added: Aug 19
Changed: Oct 7
Last Checked: Oct 7 at 12:24PM
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 Pinnacle Realty Advisors
Investment Insights
Based on property information with market context.
This office building at 909 McDade Street includes three private offices, a reception area, and a warming area. The property sits on a large lot and was built in 1962.
The building is located on McDade Street in Bossier City, Louisiana, with a convenience store situated one block north. Commercial zoning supports the property’s office-oriented configuration.
The building is located on McDade Street in Bossier City, Louisiana, with a convenience store situated one block north. Commercial zoning supports the property’s office-oriented configuration.
Key Highlights
- Three private offices
- Reception area and warming area
- Large lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,974
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,480
$219.5K
Cap Rate 7%
$156,771
$156.8K
Cap Rate 9%
$121,933
$121.9K
Market Conditions
NOI Build-Up for 1,112 SF
Gross rent
$17.2K $15.48/SF
− Vacancy
−$2.6K −$2.32/SF
EGI
$14.6K $13.16/SF
− OpEx
−$3.7K −$3.29/SF
NOI
$11.0K $9.87/SF
Area
Bossier County, LA
Vacancy
15.00%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,480
Cap Rate 7%
$156,771
Cap Rate 9%
$121,933
Alternative Uses
Best Use
Office B
$156.8K
$137.2K – $182.9K
NOI $10,974 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$189.3K
$165.6K – $220.8K
NOI $13,250 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 71112, LA
32,561
Population
14,248
Households
2.3
Avg Household Size
36
Median Age
25%
College-Educated
92%
High-School Grad
41.7 sq mi
ZIP Area
781
Density / Sq Mi
$59,814
Median Household Income
$41,110
Median Earnings
$1,181
Median Rent
$183,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Commercial-zoned building with reception and warming areas.
Where is this office building located?
The property is located at 909 Mcdade Street Bossier City, LA.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Three private offices; Reception area and warming area; Large lot
