0.72 Acre Lot on
For Sale
$320,000
1102 pierremont road, Shreveport, LA 71106
0.72 acre lot with frontage on Pierremont Road.
Property Size2,500 SF
Lot Size0.72 Acres
Price / SF$128
Days on Market1259
Property Features for 1102 pierremont road
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.72 Acres
Property subtype
Land
Zoning
R-1-7
Amenities
Water
Sewer
Listing Agency:
Walker-Alley & Associates
Listed By:
Mitch Busada · License #SALE.0995680290-ACT
(318) 518-4108
Source:
Lacdb.resimplifi
Added: May 9, 2023
Changed: Oct 3
Last Checked: Oct 16 at 5:53AM
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
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Investment Insights
Based on property information with market context.
The property is a 0.72 acre lot located on the north side of Pierremont Road, featuring 140 feet of frontage on Pierremont Road and a depth of 227 feet. Currently zoned residential (R-1-7), it is one of only two remaining residential properties on Pierremont between I-49 and Line Avenue, within a corridor that includes properties with C-1 and C-2 zoning. The site includes a 2,500 square foot home suitable for conversion at the front of the property. The rear of the property contains an approximately 0.4-acre backyard with an approximately 1,000 square foot shop and a 700 square foot concrete pad, accessible via a driveway from Pierremont Road. All measurements are approximate.
Key Highlights
- Potential for commercial rezoning (C‑1 or C‑2).
- Large 0.72‑acre lot with 140 feet of frontage on Pierremont Road.
- Existing 2,500 sq ft home suitable for conversion or renovation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,350
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,000
$567.0K
Cap Rate 7%
$405,000
$405.0K
Cap Rate 9%
$315,000
$315.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.0K $18.00/SF
− Vacancy
−$7.2K −$2.88/SF
EGI
$37.8K $15.12/SF
− OpEx
−$9.5K −$3.78/SF
NOI
$28.4K $11.34/SF
Area
Shreveport, LA
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,000
Cap Rate 7%
$405,000
Cap Rate 9%
$315,000
Alternative Uses
Best Use
Office B
$405.0K
$354.4K – $472.5K
NOI $28,350 @ 7.0% cap · market cap 8.86%
Second Best
Mixed Use
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
Business Placement
Demographics for 71106, LA
34,906
Population
15,415
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
33.2 sq mi
ZIP Area
1,051
Density / Sq Mi
$77,724
Median Household Income
$48,949
Median Earnings
$890
Median Rent
$310,300
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
Frequently Asked Questions
What type of property is this?
Commercial land - 0.72 acre lot with frontage on Pierremont Road.
Where is this commercial land located?
The property is located at 1102 pierremont road Shreveport, LA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Potential for commercial rezoning (C‑1 or C‑2).; Large 0.72‑acre lot with **140 feet of frontage on Pierremont Road**.; Existing 2,500 sq ft home suitable for conversion or renovation.
