0.72 Acre Lot on
1102 Pierremont Rd Shreveport, LA 71106
1102 Pierremont Rd, Shreveport, LA, 71106
Contact for pricing
For Sale
Contact for pricing
0.72 acre lot with frontage on Pierremont Road.
Property Size2,500 SF
Lot Size0.72 Acres
Price / SF$128
Days on Market1123
Property Features for 1102 Pierremont Rd
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.72 Acres
- Property subtype
- Mixed Use, Office, Retail, Special Purpose
Listing Agency
Walker-Alley & Associates LLC
(318) 222-2022
Listed by
Mitch Busada · License #LA SALE.0995680290-ACT
Source
Crexi
Added: Jun 23, 2023 Checked: Jul 19 at 7:45 am
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 LLC
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $18.00 |
| − Vacancy | −$7.2k | −$2.88 |
| EGI | $37.8k | $15.12 |
| − OpEx | −$9.5k | −$3.78 |
| NOI | $28.4k | $11.34 |
2,500 SF · lease $18.00/SF/yr · vacancy 16.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
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 Rd 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.
