Property profile

401 Market St Shreveport, LA 71101

OFF-MARKET
Commercial real estate
Property ID
US36-0526863
203,190 SF
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

American Tower, a striking 16-story Class A building in Downtown Shreveport, offers 106,689 square feet of vacant space in a prime location. This single, 19-suite building boasts a mirrored glass and metal exterior, providing stunning views of the Red River, Downtown Shreveport, and the Bossier Boardwalk. Situated at the intersection of Spring Street and Market Street—major Downtown Shreveport thoroughfares—the property offers unparalleled accessibility. The building features a 9-foot ceiling height, five elevators (four passenger, one freight), and 430 parking spaces, including a convenient free short-term parking area for visitors. Built in 1977, this 1.5-acre property is zoned D-1-CBD and offers flexible space options, with a minimum divisible space of 838 square feet and a maximum contiguous space of 26,061 square feet. The building is adjacent to a landscaped green space, adding to its attractive and convenient location. The property's APN is 181437158003500.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction CONCRETE
Total area 203,190 SF
APN 181437-157-0039-00
UPID US36-0526863

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Computer & Electronic Repair
  • Law Firm
  • Event Planning
  • Law Firm
  • Law Firm

Location

401 Market St Shreveport, LA 71101-3295
Shreveport metro Census 25300 SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.52M
Blend (final) Blend
$550k

Owner & transaction history

since 2005
6 recorded transactions
2016
Price N/A
2009
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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