Income Producing Opportunity in
9200 Wallace Lake Road, Shreveport, LA 71106
Two buildings with income potential in a prime location.
Type:Commercial/Industrial
Property size:
11,205 SFLot size:
1.05 AcresPrice / SF:
$138/SF- Added:
- Aug 22, 2024
- Days on Market:
- 640
- Last Refresh:
- May 20 at 12:57 am
Property Features for 9200 Wallace Lake Road
General Information
- Standard status
- Active
- Size
- 11,205 SF
- Lot size
- 1.05 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2013
Listing agent Mike Moore License #0995688224 (318) 453-3373
Listing office Coldwell Banker Apex, REALTORS (318) 453-3373
Listing date Aug 22, 2024
Source Exitrealty
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 Coldwell Banker Apex, REALTORS
HighLights
- Significant income potential from multiple sources including Salon, Retail, Apartment, Billboard, and Seasonal Lot Leases.
- Two commercial buildings with existing tenants and long‑term 5‑year leases on Salon and Retail spaces.
- Additional 3‑bedroom, 2‑bathroom apartment with separate entrance offers potential rental income.
- Billboard with auto‑renewing lease provides consistent revenue.
- Property includes both Salon and Retail spaces.
- Relatively new construction, built in 2013.
Overview
This property presents an income-producing opportunity with two buildings located at 9200 Wallace Lake Road and 9210 Wallace Lake Road. The building at 9200 Wallace Lake Road is currently operating as a salon. The building at 9210 Wallace Lake Road is a retail space with a tenant. There is a three-bedroom, two-bathroom apartment on the second floor of the salon building, accessible via a separate entrance, that could be leased out. A billboard on the property has an auto-renewing lease with Lamar. A small portion of the parking lot is leased out three times a year for seasonal sales, such as fireworks or Christmas trees. Both the salon and retail buildings are under 5-year leases. The property has a total size of 11205 square feet and is located in Shreveport, LA.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.41M
NOI $127,065 @ 9.00% cap · cautious / downside scenario
Moderate
$1.82M
NOI $127,065 @ 7.00% cap · market / base-case scenario
Aggressive
$2.54M
NOI $127,065 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.7k | $18.00 |
| − Vacancy | −$32.3k | −$2.88 |
| EGI | $169.4k | $15.12 |
| − OpEx | −$42.4k | −$3.78 |
| NOI | $127.1k | $11.34 |
11,205 SF · lease $18.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,065 @ 7.0% cap · market cap 8.20%
Second Best
Retail
$1.59M
$1.39M – $1.85M
NOI $111,064 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,547 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Raven's Cliff Farms
Big Box & Wholesale Store
Shreveport Christmas
Christmas Tree Farm
Britt's Skin Spa
Spa & Massage Center
Crank's Fireworks
Discount Store
Megan’s Esthetics
Spa & Massage Center
Location Insight
- Map
- Local Demand
- City
- Shreveport
- County
- Caddo
- State
- Louisiana
- Longitude
- -93.739
- Latitude
- 32.3976
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Two buildings with income potential in a prime location.
Where is this retail space located?
The property is located at 9200 Wallace Lake Road Shreveport, LA.
What is the asking price?
The asking price for this property is $1,549,800.
What are key features of this property?
This property features: Significant income potential from multiple sources including Salon, Retail, Apartment, Billboard, and Seasonal Lot Leases.; Two commercial buildings with existing tenants and long‑term 5‑year leases on Salon and Retail spaces.; Additional 3‑bedroom, 2‑bathroom apartment with separate entrance offers potential rental income.
