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    73 Acres on Airline Drive Title is generated by Realmo AI

    Airline Drive 73 Acres, Bossier City, LA 71111

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    73 acres of land in North Bossier City for sale.

    Type:Land
    Lot size:
    73.00 Acres
    Added:
    Nov 19, 2019
    Days on Market:
    2388
    Last Refresh:
    May 19 at 9:34 pm

    Property Features for Airline Drive 73 Acres

    General Information

    Standard status
    Active
    Lot size
    73.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Michael Morrison
    Michael Morrison

    Listing agent Michael Morrison License #LA SALE.0000020699-ACT

    Listing office Vintage Realty Company

    Listing date Nov 19, 2019

    Source Crexi

    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 Vintage Realty Company

    HighLights

    • Prime Location: 73 acres in North Bossier, 1.3 miles from I‑220, a highly desirable commercial/retail corridor.
    • High Visibility & Accessibility: Excellent 470 feet of frontage on busy Airline Drive, ensuring easy access.
    • Development Ready: 13 acres of cleared, level, and well‑drained land ready for immediate development.
    • Utilities Available: Water (12‑inch line) and sewer (27‑inch line) readily available along Airline Drive.
    • Large Land Parcel: Includes a 60‑acre tract suitable for industrial uses.
    • Level and Well‑Drained Land: The additional 60‑acre tract is both wooded and cleared, yet level and well‑drained.

    Overview

    Located in North Bossier, 1.3 miles north of I-220, this 73-acre tract of land is situated on the east side of Airline Drive. Thirteen acres are cleared, level, and well-drained, featuring 470 feet of frontage on Airline Drive. The property benefits from easy access and high visibility on the busy Airline Drive. Water (12-inch line) and sewer (27-inch line) services are available along Airline Drive. To the east and rear of the property is a 60-acre tract of land that is both wooded and cleared, yet level and well-drained. The property is ideal for possible industrial uses, but not available to any R-zoned uses due to the Barksdale B-52 flight pattern.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bossier City
    County
    Bossier
    State
    Louisiana
    Longitude
    -93.6897
    Latitude
    32.5785

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    FAQs

    What type of property is this?
    Commercial land - 73 acres of land in North Bossier City for sale.
    Where is this commercial land located?
    The property is located at Airline Drive 73 Acres Bossier City, LA.
    What are key features of this property?
    This property features: Prime Location: 73 acres in North Bossier, 1.3 miles from I‑220, a highly desirable commercial/retail corridor.; High Visibility & Accessibility: Excellent 470 feet of frontage on busy Airline Drive, ensuring easy access.; Development Ready: 13 acres of cleared, level, and well‑drained land ready for immediate development.
    (318) 222-2244 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Morrison
    Michael Morrison
    Real Estate License ID: LA SALE.0000020699-ACT
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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