Listing Agency: Vintage Realty Company

Listed By: Brad Armstrong · License #BROK.0000058074.A-ASA Show Phone

Source: Lacdb.resimplifi

Added: Mar 19, 2024 Changed: Oct 4 Last Checked: Oct 7 at 8:30AM

Report an Issue

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

Investment Insights

Based on property information with market context.

This commercial property, suitable for office buildings, office properties, and spaces, is available for sale. The property offers a total size of 6,000 square feet.

Key Highlights

• No property information provided.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,040

Cap Rate

5.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,360,800 $1.4M

Cap Rate 7%

$972,000 $972.0K

Cap Rate 9%

$756,000 $756.0K

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$108.0K $18.00/SF

− Vacancy

−$17.3K −$2.88/SF

EGI

$90.7K $15.12/SF

− OpEx

−$22.7K −$3.78/SF

NOI

$68.0K $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%

$1,360,800

Cap Rate 7%

$972,000

Cap Rate 9%

$756,000

Alternative Uses

Best Use

Office B

$972.0K

$850.5K – $1.13M (±1% cap)

NOI $68,040 @ 7.0% cap · market cap 5.67%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,646 @ 7.0% cap · market cap 7.39%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

French Financial Financial Advisor Anna Means, PT Physician Anna Moore Physician Rod Pilgreen Park Gilsoul & Aronson, LLC, ... Law Firm

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Hair Salon Gym & Fitness Center Skin Care Clinic Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

980

Businesses Nearby

Explore this area Business Placement

Demographics for 71104, LA

13,680

Population

7,160

Households

1.9

Avg Household Size

36

Median Age

31%

College-Educated

94%

High-School Grad

3.9 sq mi

ZIP Area

3,508

Density / Sq Mi

$53,481

Median Household Income

$36,693

Median Earnings

$1,071

Median Rent

$163,300

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Claiborne Avenue Office/Medical Building

1714 Claiborne Ave, Shreveport, LA 71103

$995,000

6,610 SF

View details

Office Building with On-Site Parking

3312 N Market St, Shreveport, LA 71107

$625,000

6,133 SF

View details

Freestanding Multi-Level Office Building

8870 Youree Dr, Shreveport, LA 71115

$999,000

8,885 SF

View details

Two-Story Office Building

4300 Youree Dr, Shreveport, LA 71105

$985,000

9,134 SF

View details

Two-Story Medical Office Building

2015 Fairfield Ave, Shreveport, LA 71104

$623,560

8,790 SF

View details

Historic Office Building

520 N Spring St, Shreveport, LA 71101

$899,000

12,000 SF

View details

Office Building with Showroom

925 Short Spring St, Shreveport, LA 71101

$1,300,000

1,400 SF

View details

Office Building with Large Parking

3003 Knight Street, Shreveport, LA 71105

$1,200,000

41,392 SF

View details

Two-Story Historic Office Building

214 Milam St, Shreveport, LA 71101

$1,661,025

19,426 SF

View details

Renovated Office Building

6009 Financial Plaza, Shreveport, LA 71129

$900,000

View details

Office Building with Mezzanine

331 Milam Street, Shreveport, LA 71101

$2,400,000

26,045 SF

View details

Historic Office Buildings with Parking

631 Milam, Shreveport, LA 71101

$2,350,000

49,242 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - 6,000 square foot commercial property for sale.

Where is this office building located?

The property is located at 2950 Fairfield Ave Shreveport, LA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: No property information provided.