Claiborne Avenue Office/Medical
1714 Claiborne Ave Shreveport, LA 71103
1714 Claiborne Ave, Shreveport, LA, 71103
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For Sale
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Office/medical building with expansion potential on 1.34 acres.
Property Size7,660 SF
Lot Size1.34 Acres
Price / SF$129.90
Days on Market977
Property Features for 1714 Claiborne Ave
General Information
- Standard status
- Active
- Size
- 7,660 SF
- Lot size
- 1.34 Acres
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 2007
Listing Agency
Beth King Real Estate, LLC
(318) 222-8700
Listed by
Beth King · License #LA 995706795
Source
Crexi
Added: Nov 16, 2023 Updated: Jul 10 at 3:43 pm Checked: Jul 19 at 9:08 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 Beth King Real Estate, LLC
Investment Insights
Based on property information with market context.
The property at 1714 Claiborne Avenue features a 6,610-square-foot building and an approximately 1,000-square-foot storage building, situated on 1.34 acres of land. The site includes architecturally stunning monument signage at the corner of Claiborne and McWillie, which can be modified. The grounds are well-landscaped and offer 42 parking spaces, with excess land available for building or parking expansion. The building's efficient design maximizes space utility, incorporating a large waiting room and reception area, three offices (adaptable as additional exam rooms), a file room, break room, conference room, handicap restrooms, nine workstations, a mock apartment (convertible for lab use), a separate server room, and tutor rooms. A large covered walkway provides convenient access during inclement weather. The property is suitable for various office, medical office, or research space applications.
Key Highlights
- 6,610 SF building on 1.34 acres with additional 1,000 SF storage building.
- Excess land allows for building and/or parking expansion.
- Ideal for office, medical office, or research space.
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 | $137.9k | $18.00 |
| − Vacancy | −$22.1k | −$2.88 |
| EGI | $115.8k | $15.12 |
| − OpEx | −$29.0k | −$3.78 |
| NOI | $86.9k | $11.34 |
7,660 SF · lease $18.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $86,864 @ 7.0% cap · market cap 8.73%
Second Best
Healthcare Medical
$1.23M
$1.08M – $1.44M
NOI $86,258 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,172 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
L.A.B. Low Vision ...
Charitable Organization
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FAQs
What type of property is this?
Office building - Office/medical building with expansion potential on 1.34 acres.
Where is this office building located?
The property is located at 1714 Claiborne Ave Shreveport, LA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 6,610 SF building on 1.34 acres with additional 1,000 SF storage building.; Excess land allows for building and/or parking expansion.; Ideal for office, medical office, or research space.
