New Flex Building with Grade-Level
For Sale
$650,000
9305 Wallace Lake Road, Shreveport, LA 71106
Newly constructed shell with storefront glazing, rear overhead access, and C-1 zoning.
Property Size4,035 SF
Lot Size0.50 Acres
Price / SF$161.09
Days on Market8
Property Features for 9305 Wallace Lake Road
General Information
Standard status
Active
Size
4,035 SF
Total Parking Spaces
14
Lot size
0.50 Acres
Property subtype
Office
Zoning
C-1
Additional Details
Furnished
No
Road Access
Yes
Drive-In Doors
2
Building Details
Building Size
4,035 SF
Year Built
2026
Buildings
1
Stories
1
Abandoned
No
Listing Agency:
Coldwell Banker Apex, REALTORS
(214) 500-0359
Listed By:
Andrew Cordaro · License #995686324
(214) 500-0359
Source:
Cbcworldwide
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 20 at 4:23AM
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
Investment Insights
Based on property information with market context.
Completed in 2026, this 4,035-square-foot commercial shell offers a flexible starting point for interior planning and buildout. The building occupies .5 acres and features a brick exterior, black-framed storefront glazing, and large front windows. Two rear grade-level overhead doors measure 12'H by 14'W, providing practical access for loading and maneuvering. The property also includes 14 parking spaces.
Located on Wallace Lake Road in south Shreveport, the site is immediately south of Bert Kouns Industrial Loop and north of Flournoy Lucas Road. C-1 zoning supports the property's commercial designation, while the combination of finished exterior elements, parking, and rear access provides a defined base for office, warehouse, retail, or medical buildout.
Located on Wallace Lake Road in south Shreveport, the site is immediately south of Bert Kouns Industrial Loop and north of Flournoy Lucas Road. C-1 zoning supports the property's commercial designation, while the combination of finished exterior elements, parking, and rear access provides a defined base for office, warehouse, retail, or medical buildout.
Key Highlights
- 4,035‑square‑foot commercial building shell completed in 2026
- Two rear grade‑level overhead doors, each 12'H by 14'W
- Brick facade with black‑framed storefront glass door and large front windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,757
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$915,140
$915.1K
Cap Rate 7%
$653,671
$653.7K
Cap Rate 9%
$508,411
$508.4K
Market Conditions
NOI Build-Up for 4,035 SF
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.
Gross rent
$72.6K $18.00/SF
− Vacancy
−$11.6K −$2.88/SF
EGI
$61.0K $15.12/SF
− OpEx
−$15.3K −$3.78/SF
NOI
$45.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$915,140
Cap Rate 7%
$653,671
Cap Rate 9%
$508,411
Alternative Uses
Best Use
Office B
$653.7K
$572.0K – $762.6K
NOI $45,757 @ 7.0% cap · market cap 7.04%
Second Best
Warehouse
$411.0K
$359.6K – $479.5K
NOI $28,769 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$851.6K
$745.2K – $993.6K
NOI $59,615 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 71106, LA
34,906
Population
15,415
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
33.2 sq mi
ZIP Area
1,051
Density / Sq Mi
$77,724
Median Household Income
$48,949
Median Earnings
$890
Median Rent
$310,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Louisiana Seafood Food Services Group — 136 Tooke Dr, Shreveport, LA 71106
Frequently Asked Questions
What type of property is this?
Flex space - Newly constructed shell with storefront glazing, rear overhead access, and C-1 zoning.
Where is this flex space located?
The property is located at 9305 Wallace Lake Road Shreveport, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,035‑square‑foot commercial building shell completed in 2026; Two rear grade‑level overhead doors, each 12'H by 14'W; Brick facade with black‑framed storefront glass door and large front windows
