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 Market55
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
Listed By:
Andrew Cordaro · License #995686324
(214) 500-0359
Source:
Cbcworldwide
Added: Aug 13
Changed: Oct 1
Last Checked: Oct 5 at 3:00PM
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 / Yr
$45,757
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
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
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 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
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Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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
