6,500 SF Industrial
For Sale
$611,000
5035 Flournoy Lucas, Shreveport, LA 71129
Industrial building in excellent condition on over half acre.
Property Size6,500 SF
Lot Size0.50 Acres
Price / SF$94
Days on Market1149
Property Features for 5035 Flournoy Lucas
General Information
Standard status
Active
Size
6,500 SF
Total Parking Spaces
20
Lot size
0.50 Acres
Property subtype
Industrial
Zoning
I-1
Amenities
Water
Sewer
20 Parking Spaces
Building Details
Year Built
1985
Listing Agency:
Beth King Real Estate, LLC
Listed By:
Beth King · License #995706795
(318) 453-6066
Source:
Lacdb.resimplifi
Added: Aug 27, 2023
Changed: Oct 11
Last Checked: Oct 16 at 5:40AM
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
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Investment Insights
Based on property information with market context.
This 6,500 square foot industrial building is situated on over half an acre of land and is in excellent condition. The building features a clear span design. The front section of the warehouse measures 40 feet by 75 feet with an eave height of 16 feet. The rear warehouse section measures 50 feet by 50 feet with an eave height of 22 feet. The property includes two large overhead doors, as well as 1,000 square feet of office and restroom space. There is room for up to 20 parking spaces.
Key Highlights
- Large 6,500 SF clear span industrial building.
- Over half acre of land.
- Excellent condition.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,344
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,880
$926.9K
Cap Rate 7%
$662,057
$662.1K
Cap Rate 9%
$514,933
$514.9K
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$58.5K $9.00/SF
− Vacancy
−$4.0K −$0.61/SF
EGI
$54.5K $8.39/SF
− OpEx
−$8.2K −$1.26/SF
NOI
$46.3K $7.13/SF
Area
Shreveport, LA
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,880
Cap Rate 7%
$662,057
Cap Rate 9%
$514,933
Alternative Uses
Best Use
Warehouse
$662.1K
$579.3K – $772.4K
NOI $46,344 @ 7.0% cap · market cap 7.58%
Second Best
Industrial
$581.6K
$508.9K – $678.5K
NOI $40,710 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,034 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 71129, LA
13,198
Population
6,523
Households
2
Avg Household Size
38
Median Age
23%
College-Educated
91%
High-School Grad
42.7 sq mi
ZIP Area
309
Density / Sq Mi
$50,551
Median Household Income
$38,651
Median Earnings
$918
Median Rent
$182,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- New Castle Self Storage — 5109 W Bert Kouns Industrial Loop, Shreveport, LA 71129
- E-Z Storage — 5007 Flournoy Lucas Rd, Shreveport, LA 71129
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building in excellent condition on over half acre.
Where is this warehouse located?
The property is located at 5035 Flournoy Lucas Shreveport, LA.
What is the asking price?
The asking price for this property is $611,000.
What are key features of this property?
This property features: Large 6,500 SF clear span industrial building.; Over half acre of land.; Excellent condition.
