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    Property profile & analytics

    5035 Flournoy Lucas Rd Shreveport, LA 71129

    • Business parks
    • 6,500 SF
    • 0.61 lot acres
    For Sale
    View listing
    $611,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0269369
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pugh Lubricants / Warehouse

    Property Details for 5035 Flournoy Lucas Rd

    Year built
    1985
    Lot size
    0.61 lot acres
    Property size
    6,500 SF
    Property type
    Business parks
    Property subtype
    Distribution centers
    APN
    161406045000100

    Description

    This 6,500-square-foot industrial warehouse, situated on a 0.61-acre lot in Shreveport, Louisiana, presents a compelling investment opportunity. Built in 1985, the single-story building features two loading docks with two dock-high doors, providing efficient access for loading and unloading. The warehouse boasts a clear-span design, with a front section measuring 40' x 75' and 16' at the eaves, and a rear section of 50' x 50' with 22' eaves. Approximately 1,000 square feet is dedicated to office space and restrooms. Ample parking is available with space for 20 vehicles. The property is zoned I-1 and benefits from excellent access to the B. Kouns Industrial Loop. The asking price is $611,000, translating to $94 per square foot. Sale terms include cash to seller, build-to-suit, and other options. The property's address is 5035 Flournoy Lucas Rd, Shreveport, LA 71129, with APN 161406045000100. This well-maintained warehouse is ideal for owner-users or investors seeking a strategic location within a thriving industrial area.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.8483932
    Latitude
    32.40812

    Comparable in this City

    • $450,000
      5,000 SF

      Shreveport Office/Warehouse Investment

      Prime West Shreveport location, 5,000 sq ft, 9% cap rate.
      6821 70Th St, Shreveport, LA 71129
      View Details
    • $1,450,000
      30,000 SF

      Prime Shreveport Industrial Flex Space

      30,000 SF Flex/Warehouse, $1.45M
      5110 Bert Kouns Industrial Loop, Shreveport, LA 71129
      View Details
    • $1,000,000
      6.32 Acres

      Shreveport Industrial Land - $1M

      Large industrial lot, excellent access, high traffic.
      0 70Th St, Shreveport, LA 71129
      View Details
    • Contact for pricing
      1.00 Acre

      Wilsonville Industrial Yard - 25 Acres

      Prime Industrial Land: Secure, Flat, 25 Acres
      70th St. And Buncombe Rd, Shreveport, LA 71129
      View Details
    • Contact for pricing
      112.59 Acres

      West Shreveport Industrial Land

      112 Acres, I-2 Zoning, Prime Location
      0 70 @ Dinkins Dr, Shreveport, LA 71129
      View Details
    • Contact for pricing
      5.00 Acres

      West Shreveport Land - 22 Acres

      Prime Agricultural & Industrial Land
      0 Winderweedle Rd Near Flournoy Lucas Rd, Shreveport, LA 71129
      View Details

    Similar Nearby for Sale

    • $450,000
      5,000 SF

      Shreveport Office/Warehouse Investment

      Prime West Shreveport location, 5,000 sq ft, 9% cap rate.
      6821 70Th St, Shreveport, LA 71129
      View Details
    • $1,450,000
      30,000 SF

      Prime Shreveport Industrial Flex Space

      30,000 SF Flex/Warehouse, $1.45M
      5110 Bert Kouns Industrial Loop, Shreveport, LA 71129
      View Details
    • Contact for pricing
      1.00 Acre

      Wilsonville Industrial Yard - 25 Acres

      Prime Industrial Land: Secure, Flat, 25 Acres
      70th St. And Buncombe Rd, Shreveport, LA 71129
      View Details
    • $1,000,000
      6.32 Acres

      Shreveport Industrial Land - $1M

      Large industrial lot, excellent access, high traffic.
      0 70Th St, Shreveport, LA 71129
      View Details
    • Contact for pricing
      112.59 Acres

      West Shreveport Industrial Land

      112 Acres, I-2 Zoning, Prime Location
      0 70 @ Dinkins Dr, Shreveport, LA 71129
      View Details
    • Contact for pricing
      5.00 Acres

      West Shreveport Land - 22 Acres

      Prime Agricultural & Industrial Land
      0 Winderweedle Rd Near Flournoy Lucas Rd, Shreveport, LA 71129
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      6,400 SF

      Shreveport Warehouse: 6,400 SF

      Spacious Shreveport warehouse, ideal for lease.
      6950 Westport Ave, Shreveport, LA 71129
      View Details
    • $5,500 /Mo
      260,924 SF

      Shreveport Industrial Property with Acreage

      Versatile industrial space with office, warehouse, and secure storage.
      6508 W 70Th St, Shreveport, LA 71129
      View Details
    • $17 SF/Yr
      22,791 SF

      Shreveport Plaza Retail Space

      Prime Shreveport retail space, multiple units available.
      6205 Westport Ave, Shreveport, LA 71129
      View Details
    • $13 SF/Yr
      22,800 SF

      Financial Plaza Office Space

      Shreveport, LA office building, 16,000 SF available
      6005 Financial Plaza Cir, Shreveport, LA 71129
      View Details
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    Shreveport, LA 71129
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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