Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Petco & Boot Barn Investment Title is generated by Realmo AI

    6596 Youree Dr, Shreveport, LA 71105

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two-tenant property in Bayou Walk Shopping Center, Shreveport, LA.

    Type:Retail
    Property size:
    29,000 SF
    Price / SF:
    $206/SF
    Added:
    Aug 21, 2024
    Days on Market:
    652
    Last Refresh:
    May 12 at 11:35 pm

    Property Features for 6596 Youree Dr

    General Information

    Standard status
    Active
    Size
    29,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1997

    We can help!

    Listing Contact
    Dan Hoogesteger

    Listing agent Dan Hoogesteger License #CA 01376759

    Listing office Sands Investment Group Los Angeles

    Listing date Aug 21, 2024

    Source Crexi

    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 Sands Investment Group Los Angeles

    HighLights

    • Two‑tenant property featuring Petco and Boot Barn; both recently exercised options early, demonstrating location confidence.
    • Located within the highly desirable Bayou Walk Shopping Center at Youree Drive & E 70th Street in Shreveport, LA.
    • Strong destination location with adjacent retailers including Kroger, Barnes & Noble, Old Navy, and JoAnn Fabric.
    • Stable investment with attractive rental growth due to strong rental increases at each option period.
    • Offered at an 8.00% Cap Rate.
    • Low existing lease rates provide a rare opportunity to acquire a high‑yielding investment at a low cost per square foot.

    Overview

    The property features two tenants, Petco and Boot Barn, and is located within the Bayou Walk Shopping Center at the intersection of Youree Drive and E 70th Street in Shreveport, LA. The shopping center includes retailers such as Kroger, Barnes & Noble, Old Navy, and JoAnn Fabric. Both Boot Barn and Petco recently exercised their options early. Each tenant has 5.5 years remaining on their lease, with rental increases at each option period. The property size is 29000 square feet.
    Location Intelligence

    Current Use by Public Records

    fi.d.o (Bike/Boat/Book/etc) Store Petco Dog Training Animal Training Petco Grooming Pet Grooming Service Petco Vaccination Clinic Veterinary Clinic Petco (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.72023
    Latitude
    32.445117

    Nearby Similar for Sale

    • $695,000
      11,810 SF

      Multi-Building Retail and Office Property

      Two connected buildings with open layouts, ample parking, and gated access provide flexible space in a high-visibility corridor.
      2430 Line Avenue, Shreveport, LA 71104
      View Details
    • $650,000

      Industrial Warehouse with Heavy-Duty Infrastructure

      20,618 SF industrial warehouse with office space and heavy-duty features.
      250 Montgomery Street, Shreveport, LA 71107
      View Details
    • $279,900
      4,200 SF

      Renovated Flex Office with Shop Space

      Fully renovated office and heated shop/warehouse space with bay door ramp access, fenced yard, and move-in-ready electrical.
      1717 Edwards Street, Shreveport, LA 71101
      View Details
    • $539,900

      Turnkey Auto Collision Facility

      Fully equipped collision shop with heated work bays and office comfort, positioned for strong visibility on a major commercial corridor.
      9830 Mansfield Road, Shreveport, LA 71118
      View Details
    • $1,000,000
      37,576 SF

      Shreveport Industrial Property with Cranes

      Industrial property with cranes and quick access to major highways.
      717 Grimmett Drive, Shreveport, LA 71107
      View Details
    • $450,000

      Spacious Shreveport Property with Sanctuary

      Versatile Shreveport property featuring a large sanctuary and classrooms.
      5823 Ledbetter Street, Shreveport, LA 71108
      View Details
    • $625,000

      Secluded Office Building with Ample Parking

      Well-suited for professional office use with ample parking and convenient access near major regional routes.
      3312 N Market Street, Shreveport, LA 71107
      View Details
    • $575,000

      Medical Office with Secure Parking

      Move-in ready veterinary and medical office with multiple exam and private rooms plus gated rear parking for secure client access.
      2900 Youree Drive, Shreveport, LA 71104
      View Details
    • $578,000

      Office/Warehouse Building with Overhead Doors

      Large office/warehouse with two overhead rollup doors and fenced yard for flexible industrial operations near major routes.
      147 E Stoner Avenue, Shreveport, LA 71101
      View Details
    • $249,900

      Corner Lot Medical Office Building

      Versatile medical office setup with ample parking, multiple exam rooms, and recently updated HVAC for flexible tenant use.
      7840 Jewella Avenue, Shreveport, LA 71108
      View Details
    • $275,000

      Office Building with Redevelopment Land

      Single-tenant office building with clear-span layout and ample acreage for flexible conversion under C-4 zoning.
      8808 Mcgoldrick Drive, Shreveport, LA 71129
      View Details
    • $149,900

      Convenience Store and Gas Station

      Approved for convenience store or gas station use, with working pumps and tanks, and additional storage facility zoning.
      1266 Grimmett Drive, Shreveport, LA 71107
      View Details

    FAQs

    What type of property is this?
    Retail space - Two-tenant property in Bayou Walk Shopping Center, Shreveport, LA.
    Where is this retail space located?
    The property is located at 6596 Youree Dr Shreveport, LA.
    What is the asking price?
    The asking price for this property is $5,980,000.
    What are key features of this property?
    This property features: Two‑tenant property featuring Petco and Boot Barn; both recently exercised options early, demonstrating location confidence.; Located within the highly desirable Bayou Walk Shopping Center at Youree Drive & E 70th Street in Shreveport, LA.; Strong destination location with adjacent retailers including Kroger, Barnes & Noble, Old Navy, and JoAnn Fabric.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dan Hoogesteger
    Real Estate License ID: CA 01376759
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6596 Youree Dr, Shreveport, LA 71105
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!