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    The Largest CRE Database in the US with Over 1 Million Listings

    204 Milam St Shreveport, LA 71101

    Sponsored
    For Sale
    $250,000

    Prime Red River District Office, $250,000

    Property size:
    3,292 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    423
    This exceptional two-story office building, located at 204 Milam Street in Shreveport, Louisiana, presents a unique investment opportunity. Boasting 3,292 square feet, the property is situated in the vibrant Red River District, offering immediate proximity to a variety of restaurants, bars, and retail establishments. The building features five completed office suites, a welcoming reception area, and a convenient breakroom, all ready for immediate occupancy. Upstairs, two additional office suites provide potential for expansion, renovation, or use as storage space. Ample parking is available at the rear of the building. The property sits on a 0.07-acre lot and is zoned D-1-E, designating it for use within the Downtown Entertainment District. This zoning allows for a diverse range of commercial uses, enhancing its investment potential. The building's solid construction and desirable location make it an ideal investment for both owner-occupants and investors seeking a strong return. The asking price for this turnkey property is $250,000. This represents a compelling opportunity to acquire a well-located, established office building in a thriving urban core. The property's existing infrastructure and convenient amenities make it an attractive option for a variety of businesses. Don't miss this chance to own a piece of Shreveport's vibrant downtown scene.

    Property Features for 204 Milam St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,292 SF
    Lot Size
    3,049 SF

    Building Details

    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Archer Frierson
    Archer Frierson

    Learn more

    Property Insight Report

    HighLights

    • 3,292 sq. ft. two‑story office building.
    • Located in Shreveport, LA's Red River District, near restaurants, bars, and retail.
    • Five finished office suites, reception area, and breakroom.
    • Two additional upstairs suites, ready for renovation or storage.
    • Rear parking available.
    • Zoned D‑1‑E (Downtown Entertainment District).
    Property Profile Location Intelligence

    Current Use by Public Records

    Van Hook Law ... Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.7462737
    Latitude
    32.514117

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Red River District Office, $250,000
    Where is this office property / space located?
    The property is located at 204 Milam St Shreveport, LA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 3,292 sq. ft. two-story office building.; Located in Shreveport, LA's Red River District, near restaurants, bars, and retail.; Five finished office suites, reception area, and breakroom.
    (318) 222-2244
    Request Owner's contact information
    204 Milam St Shreveport, LA 71101
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    Shreveport, LA 71101
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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.

    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
    204 Milam St Shreveport, LA 71101
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    We can help!
    Listing Contact
    Archer Frierson
    Archer Frierson
    Real Estate License ID: SALE.0000040317-ACT
    (318) 222-2244
    Learn more
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