Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Special Purpose Commercial Property Title is generated by Realmo AI

    5240 N Market, Shreveport, LA 71107

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial property for sale, suitable for special purpose use.

    Type:Special Purpose, Industrial
    Added:
    Jul 23, 2024
    Days on Market:
    684
    Last Refresh:
    May 12 at 9:18 pm

    Property Features for 5240 N Market

    General Information

    Standard status
    Active
    Property subtype
    Special Purpose, Industrial

    We can help!

    Listing Contact
    Doug Abington

    Listing agent Doug Abington License #0912124275

    Listing office CENTURY 21 Elite

    Listing date Jul 23, 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 CENTURY 21 Elite

    HighLights

    • SpecialPurpose

    Overview

    This commercial property, categorized as a specialty property, is available for sale. The property is located on N Market in Shreveport, LA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.8252983
    Latitude
    32.5939848

    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
    • $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
    • $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
    • $239,900

      Remodeled Corner Office and Retail

      Fully remodeled suite with private offices, reception, and conference space on a high-visibility corner lot.
      9099 Mansfield Road, Shreveport, LA 71118
      View Details
    • $225,000

      Multi-Use Retail Storefront

      Own two separate business spaces under one roof, with recently updated HVAC, equipment, and additional rear parking.
      2958 Dr Martin Luther King, Shreveport, LA 71107
      View Details
    • $111,000

      Freestanding Office Property

      Freestanding office and storage with very tall ceilings and two lots, including parking, with potential conversion to a residence.
      616 and 612 Jordan Street, Shreveport, LA 71101
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property for sale, suitable for special purpose use.
    Where is this specialty property located?
    The property is located at 5240 N Market Shreveport, LA.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: SpecialPurpose
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Doug Abington
    Real Estate License ID: 0912124275
    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
    5240 N Market, Shreveport, LA 71107
    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!