Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Flournoy Lucas Rd Shreveport, LA 71106

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.54 Acres, Prime Location

    Property Features for 0 Flournoy Lucas Rd

    General Information

    Property type
    Farms
    Lot Size
    110,642 SF

    We can help!

    Listing Contact
    Jim Dowling
    Jim Dowling

    Listing Agency: Stirling Properties Baton Rouge Listing Agent: Jim Dowling

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 2.54-acre parcel of land presents a unique investment opportunity in the heart of Southeast Shreveport, Louisiana. Strategically located on the north side of the five-lane, concrete-paved Flournoy Lucas Road (LA 523), this property boasts excellent visibility to high traffic volumes. It enjoys a desirable location midway between Ellerbe Road and the Inner Loop Expressway (LA 3132), and adjoins the East Ridge Country Club golf course. Cleared of all trees and brush in September 2016, the land is generally level and situated within Shreveport city limits. The property features significant road frontage, approximately 831 feet along Flournoy Lucas Road, with a depth ranging from approximately 150 to 276 feet (subject to survey). Existing city infrastructure is readily available, with 12-inch city water and sanitary sewer mains running along Flournoy Lucas Road in front of the property, according to city records. Currently zoned R-A (Residential/Agricultural), the property holds significant potential for commercial development, subject to rezoning. The asking price is $885,000, with a land value of $8 per square foot. This prime location and readily available utilities make this an attractive proposition for a variety of development projects.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.7160556
    Latitude
    32.4002179

    Nearby Similar for Sale

    • $395,000
      2,752 SF

      Versatile Commercial Building on Bert Kouns

      Well-maintained commercial building suitable for medical, dental, or professional office.
      672 West Bert Kouns Industrial Loop, Shreveport, LA 71118
      View Details
    • New
      $800,000
      0.66 Acres

      Versatile Commercial Property in Shreveport

      Commercial property with high visibility, traffic, and flexible floor plan.
      3401 Greenwood Rd, Shreveport, LA 71109
      View Details
    • $305,000
      0.16 Acres

      Turn-Key Shreveport Commercial Building

      Multi-use commercial building in Shreveport's Highland and Stoner Hill area.
      678 Egan St, Shreveport, LA 71101
      View Details
    • $390,000
      0.16 Acres

      Established Retail Location in Shreveport

      Thriving retail location with high visibility and redevelopment potential.
      246 E 70Th St, Shreveport, LA 71106
      View Details
    • $695,000
      11,810 SF

      Shreveport Retail/Office Opportunity

      Expansive commercial property with high visibility and flexible space.
      2430 Line Ave, Shreveport, LA 71104
      View Details
    • $365,000
      0.21 Acres

      Updated Office Space in Shreveport

      Recently updated office space in Shreveport's medical hub for sale.
      850 Margaret Pl, Shreveport, LA 71101
      View Details
    • New
      $450,000
      0.07 Acres

      Retail Property in Shreveport, LA

      Retail property for sale in Shreveport, Louisiana.
      711 Texas St, Shreveport, LA 71101
      View Details
    • New
      $289,900
      1.11 Acres

      Retail Building on Greenwood Road

      Large retail building with remodeling and high-traffic location.
      3712 Greenwood Rd, Shreveport, LA 71109
      View Details
    • $79,000
      0.07 Acres

      Commercial Property Near Hospitals

      Versatile commercial property near hospitals with unlimited potential.
      935 Olive St, Shreveport, LA 71104
      View Details
    • $399,000
      1.00 Acre

      Car Wash Business Opportunity

      Car wash business for sale in Shreveport, Louisiana.
      1826 North Market St, Shreveport, LA 71107
      View Details
    • $130,000
      0.32 Acres

      Shreveport Retail Property For Sale

      Retail property in Shreveport, LA, with flexible business use potential.
      537 E 69Th St, Shreveport, LA 71106
      View Details
    • $900,000
      3.20 Acres

      Waterfront Land on Cross Lake

      3.2 acres of waterfront land with 1,100 feet of frontage.
      7780 S Lakeshore Dr, Shreveport, LA 71119
      View Details

    FAQs

    What type of property is this?
    Farm - 2.54 Acres, Prime Location
    Where is this farm located?
    The property is located at Flournoy Lucas Rd Shreveport, LA.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: Cleared and leveled 2.54-acre parcel.; Located within Shreveport city limits.; 831± feet of frontage on Flournoy Lucas Road (LA 523).
    (318) 681-1051 Call to check price and availability
    Request Owner's contact information
    Flournoy Lucas Rd Shreveport, LA 71106
    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.
    Flournoy Lucas Rd
    Shreveport, LA 71106
    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
    Flournoy Lucas Rd Shreveport, LA 71106
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jim Dowling
    Jim Dowling
    (318) 681-1051 (318) 347-2043
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!