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    631 Milam St Shreveport, LA 71101

    Sponsored
    For Sale
    $2,350,000

    Historic buildings, high cap rate, parking included.

    Property size:
    49,242 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use investment opportunity in Shreveport's vibrant downtown offers two historic buildings totaling 49,242 square feet. The property, located at 619 & 631 Milam Street, features a Class A, multi-tenant creative office building with 50% occupancy and a gross lease type. Built in 1900 and renovated in 2021, the buildings boast updated interior finishes, multiple split system HVAC units, and a new roof. Exterior improvements completed in 2019 include brick mortar cleaning and repointing, stucco rework, and repainting. The property includes 51 parking spaces, a significant advantage in the downtown area. Currently operating as a leased investment, this property presents a stabilized investment with a 7.00% cap rate and an asking price of $2,350,000 ($47.72/sq ft). Situated in a walkable area near popular restaurants, theaters, and Rhino Coffee, the property is zoned CBD and qualifies for historic tax credits, property tax abatement, and cost segregation. The larger building at 631 Milam Street is 18,996 square feet, while the second building at 619 Milam Street offers 30,246 square feet, including basement storage and office space. This presents a unique opportunity for an owner-occupant seeking investment income or a developer looking to create live/work spaces. The property's location within the Federal Opportunity Zone adds further investment appeal.

    Property Features for 631 Milam St

    General Information

    Property type
    Office space
    Square Feet
    49,242 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1900/2021
    Buildings
    2
    Stories
    3

    HighLights

    • $2,350,000 asking price for a stabilized, leased Class A mixed‑use (creative office) investment property.
    • 49,242 square feet, with a price per square foot of $47.72 and a 7.00% cap rate.
    • 50% occupancy across two, three‑story buildings totaling 49,242 square feet, built in 1900 and renovated in 2021.
    • Located in Shreveport, LA's CBD, at 631 Milam St (APN: 181437177000100), with 51 parking spaces included.
    • Eligible for historic tax credits, property tax abatement, and cost segregation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Audrius M. Reed, ... Attorney COE Architecture International Architect Strategic Action Council Consultant Dentist Dentist

    Suggested Use

    Realty agency Dental Office Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.75082951
    Latitude
    32.51065956

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    FAQs

    What type of property is this?
    Office space - Historic buildings, high cap rate, parking included.
    Where is this office space located?
    The property is located at 631 Milam St Shreveport, LA.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: $2,350,000 asking price for a stabilized, leased Class A mixed-use (creative office) investment property.; 49,242 square feet, with a price per square foot of $47.72 and a 7.00% cap rate.; 50% occupancy across two, three-story buildings totaling 49,242 square feet, built in 1900 and renovated in 2021.
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    Realmo Value Estimation

    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.

    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
    631 Milam St Shreveport, LA 71101
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