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    Wallace Lake Rd Shreveport, LA 71106

    Sponsored
    For Sale
    $1,073,754

    Prime Shreveport commercial land, ideal for diverse uses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.15-acre commercial property presents a remarkable investment opportunity in Shreveport, Louisiana. Located at the northwest corner of Flournoy Lucas Road and Wallace Lake Road, this strategically positioned parcel boasts significant frontage: 581 feet on Flournoy Lucas Road and 439 feet on Wallace Lake Road. The land is generally level at street grade, simplifying development. The property's zoning is R-E, offering flexibility for a wide range of commercial ventures, including hospitality, industrial, mobile home park, multi-family, office, retail, retail-pad, self-storage, or other permitted uses. The asking price is $1,073,754, translating to a land value of $208,495 per acre. The property's Assessed Parcel Number (APN) is 161307000003100. Situated in Caddo Parish, Shreveport, LA, zip code 71106, this location offers excellent visibility and accessibility. This is a rare opportunity to acquire a sizable, well-located commercial land parcel with significant development potential. The property's size and prime location make it an attractive investment for both short-term and long-term growth. Serious inquiries are encouraged.

    Property Features for 0 Wallace Lake Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    224,334 SF

    HighLights

    • 5.15‑acre parcel at the NW corner of Flournoy Lucas Rd and Wallace Lake Rd.
    • 581' of frontage on Flournoy Lucas Rd and 439' on Wallace Lake Rd.
    • Level site.
    • R‑e zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.7384864
    Latitude
    32.3661276

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    FAQs

    What type of property is this?
    Individual retail property - Prime Shreveport commercial land, ideal for diverse uses.
    Where is this individual retail property located?
    The property is located at Wallace Lake Rd Shreveport, LA.
    What is the asking price?
    The asking price for this property is $1,073,754.
    What are key features of this property?
    This property features: 5.15-acre parcel at the NW corner of Flournoy Lucas Rd and Wallace Lake Rd.; 581' of frontage on Flournoy Lucas Rd and 439' on Wallace Lake Rd.; Level site.
    (318) 222-2244
    Request Owner's contact information
    Wallace Lake Rd Shreveport, LA 71106
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    Shreveport, LA 71106
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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
    Wallace Lake Rd Shreveport, LA 71106
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