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    3003 Knight St Shreveport, LA 71105

    For Sale
    $1,450,000

    High-yield office building, 41,392 SF

    Property size:
    41,392 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a well-maintained, two-story creative office building situated on a 2.25-acre lot in Shreveport, Louisiana. The property, located at 3003 Knight St, boasts 41,392 square feet of total space, with 35,957 square feet of net rentable area. Currently operating at 60% occupancy, this multi-tenant building offers a strong stabilized investment profile with a 7.75% cap rate and a net operating income (NOI) of $112,425. The asking price is $1,450,000, translating to a price per square foot of $35.03. Built in 1982, the Class C building is zoned C-3 and features a large parking lot, providing ample space for tenants and visitors. Its convenient location offers easy access to Bossier City and major parkways, enhancing its appeal to a wide range of businesses. The gross lease structure simplifies management, while the substantial lot size presents potential for future expansion or redevelopment. This is a prime opportunity to acquire a well-positioned, income-producing asset in a growing market. The property features one building and is currently operating under a multi-tenant lease structure.

    Property Features for 3003 Knight St

    General Information

    Property type
    Office space
    Square Feet
    41,392 SF
    Class
    C
    Lot Size
    98,010 SF

    Building Details

    Year Built
    1982
    Buildings
    1
    Stories
    2

    HighLights

    • Well‑maintained building with ample parking.
    • Excellent location offering convenient access to Bossier City and major parkways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marquita Boutte' Social Worker Thomas Awagu: Primerica ... Financial Consultant Gallagher Insurance, Risk ... Insurance Agency Neal's Accounting & Tax Tax Preparation Service Ragan Haynie Counselor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -93.7052046
    Latitude
    32.4824999

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    FAQs

    What type of property is this?
    Office space - High-yield office building, 41,392 SF
    Where is this office space located?
    The property is located at 3003 Knight St Shreveport, LA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Well-maintained building with ample parking.; Excellent location offering convenient access to Bossier City and major parkways.;
    Request Owner's contact information
    3003 Knight St Shreveport, LA 71105
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    Shreveport, LA 71105
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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
    3003 Knight St Shreveport, LA 71105
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