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    3709 Jewella Rd Shreveport, LA 71109
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    3709 Jewella Rd, Shreveport, LA 71109

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    • Neighborhood centers
    • 112,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 3709 Jewella Rd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Westwood Shopping Center, located at 3709 Jewella Road in Shreveport, Louisiana, offers prime retail space for lease. This single-story, 112,000 square foot strip center sits on a 9.06-acre lot and is zoned C-3. The property features a mix of retail uses and offers multiple tenancy options. Currently, there are 13,270 square feet of vacant space available, divisible into units ranging from a minimum of 1,615 square feet to a maximum contiguous space of 4,945 square feet. The center is ideally situated in Caddo Parish County, with easy access from Jewella Road and excellent visibility for businesses. This established shopping center presents a unique opportunity for retailers seeking high-traffic locations in a thriving Shreveport community. The property's convenient location and ample space make it an attractive option for a variety of businesses. Interested parties should inquire about available unit sizes and lease terms. The property's address is 3709 Jewella Road, Shreveport, LA 71109.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.796
    Latitude
    32.478

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      6.10 Acres

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      7,378 SF

      3610 Jewella Ave

      Office Units
      3610 Jewella Ave, Shreveport, LA 71109
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      10 SF

      4430 Greenwood Rd

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      4123 Greenwood Rd

      COMMERCIAL (GENERAL)
      4123 Greenwood Rd, Shreveport, LA 71109-6412
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      3,189 SF

      2818 Greenwood Rd

      COMMERCIAL (GENERAL)
      2818 Greenwood Rd, Shreveport, LA 71109-4637
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      1,440 SF

      4315 Lakeshore Dr

      COMMERCIAL (GENERAL)
      4315 Lakeshore Dr, Shreveport, LA 71109-3103
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    Similar Nearby for Sale

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      Interstate Corner Former Gas Station

      Former C-Store and gas station on an interstate hard corner.
      4025 Jewella Ave, Shreveport, LA 71109
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    • $85,000
      0.36 Acres

      Retail Lot with Two Ready Buildings

      Two operable buildings offer flexible food and lounge concepts on a convenient commercial lot near major destinations.
      2818 Greenwood Rd, Shreveport, LA 71109
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      Pending

      Commercial Building on Greenwood Road

      7500 sq ft commercial building with retail space.
      3712 Greenwood Rd, Shreveport, LA 71109
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      Freestanding Flex Building with Storage

      Freestanding building combining professional office space with secure outdoor storage and staging for airport-area operations.
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      2,752 SF

      Commercial Lot with Two Buildings

      Commercial lot with two buildings ready for immediate use.
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    • $2,200,000
      2.98 Acres

      Lakeshore Drive Retail Center

      Shreveport Strip Center - High-Traffic Location
      3707 Lakeshore Dr, Shreveport, LA 71109
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    Similar Nearby for Lease

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      Retail Space on Greenwood Road

      Retail space available for lease on Greenwood Road.
      3707 Greenwood Rd, Shreveport, LA 71109
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      2,000 SF

      Retail Space in Shreveport, LA

      Retail space suitable for a hair salon in Shreveport.
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      Retail Space on Jewella Avenue

      Retail space for lease with high visibility and ample parking.
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      Retail Space For Lease

      Retail space available for lease in Shreveport, Louisiana.
      3709 Jewella Rd, Shreveport, LA 71109
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    • Contact for pricing

      Retail Space in Shreveport Center

      Retail space available in a busy Shreveport strip center.
      3709-3707 Lakeshore Dr, Shreveport, LA 71109
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    • $4,000 /Mo
      33,541 SF

      High-Visibility Commercial Land Site

      Lease a 0.77-acre parcel on a high-traffic corridor with visibility and easy access for a range of commercial uses.
      3444 Greenwood Rd, Shreveport, LA 71109
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    3709 Jewella Rd
    Shreveport, LA 71109
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    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
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