Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6388 70Th St Shreveport, LA 71129
    Back to Search
    Property profile & analytics

    6388 70Th St Shreveport, LA 71129

    View on Map
    • Land
    • 8.58 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6388 70Th St

    Lot size
    8.58 lot acres
    Property type
    Land

    Description

    This exceptional 8.58-acre commercial land parcel in Shreveport, Louisiana, presents a remarkable investment opportunity. Located at 6388 W 70th St, this property boasts a highly desirable C-3 (Commercial) zoning, allowing for a diverse range of commercial uses, including office, retail, healthcare, and potentially residential development. The land is situated on a corner lot, ensuring excellent visibility and accessibility to passing traffic. Its generally level and well-drained terrain, mostly covered in pine and hardwood timber, provides a solid foundation for construction. The property benefits from convenient access to Shreveport/Bossier City, surrounding areas, and East Texas. Furthermore, it's served by robust city utilities including 16" and 12" water mains, 6" and 10" sanitary sewer mains, AEP-SWEPCO electricity, and Center Point Energy natural gas. The asking price is $374,000, translating to $43,590 per acre. This strategically located land parcel is within an Opportunity Zone, offering potential tax advantages. The APN is 171523007001600. This is an ideal site for developers seeking a prime location with excellent infrastructure and zoning flexibility. Don't miss this chance to acquire a valuable asset in a thriving market.

    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
    -93.8737
    Latitude
    32.4423

    Comparable in this City

    • Value Estimation by Request

      Buncombe Rd

      Land
      0 Buncombe Rd, Shreveport, LA 71129
      View Details
    • Value Estimation by Request
      1.00 Acre

      70th St. And Buncombe Rd

      Land • 1.00 Acre
      70th St. And Buncombe Rd, Shreveport, LA 71129
      View Details
    • Value Estimation by Request
      1.00 Acre

      70th St. And Buncombe Rd

      Land • 1.00 Acre
      70th St. And Buncombe Rd, Shreveport, LA 71129
      View Details
    • Value Estimation by Request
      1.00 Acre

      1 To 80

      Land • 1.00 Acre
      1 To 80, Shreveport, LA 71129
      View Details
    • Value Estimation by Request
      6.32 Acres

      70Th St

      Land • 275,430 SF
      0 70Th St, Shreveport, LA 71129
      View Details
    • Value Estimation by Request
      6.33 Acres

      Pines Rd

      Land • 6.33 Acres
      0 Pines Rd, Shreveport, LA 71129
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for purchase.
      6915 W 70Th St, Shreveport, LA 71129
      View Details
    • New
      $34,900
      2.39 Acres

      Land For Sale Shreveport

      2.39 acre land parcel available in Shreveport, Louisiana.
      00 Beavers Nest Dr, Shreveport, LA 71129
      View Details
    • Contact for pricing

      Land For Sale

      0.57 acre land available.
      Mcferren Subdivision, Shreveport, LA 71129
      View Details
    • New
      $270,000
      3.01 Acres

      Undeveloped Land in Shreveport, LA

      3.12 acres of unimproved land available for sale.
      W 70Th St, Shreveport, LA 71129
      View Details
    • $65,000
      0.57 Acres

      Shreveport Land For Sale

      0.57 acre of unimproved land in Shreveport, Louisiana.
      Industrial Rd, Shreveport, LA 71129
      View Details
    • Contact for pricing

      Land For Sale

      20.01 acres of land available for purchase.
      Pines Rd, Shreveport, LA 71129
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Shreveport, Louisiana.
      6950 Westport Ave, Shreveport, LA 71129
      View Details
    • Contact for pricing
      7,010 SF

      Versatile Industrial Property Near I-20

      7,010 SF industrial space with office, warehouse, and storage.
      6508 W 70Th St, Shreveport, LA 71129
      View Details
    • Contact for pricing

      Remodeled Office Building with Parking

      Remodeled office building with secure access and ample parking.
      6005 Financial Plaza Cir, Shreveport, LA 71129
      View Details
    • Contact for pricing

      Retail Center Near Walmart

      Retail spaces available in Shreveport near major retailers and hotels.
      6205 Westport Ave, Shreveport, LA 71129
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 1,660 to 2,674 SqFt.
      6205 Westport Ave, Shreveport, LA 71129
      View Details
    • $5,500 /Mo
      260,924 SF

      Shreveport Industrial Property with Acreage

      Versatile industrial space with office, warehouse, and secure storage.
      6508 W 70Th St, Shreveport, LA 71129
      View Details
    Request Owner's contact information
    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.
    6388 70Th St
    Shreveport, LA 71129
    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
    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

    Thank You for Inquiry
    6388 70Th St, Shreveport, LA, 71129
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!