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    @ Flournoy Lucas Ellerbe Rd Shreveport, LA 71106

    • Retail properties
    • 16.40 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for @ Flournoy Lucas Ellerbe Rd

    Lot size
    16.40 lot acres
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional 16.4-acre property, located at the southwest quadrant of Ellerbe Road and Flournoy Lucas Road (LA 523) in Shreveport, Louisiana, presents a significant investment opportunity. Zoned R-E & R-1-7, this land offers versatile development potential for a variety of uses, including agricultural, industrial, hospitality, mobile home park, self-storage, multi-family, office, and retail. The property's expansive size and strategic location make it ideal for large-scale projects. The asking price is $2,000,275, translating to a compelling price per acre of $121,967. The Caddo County parcel, APN 161308000004300, offers significant potential for developers seeking a substantial land holding in a rapidly growing area. This is a rare opportunity to acquire a large tract of land with diverse development possibilities in a desirable Shreveport location. The property's address is Ellerbe Rd. @ Flournoy Lucas, Shreveport, LA 71106. Its coordinates are latitude 32.3946377 and longitude -93.725377.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.7254
    Latitude
    32.3946

    Comparable in this City

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      2.54 Acres

      Flournoy Lucas Rd

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    • Value Estimation by Request
      2.12 Acres

      St. Vincent Mccarey St

      Self storage facilities • 2.12 Acres
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    • Value Estimation by Request
      60,984 SF

      7029 Line Ave

      Retail properties • 60,984 SF
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    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $22 SF/Yr
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      Office Space in Shreveport, LA

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    • $300 /Mo
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      Office Space in Shreveport, LA

      Office property available for lease in Shreveport, Louisiana.
      214 W 70Th St, 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
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