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    3920 Greenwood Rd Shreveport, LA 71109

    • Commercial real estate
    • 1,155 SF
    • 0.60 lot acres
    For Sale
    View listing
    $95,000
    Value Estimation
    Location Intelligence
    Property ID
    US36-0257927
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Spudzz Wangzz N More / Restaurant

    Property Details for 3920 Greenwood Rd

    Construction
    METAL FRAME
    Lot size
    0.60 lot acres
    Property size
    1,155 SF
    Property type
    Commercial real estate
    APN
    171409-000-0063-00
    APU
    171409000006300

    Description

    This 1,100 square foot retail property, located at 3920 Greenwood Road in Shreveport, Louisiana (Caddo Parish, zip code 71109), is offered for sale at $95,000. Previously a Sonic Drive-In, this single-tenant building sits on a 0.6-acre lot (APN 171409000006300) and is ideally suited for a quick-service restaurant or retail autosales office. The property offers significant flexibility for various retail uses or redevelopment. Recent substantial upgrades include a new roof, new HVAC system, and a relatively new vent hood (though currently covered, the fire suppression system is intact and "green tagged" by Fire Tech). The interior has been completely gutted, providing a blank canvas for a new owner to create a small dining area or open retail showroom. Restrooms have been updated with new fixtures, and portions of the parking area feature a new asphalt overlay. This presents a unique opportunity to acquire a well-located property with significant recent capital improvements at a price of $86.36 per square foot.

    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
    -93.8074
    Latitude
    32.4716
    CBSA code
    43340
    CBSA name
    SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $566
    $1,000
    $2,550
    $3,550
    -
    $10,000
    $17,000
    $27,000

    Comparable in this City

    • Value Estimation by Request
      10 SF

      4430 Greenwood Rd

      COMMERCIAL (GENERAL) • 10 SF
      4430 Greenwood Rd, Shreveport, LA 71109-5612
      View Details
    • Value Estimation by Request
      2,300 SF

      4123 Greenwood Rd

      COMMERCIAL (GENERAL) • 2,300 SF
      4123 Greenwood Rd, Shreveport, LA 71109-6412
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    • Value Estimation by Request
      3,189 SF

      2818 Greenwood Rd

      COMMERCIAL (GENERAL) • 3,189 SF
      2818 Greenwood Rd, Shreveport, LA 71109-4637
      View Details
    • Value Estimation by Request
      1,440 SF

      4315 Lakeshore Dr

      COMMERCIAL (GENERAL) • 1,440 SF
      4315 Lakeshore Dr, Shreveport, LA 71109-3103
      View Details
    • Value Estimation by Request
      589 SF

      2734 Lakeshore Dr

      COMMERCIAL (GENERAL) • 589 SF
      2734 Lakeshore Dr, Shreveport, LA 71109-2312
      View Details
    • Value Estimation by Request
      6,411 SF

      3958 Lakeshore Dr

      COMMERCIAL (GENERAL) • 6,411 SF
      3958 Lakeshore Dr, Shreveport, LA 71109-1943
      View Details

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    3920 Greenwood Rd
    Shreveport, LA 71109
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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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