525 Milam St Shreveport, LA 71101
- Commercial real estate
- 84,000 SF
Current Use by Public Records
- Nor Am Energy Co / Electric Utility Company
- Police / Police Department
- Symmetry Energy / Energy Supplier
- Aer-Arkansas Gas Transit Co / Gas Company
Property Details for 525 Milam St
- Property size
- 84,000 SF
- Property type
- Commercial real estate
- APN
- 181437-129-0010-00
- APU
- 181437129001000
Description
This 14-story, Class B office building at 525 Milam Street in Shreveport, Louisiana, offers multiple tenancy options in a prime Central Business District location. Built in 1950, the 244,779 square foot building is zoned B-4 and situated within a National Register Historic District. Units range from a minimum of 1,380 square feet to a maximum contiguous space of 19,005 square feet, providing flexibility for various business needs. The building enjoys a highly convenient location, directly across from the Caddo Parish Courthouse and within walking distance of the Shreveport Convention Center, Riverfront Entertainment District, and numerous retail establishments in the West End CBD. Its strategic position offers easy access to local, state, and federal courthouses, as well as the City and Parish Administrative Building. Currently, the building houses regional offices for several prominent energy companies, reflecting its prestigious address and strong tenant base. This exceptional property presents a unique opportunity for businesses seeking a prominent and well-connected location in the heart of Shreveport's thriving downtown area. The building's rich history and modern amenities combine to create a sophisticated and functional workspace.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $795,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $900,000
- 6.5%
- $980,000
- 7%
- $945,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,050,000
- Geo Method
- $1,165,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $915,000
- Retail
- $830,000
- Mixed-Use
- $880,000
- Hospitality
- $890,000
- Educational
- $1,000,000
- Residential Income
- $1,080,000
- Energy
- $1,055,000
- Income-Based Land
- $945,000
- Food Service
- $845,000
Location Insight
- Map
- Local Demand
- City
- Shreveport
- County
- Caddo
- State
- Louisiana
- Longitude
- -93.7493
- Latitude
- 32.5113
- CBSA code
- 43340
- CBSA name
- SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA