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    106 Herndon St Shreveport, LA 71101
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    106 Herndon St, Shreveport, LA 71101

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    • Residential income homes
    Off-Market
    Property ID
    US36-0544225
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 106 Herndon St

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a four-unit, Class C multifamily portfolio located at 106 E Herndon St, Shreveport, LA 71101, within Caddo Parish. Priced at $190,368 ($47,592 per unit), this stabilized portfolio offers a compelling return on investment. The property is part of a larger, approximately 100-unit portfolio, with this offering comprising four units currently generating $1,250 in monthly rent. This sale is structured to accommodate 1031 exchange transactions, requiring flexibility in closing timelines. While most units within the larger portfolio are in good condition and occupied by long-term tenants, three units (not included in this offering) are currently occupied despite needing repairs. Significant capital expenditures have been invested in recent years, including new roofs on several properties within the larger portfolio. To schedule a viewing, a fully executed Letter of Intent (LOI) and proof of funds or pre-approval for financing are required. This offering presents a rare chance to acquire a piece of a well-maintained, high-occupancy rental portfolio in a desirable Shreveport location. The seller is motivated and open to negotiations, particularly for larger property packages within the broader portfolio. This is a turnkey investment opportunity with strong potential for immediate cash flow and long-term appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.7307162
    Latitude
    32.4965389

    Comparable in this City

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      Duplex Investment Property

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      Renovated Tenant-Occupied Triplex

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    Similar Nearby for Sale

    • Contact for pricing
      27,866 SF

      Historic Creswell Hotel Shell Condition

      Historic 61-room hotel in downtown Shreveport with approved plans.
      727 Milam St, Shreveport, LA 71101
      View Details
    • $285,000
      Pending

      Apartment Income Property with Central HVAC

      Apartment income with tenants paying utilities and every unit equipped with central heat and air.
      304 Herndon St, Shreveport, LA 71101
      View Details
    • $75,000
      0.13 Acres

      Performing Duplex Investment

      A cash-flowing duplex opportunity in Shreveport, offering investors a straightforward residential income asset.
      532 Egan St, Shreveport, LA 71101
      View Details
    • $49,500
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      Two Bedroom Duplex For Sale

      Duplex with separate utilities, tenant-paid. Vacant unit available.
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    • $99,900
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      Duplex Investment Property

      Two-unit duplex with one renovated unit, tenant occupancy, and strong income potential for investors.
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    • $230,000
      Pending

      Renovated Tenant-Occupied Triplex

      Renovated triplex with three tenant-occupied units and major system upgrades for a turnkey residential income investment.
      421 Wyandotte St, Shreveport, LA 71101
      View Details

    Similar Nearby for Lease

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      Prestigious Office Building For Lease

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    106 Herndon St
    Shreveport, LA 71101
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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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    106 Herndon St, Shreveport, LA, 71101
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