Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11542 Norris Fry Rd Shreveport, LA 71106-9309

    • Hotels
    • 3,682 SF
    • 5.10 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0368835
    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

    • Hotels

    Property Details for 11542 Norris Fry Rd

    Year built
    1985
    Construction
    WOOD
    Lot size
    5.10 lot acres
    Property size
    3,682 SF
    Property type
    Hotels
    APN
    151304-000-0020-00
    APU
    151304000002000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.7122
    Latitude
    32.3239
    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
    $6,221
    $5,225
    $33,794
    $39,019
    -
    $52,250
    $226,218
    $278,468

    Comparable in this City

    • Value Estimation
      $1,215,000
      17,248 SF

      9744 Saint Vincent Ave

      HOTEL • 17,248 SF
      9744 Saint Vincent Ave, Shreveport, LA 71106-7129
      View Details
    • Value Estimation by Request
      3,070 SF

      7801 Fairfield Ave

      HOTEL • 3,070 SF
      7801 Fairfield Ave, Shreveport, LA 71106-5603
      View Details
    • Value Estimation by Request
      4,800 SF

      9250 Ellerbe Rd

      HOTEL • 4,800 SF
      9250 Ellerbe Rd, Shreveport, LA 71106-6711
      View Details
    • Value Estimation by Request
      3,150 SF

      1955 Woodberry Ave

      HOTEL • 3,150 SF
      1955 Woodberry Ave, Shreveport, LA 71106
      View Details
    • Value Estimation
      $3,160,000
      43,020 SF

      9420 Healthplex Dr

      HOTEL • 43,020 SF
      9420 Healthplex Dr, Shreveport, LA 71106-8146
      View Details
    • Value Estimation by Request
      2,218 SF

      9221 Ellerbe Rd

      HOTEL • 2,218 SF
      9221 Ellerbe Rd, Shreveport, LA 71106-6701
      View Details

    Similar Nearby for Sale

    • $1,073,754
      5.15 Acres

      Shreveport Commercial Land - 5.15 Acres

      Prime Shreveport commercial land, ideal for diverse uses.
      0 Wallace Lake Rd, Shreveport, LA 71106
      View Details
    • $250,000
      14.45 Acres

      Shreveport Industrial Land - 14 Acres

      Prime I-49 & Line Ave location; $250,000
      0 85Th St, Shreveport, LA 71106
      View Details
    • Contact for pricing
      88.00 Acres

      Shreveport Commercial Land - 88 Acres

      Prime 88-acre commercial tract in Shreveport, LA
      0 Southern Loop & Wallace Lk Rd, Shreveport, LA 71106
      View Details
    • $689,990
      1.06 Acres

      Shreveport Development Land

      Prime 1-acre site, high development potential.
      1077 Pierremont Rd, Shreveport, LA 71106
      View Details
    • $89,500
      1.27 Acres

      Residential Land in Planned Development

      1.27 acre lot in Shreveport's Red Oak Pointe subdivision.
      26 Riv Birch Cir, Shreveport, LA 71106
      View Details
    • $90,500
      1.00 Acre

      Planned Neighborhood Development Land

      1+ acre lots in a planned Shreveport neighborhood development.
      11 Blackjack Cir, Shreveport, LA 71106
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      93,414 SF

      Pierremont Mall Retail Space

      Shreveport retail space, multiple units available.
      4801 Line Ave, Shreveport, LA 71106
      View Details
    • $18 SF/Yr
      93,630 SF

      Pierremont Office Park: Building III

      Executive Suites, Prime Shreveport Location
      920 Pierremont Rd, Shreveport, LA 71106
      View Details
    • $675 /Mo
      17,729 SF

      Office Space in Shreveport, LA

      Office property available for lease in Shreveport, Louisiana.
      214 W 70Th St, Shreveport, LA 71106
      View Details
    • $275 SF/Yr
      17,729 SF

      Office Space in Shreveport, LA

      Office space available for rent in Shreveport, Louisiana.
      214 W 70Th St, Shreveport, LA 71106
      View Details
    • $20 SF/Yr
      3,182 SF

      Camp Forbing Office Suite 130

      Shreveport Office Space - Premier Location
      9460 Ellerbe Rd, Shreveport, LA 71106
      View Details
    • $375 /Mo
      17,729 SF

      Office Space in Shreveport, LA

      Office property available for lease in Shreveport, Louisiana.
      214 W 70Th St, Shreveport, LA 71106
      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.
    11542 Norris Fry Rd
    Shreveport, LA 71106-9309
    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

    Google sign-in failed. Please try again or use another login method.