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    1207 Airport Dr Shreveport, LA 71107-7023
    Property profile & analytics

    1207 Airport Dr Shreveport, LA 71107-7023

    View on Map
    • Industrial properties
    • 26,554 SF
    • 2.44 lot acres
    Off-Market
    Last Sale Jun 25, 2021
    Property ID
    US36-1243107
    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
    $2,230,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SEALCRAFT by Contour Windows / Hardware & Home Improvement / Interior Design

    Property Details for 1207 Airport Dr

    Year built
    1962
    Lot size
    2.44 lot acres
    Property size
    26,554 SF
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    122638
    APU
    122638

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,770,000
      6.5%
      $2,560,000
      7%
      $2,375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,570,000
      Market price range: $806k - $2.57M
      AI Estimate
      $1,561,000
      Market price range: $342k - $1.56M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,660,000
      Current use
      RETAIL STORES
      $3,635,000
      Change: +119% Conversion: Moderate
      MEDICAL BUILDING
      $3,310,000
      Change: +99% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,720,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Bossier
    State
    Louisiana
    Longitude
    -93.7528
    Latitude
    32.5311
    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
    $11,340
    $11,677
    $72,925
    $84,602
    -
    $116,770
    $486,168
    $602,938

    Comparable in this City

    • Value Estimation by Request
      5,440 SF

      Shreveport, LA 71107

      INDUSTRIAL LOFT BUILDING • 5,440 SF
      Shreveport, LA 71107
      View Details
    • Value Estimation by Request
      2,400 SF

      1195 Hawn Ave

      INDUSTRIAL LOFT BUILDING • 2,400 SF
      1195 Hawn Ave, Shreveport, LA 71107-6609
      View Details
    • Value Estimation by Request
      2,000 SF

      1051 Hawn Ave

      INDUSTRIAL LOFT BUILDING • 2,000 SF
      1051 Hawn Ave, Shreveport, LA 71107-7036
      View Details
    • Value Estimation by Request
      3,138 SF

      Shreveport, LA 71107

      INDUSTRIAL LOFT BUILDING • 3,138 SF
      Shreveport, LA 71107
      View Details
    • Value Estimation
      $5,075,000
      70,296 SF

      213 Kansas City Ave

      INDUSTRIAL LOFT BUILDING • 70,296 SF
      213 Kansas City Ave, Shreveport, LA 71107-6640
      View Details
    • Value Estimation
      $7,345,000
      101,677 SF

      209 Kansas City Ave

      INDUSTRIAL LOFT BUILDING • 101,677 SF
      209 Kansas City Ave, Shreveport, LA 71107-6621
      View Details

    Similar Nearby for Sale

    • New
      $1,000,000
      37,576 SF

      Shreveport Industrial Property with Cranes

      Industrial property with cranes and quick access to major highways.
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    • $595,000
      1.40 Acres

      Shreveport Warehouse with Loading Docks

      Centrally located warehouse with loading docks and office space.
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    • $650,000
      20,618 SF

      Industrial Warehouse with Heavy-Duty Infrastructure

      20,618 SF industrial warehouse with office space and heavy-duty features.
      250 Montgomery St, Shreveport, LA 71107
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    • Contact for pricing

      Industrial Warehouse with Heavy-Duty Infrastructure

      20,618 SF industrial warehouse with recent upgrades and heavy zoning.
      250 Montgomery St, Shreveport, LA 71107
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    • $149,900
      0.48 Acres

      Shreveport Commercial Property For Sale

      Commercial property suitable for gas station, convenience store, or storage.
      1266 Grimmett Dr, Shreveport, LA 71107
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    • $700,000
      31.45 Acres

      31 Acres Land in Shreveport

      31.452 acres of land with homesite near Soda Lake.
      00 Highway 71, Shreveport, LA 71107
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Shreveport, Louisiana.
      1520 N Hearne Ave, Shreveport, LA 71107
      View Details
    • $950 /Mo
      108,900 SF

      Shreveport Warehouse and Office Space

      Climate-controlled warehouse and office units available for lease.
      4356 Roy Road Ext, Shreveport, LA 71107
      View Details
    • $6,500 /Mo
      10,000 SF

      New Warehouse with Yard Available

      10,000 SF warehouse with three acres available for lease.
      4356 Roy Road Ext, Shreveport, LA 71107
      View Details
    • Contact for pricing
      10,300 SF

      Industrial Distribution Space Available

      Industrial space with dock doors and highway access for lease.
      213 Kansas City Ave, Shreveport, LA 71107
      View Details
    • Contact for pricing

      North Market Commercial Spaces Available

      Two commercial spaces available for lease on North Market.
      4859 N Market St, Shreveport, LA 71107
      View Details
    • Contact for pricing

      Shreveport Retail Space Available

      Retail spaces available, ranging from 1,600 to 8,450 SqFt.
      3000 N Market St, Shreveport, LA 71107
      View Details
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    Shreveport, LA 71107-7023
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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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