Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1255 Hearne Ave Shreveport, LA 71107-6615
    Back to Search
    Property profile & analytics

    1255 Hearne Ave, Shreveport, LA 71107-6615

    View on Map
    • Industrial properties
    • 41,850 SF
    • 1.34 lot acres
    Off-Market
    Property ID
    US36-1266453
    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
    $2,090,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Halco Production Machining Inc / Industrial Manufacturer

    Property Details for 1255 Hearne Ave

    Year built
    1978
    Lot size
    1.34 lot acres
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    122605
    APU
    122605

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 9, 2018 — Halco Production Machining INC — Grant Deed · related $500k · Citizens Nat'l Bk NA
    Jan 31, 2018 $720,000 Josh D Halbert JR. Grayson Foundation INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,501,000
      Market price range: $1.27M - $4.05M
      AI Estimate
      $1,365,000
      Market price range: $539k - $2.46M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,615,000
      Current use
      COMMERCIAL (GENERAL)
      $2,715,000
      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
    -93.7629
    Latitude
    32.5382
    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
    $8,369
    $8,890
    $53,545
    $62,435
    -
    $88,900
    $356,965
    $445,865

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      1100 Hawn Ave

      INDUSTRIAL LOFT BUILDING
      1100 Hawn Ave, Shreveport, LA 71107-6610
      View Details
    • Value Estimation
      $765,000
      15,880 SF

      1140 Burt St

      INDUSTRIAL LOFT BUILDING
      1140 Burt St, Shreveport, LA 71107-6608
      View Details
    • Value Estimation by Request
      8,235 SF

      1320 Airport Dr

      INDUSTRIAL LOFT BUILDING
      1320 Airport Dr, Shreveport, LA 71107-5502
      View Details
    • Value Estimation by Request
      2,256 SF

      1580 Airport Dr

      INDUSTRIAL LOFT BUILDING
      1580 Airport Dr, Shreveport, LA 71107-7217
      View Details
    • Value Estimation by Request
      5,400 SF

      Shreveport, LA 71107

      INDUSTRIAL LOFT BUILDING
      Shreveport, LA 71107
      View Details
    • Value Estimation by Request
      3,528 SF

      Shreveport, LA 71107

      INDUSTRIAL LOFT BUILDING
      Shreveport, LA 71107
      View Details

    Similar Nearby for Sale

    • 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
      View Details
    • $936,000
      3,972 SF

      Shreveport Commercial Land Investment

      High-traffic location, development potential.
      5325 Market St, Shreveport, LA 71107
      View Details
    • Contact for pricing

      Commercial Land Near I-49

      Commercial land in growing North Shreveport near I-49.
      3300 North Market St, Shreveport, LA 71107
      View Details
    • Contact for pricing

      Industrial Land Near Amazon Facility

      One-acre industrial parcel for development or storage yard.
      Barton Dr, Shreveport, LA 71107
      View Details
    • $39,900
      0.50 Acres

      Land For Sale Shreveport, LA

      Unimproved land available in Shreveport, Louisiana.
      Roy Rod Ext, Shreveport, LA 71107
      View Details
    • $211,000
      2.05 Acres

      R-3 Development Land Tract

      Well-located R-3 parcel with residential or multifamily development potential near major Shreveport corridors.
      1840 Pine Hill Rd, Shreveport, LA 71107
      View Details

    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

      Climate-Controlled Flex Industrial Units

      Leasing includes climate-controlled warehouse and office space with a built-out office, bath, and roll-up access.
      4356 Roy Road Ext, Shreveport, LA 71107
      View Details
    • $10,000 /Mo
      156,380 SF

      Industrial Manufacturing Facility

      Industrial facility with multiple equipment doors, reinforced floors, and overhead cranes for heavy manufacturing and warehouse operations.
      717 Grimmett Dr, Shreveport, LA 71107
      View Details
    • $6,500 /Mo
      10,000 SF

      New Warehouse with Yard

      New 10,000-square-foot warehouse offers multiple roll-up doors, strong lighting, and yard space for flexible operations.
      4356 Roy Road Ext, Blanchard, LA 71107
      View Details
    • Contact for pricing

      Office Property For Lease

      Office property available for lease.
      1324 N Hearne Ave, Shreveport, LA 71107
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space Available For Rent

      Retail space available for lease, totaling 1,800 square feet.
      5908-5910 N Market St, Shreveport, LA 71107
      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.
    1255 Hearne Ave
    Shreveport, LA 71107-6615
    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

    Thank You for Inquiry
    1255 Hearne Ave, Shreveport, LA, 71107
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!