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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Industrial properties
1323 Cyn Ct Bossier City, LA 71111-2841
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US36-0958919
Property summary
AI-generated overview
This exceptional commercial property, located at 1323 Canyon Court in Bossier City, Louisiana, presents a unique investment opportunity. Priced at $565,000, this special purpose property offers 0 units and sits on a sizable lot in the 71111 zip code. The property's address is precisely 1323 Canyon Court, Bossier City, Bossier Parish, Louisiana. Its geographic coordinates are 32.5407177 latitude and -93.6842326 longitude, providing easy access to location-based services and mapping tools. The property is classified as "Commercial, Other," indicating its versatility and potential for a wide range of commercial uses. Given its "Special Purpose" designation, prospective buyers are encouraged to conduct their own due diligence to determine the most suitable development or operational strategy. The absence of existing units suggests a blank canvas for creative commercial development, allowing for customization to meet specific business needs. This property is an ideal choice for entrepreneurs and investors seeking a strategic location in a thriving Louisiana market. Serious inquiries are welcome to explore the possibilities this unique offering presents. The asking price reflects the property's potential and strategic location within Bossier City.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2007
Total area
4,118 SF
Lot
0.56 ac (24,576 SF)
APN
137484
UPID
US36-0958919
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Meadowview Softball Fields Gym & Fitness Center
-
Tri-City Charter Travel Agency Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$370k
Comparable Approach
Comparable
$381k
Blend (final)
Blend
$565k
Owner & transaction history
Jason Willhite · 2 yrs held
Jason Willhite
since 2024
Last sale
$565,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$630,000
+124.6%
Retail stores
$510,000
+81.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bossier City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bossier City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$565,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$370,000
7%
$345,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$630,000
Change: +125% · Conversion: Difficult
RETAIL STORES
$510,000
Change: +81% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $565k (Mar 8 2024)
Last sale anchor
$565k
Mar 8 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$137 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,908
Tax year 2023
Assessed value
$29,986
Assessed 2023
Previous assessed
$29,986
+0.0% YoY
Effective rate
13.03%
On assessed value
Assessed land
$8,191
Assessed improvement
$21,795
Land market value
$81,910
Improvement market value
$145,299
Total market value
$227,209
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Total area
4,118 SF
Lot
0.56 ac (24,576 SF)
APN
137484
UPID
US36-0958919
Jurisdiction
BOSSIER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$630,000
RETAIL STORES
Est. value
$510,000
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Lot
0.56 ac
Current owner
From public records · entity-resolved
Jason Willhite
Individual
Mailing address
3801 KAREN LN, BOSSIER CITY, LA 71112-2613
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2024
$565,000
Jason Willhite
Jep Properties LLC
Cash Sale Deed
$500,000 · Cross Keys Bank
Jul 17, 2009
—
Jep Properties LLC
Coaches,cajun
Grant Deed
$271,278 · Regions Bank
Dec 4, 2006
$350,000
James E Pitstick
Smith,buddy B & Barbara B
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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