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

    1417 Fairfield Ave Shreveport, LA 71101

    • Commercial real estate
    • 2,547 SF
    For Sale
    View listing
    $225,000
    Last Sale
    Jul 18, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0633459
    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

    • Commercial real estate

    Property Details for 1417 Fairfield Ave

    Property size
    2,547 SF
    Property type
    Commercial real estate
    APN
    171401-007-0140-00
    APU
    171401007014000

    Description

    This exceptional retail opportunity presents a former convenience store located at 1417 Fairfield Ave, Shreveport, Louisiana, 71101. Priced at $225,000, this property boasts a highly desirable corner location just one block from Ochsner LSU St. Mary's Hospital, ensuring consistent high traffic volume. Its strategic placement offers unparalleled visibility and accessibility. The property's proximity to major thoroughfares further enhances its appeal. Specifically, it's situated only one block from I-20 and two blocks from the Shreveport Police Department, providing easy access for both customers and employees. This presents a unique chance for an entrepreneur to establish a thriving independent convenience store or explore other retail ventures. The building's previous use as a convenience store provides a solid foundation for a quick and efficient transition. The property's location within Caddo Parish, Louisiana, offers a strong market for retail businesses. This is a rare opportunity to acquire a well-positioned retail space in a high-demand area of Shreveport. The asking price reflects the significant potential for return on investment. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $151,000
      Market price range: $35.1k - $152k
      AI Estimate
      $271,000
      Market price range: $53.4k - $271k

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.7522
    Latitude
    32.4984
    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
    $3,811
    $5,363
    $18,548
    $23,911
    -
    $53,625
    $123,650
    $177,275

    Comparable in this City

    • Value Estimation by Request

      209 Texas St

      COMMERCIAL (GENERAL)
      209 Texas St, Shreveport, LA 71101-3233
      View Details
    • Value Estimation by Request

      Jordan St

      COMMERCIAL (GENERAL)
      Jordan St, Shreveport, LA 71101
      View Details
    • Value Estimation
      $270,000
      2,034 SF

      1707 Gdn St

      COMMERCIAL (GENERAL) • 2,034 SF
      1707 Gdn St, Shreveport, LA 71101-2331
      View Details
    • Value Estimation
      $290,000
      2,132 SF

      1718 Centenary Blvd

      COMMERCIAL (GENERAL) • 2,132 SF
      1718 Centenary Blvd, Shreveport, LA 71101-5025
      View Details
    • Value Estimation
      $245,000
      821 SF

      450 Clyde Fant Pkwy

      COMMERCIAL (GENERAL) • 821 SF
      450 Clyde Fant Pkwy, Shreveport, LA 71101-3237
      View Details
    • Value Estimation
      $240,000
      3,903 SF

      2020 Market St

      COMMERCIAL (GENERAL) • 3,903 SF
      2020 Market St, Shreveport, LA 71101-4008
      View Details

    Similar Nearby for Sale

    • $4,000,000
      117,723 SF

      Shreveport Mixed-Use Investment

      117,723 SF, 117 Units, High Potential
      1513 Line Ave, Shreveport, LA 71101
      View Details
    • $249,000
      9.88 Acres

      Downtown Shreveport Land Opportunity

      9.88 Acres, Prime Commercial Location
      0 Market St, Shreveport, LA 71101
      View Details
    • $500,000
      17,000 SF

      Downtown Shreveport Office Building

      Historic Office Building, Redevelopment Potential
      700 Cotton St, Shreveport, LA 71101
      View Details
    • $2,400,000
      26 SF

      Downtown Shreveport Office Building For Sale

      26,045 SF office building with USPS tenant and parking.
      331 Milam St, Shreveport, LA 71101
      View Details
    • $90,000
      0.14 Acres

      Downtown Shreveport Development Opportunity

      Unimproved land near Bayou Grande Apartments and future State Office Building.
      719 Caddo St, Shreveport, LA 71101
      View Details
    • Contact for pricing
      0.17 Acres

      Land Available in Highland

      Unimproved land available in Shreveport's Highland neighborhood.
      1815 Cook St, Shreveport, LA 71101
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      5,000 SF

      Downtown Shreveport Event Space

      Historic 5,000 SF Event Venue, 1.1 Acres
      400 Crockett St, Shreveport, LA 71101
      View Details
    • $15 SF/Yr
      219,100 SF

      Beaird Tower Office Suites

      Shreveport CBD Executive Office Space
      330 Marshall St, Shreveport, LA 71101
      View Details
    • $2,345 /Mo
      18,861 SF

      Renovated Storefront Retail/Office Space

      Historically renovated retail or office space with private parking.
      411 Lake St, Shreveport, LA 71101
      View Details
    • $12 SF/Yr
      1 SF

      American Tower: Downtown Shreveport

      Class A Office Space, Downtown Shreveport
      401 Market St, Shreveport, LA 71101
      View Details
    • $7 SF/Yr
      17,000 SF

      Historic Shreveport Office Building

      17,000 SF Office Space Available
      700 Cotton St, Shreveport, LA 71101
      View Details
    • $13 SF/Yr
      344,524 SF

      Louisiana Tower Office Space

      Downtown Shreveport Class A Office
      401 Edwards St, Shreveport, LA 71101
      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.
    1417 Fairfield Ave
    Shreveport, LA 71101
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.