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    1520 N Hearne Ave Shreveport, LA 71107
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    1520 N Hearne Ave Shreveport, LA 71107

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    • Mixed-use properties
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    Commercial Space for Lease For Lease
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    Commercial Space for Lease

    Commercial space available for lease in Shreveport, Louisiana.

    1520 N Hearne Ave, Shreveport, LA 71107
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    Property ID
    US36-0386543
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jonathan Newton: Allstate Insurance / Insurance Agency
    • Dress for Success Shreveport-Bossier / Charitable Organization / Social Service Agency
    • Carrier Building Systems & Services / Hardware & Home Improvement / HVAC Service
    • 180 Medical / Medical Supply Store
    • Zimmer Inc / Medical Supply Store

    Property Details for 1520 N Hearne Ave

    Property type
    Mixed-use properties
    Property subtype
    Retail properties & Spaces

    Description

    For Lease

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.769421
    Latitude
    32.538094

    Comparable in this City

    • Contact for pricing

      Office Property For Lease

      Office property available for lease.
      1324 N Hearne 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
    • $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
    • 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
    • Contact for pricing
      9,180 SF

      Retail Space on Martin Luther King

      9,180 SF retail space for lease in Shreveport, LA.
      2620 Dr Martin Luther King Dr, 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

    Similar Nearby for Sale

    • $299,900
      9,225 SF

      Shreveport Office Building - Great Location

      Spacious Office Building, Ample Parking, Ideal Location
      1427 Russell Rd, Shreveport, LA 71107
      View Details
    • $350,000
      12.25 Acres

      Brookshire's Grocery Outparcel

      Shreveport Retail Land Investment
      3000 Market St, Shreveport, LA 71107
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    • $89,000
      1,869 SF

      Shreveport Office with Road Frontage

      Office space with road frontage, less than 2 miles from downtown.
      1130 N Market St, Shreveport, LA 71107
      View Details
    • $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
      View Details
    • 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
    • Contact for pricing
      1,869 SF

      Office and Retail Space Available

      Office and retail space with road frontage near downtown Shreveport.
      1130 N Market St, Shreveport, LA 71107
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Property For Lease

      Office property available for lease.
      1324 N Hearne 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
    • $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
    • $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
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Shreveport, LA.
      1650 N Market St, Shreveport, LA 71107
      View Details
    • $19 SF/Yr
      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
    View Listing
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    Shreveport, LA 71107
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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.

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