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Property profile

161 Freestate Blvd Shreveport, LA 71107

Commercial real estate
Property ID
US36-0523151
View Sample
2,511 SF Built 2012
Entity Owned 22-yr Hold Free & Clear

Property summary

AI-generated overview

This vacant 2,390 square foot quick-service restaurant building presents a compelling redevelopment opportunity in Shreveport, Louisiana. Located on a 0.6-acre lot at 161 Freestate Blvd, this property boasts convenient access from North Market Street (State Highway 1), a major thoroughfare with daily traffic counts ranging from 24,000 to 33,000 vehicles. Its proximity to the approximately 3 million square foot Amazon Robotic Fulfillment Center, slated to open in August 2024, offers significant potential for increased customer traffic and revenue. Built in 2013, the building features a single drive-through window and a compact dining area, making it ideal for conversion into a streamlined drive-through or take-out concept. The existing fixtures, furniture, and equipment (FF&E) are largely intact, allowing for a relatively quick turnaround time of approximately 60 days from purchase to operation. This property offers a lower capital investment compared to larger or older QSR properties currently on the market, representing a cost-effective entry point for new operators seeking a prime location in a high-traffic area. The Caddo Parish location, with its address in the 71107 zip code, provides easy access to a growing customer base. This owner/user investment opportunity is priced at $1,250,000, translating to $523.01 per square foot.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2012
Construction ADOBE
Total area 2,511 SF
APN 181423-046-0012-00
UPID US36-0523151

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2004
2 recorded transactions
2004
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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