Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1981 Airline Dr Bossier City, LA 71112-2448

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1981 Airline Dr Bossier City, LA 71112-2448

    View on Map
    • Medical Office Space
    • 2,502 SF
    • 0.64 lot acres
    Off-Market
    Last Sale Nov 30, 2020
    $645,000
    Property ID
    US36-0895295
    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
    $570,000
    Show details
    Cap Rate Potential
    3.2%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • ANECA Federal Credit Union / Credit Union

    Property Details for 1981 Airline Dr

    Year built
    2022
    Lot size
    0.64 lot acres
    Property size
    2,502 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    137307
    APU
    137307

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $615,000
      ML approach
      $540,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $550,000
      Market price range: $199k - $550k
      AI Estimate
      $421,000
      Market price range: $96.9k - $422k

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

    Location Insight

    • Map
    • Local Demand
    City
    Bossier City
    County
    Bossier
    State
    Louisiana
    Longitude
    -93.7017
    Latitude
    32.5273
    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
    $14,635
    $16,204
    $96,084
    $112,288
    -
    $162,040
    $640,563
    $802,603

    Comparable in this City

    • Value Estimation by Request
      483 SF

      2400 Old Minden Rd Ste E4

      MEDICAL BUILDING • 483 SF
      2400 Old Minden Rd Ste E4, Bossier City, LA 71112-2351
      View Details
    • Value Estimation by Request
      966 SF

      2400 Old Minden Rd Ste W3

      MEDICAL BUILDING • 966 SF
      2400 Old Minden Rd Ste W3, Bossier City, LA 71112-2353
      View Details
    • Value Estimation by Request
      483 SF

      2400 Old Minden Rd Ste E3

      MEDICAL BUILDING • 483 SF
      2400 Old Minden Rd Ste E3, Bossier City, LA 71112-2351
      View Details
    • Value Estimation by Request
      483 SF

      2400 Old Minden Rd Ste W1

      MEDICAL BUILDING • 483 SF
      2400 Old Minden Rd Ste W1, Bossier City, LA 71112-2353
      View Details
    • Value Estimation by Request
      1,984 SF

      2500 Old Minden Rd

      MEDICAL BUILDING • 1,984 SF
      2500 Old Minden Rd, Bossier City, LA 71112-2310
      View Details
    • Value Estimation by Request
      483 SF

      2400 Old Minden Rd Ste W6

      MEDICAL BUILDING • 483 SF
      2400 Old Minden Rd Ste W6, Bossier City, LA 71112-2353
      View Details

    Similar Nearby for Sale

    • $364,999
      0.53 Acres

      Office Building Near BAFB

      Office building on 0.53 acres, located near BAFB.
      3110 Barksdale Blvd, Bossier City, LA 71112
      View Details
    • Contact for pricing
      684 SF

      Office Building Near BAFB

      Office building and land available for sale or lease.
      3110 Barksdale Blvd, Bossier City, LA 71112
      View Details
    • Contact for pricing
      2,178 SF

      Bossier City Commercial Space

      Commercial space for sale in Bossier City with high traffic.
      1445 Airline Dr, Bossier City, LA 71112
      View Details
    • $1,450,000
      5.18 Acres

      Commercial Land in Bossier City

      5.18 acres of commercial land zoned B-3 for sale.
      1 Barksdale Blvd, Bossier City, LA 71112
      View Details
    • Contact for pricing
      4,123 SF

      Restaurant Redevelopment Opportunity For Sale

      Second-generation restaurant with drive-thru in dense retail corridor.
      2115 Old Minden Rd, Bossier City, LA 71112
      View Details
    • Contact for pricing
      22,017 SF

      Retail Property in Bossier City

      Retail space available in Bossier City, Louisiana.
      200 John Wesley Blvd, Bossier City, LA 71112
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      2,740 SF

      Executive Suites, Bossier City LA

      Prime Office Space Available Now
      2223 Old Minden Rd, Bossier City, LA 71112
      View Details
    • Contact for pricing
      1,400 SF

      Office/Retail Space on Airline Drive

      1400 SF office/retail space in Bossier City, Louisiana.
      1300 Airline Dr, Bossier City, LA 71112
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Bossier City.
      4930 Barksdale Blvd, Bossier City, LA 71112
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Bossier City, Louisiana.
      2662 Barksdale Blvd, Bossier City, LA 71112
      View Details
    • Contact for pricing

      Retail Space Near Barksdale AFB

      32,265 SF retail space with high visibility available for lease.
      4100 Barksdale Blvd, Bossier City, LA 71112
      View Details

    Property Visit Statistics

    • Visits by month
      35.4k
    • Visitors by month
      19.8k
    • Avg Time on site
      12 min
    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.
    1981 Airline Dr
    Bossier City, LA 71112-2448
    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.
    Sign Up Successful!
    You now have access to more from Realmo!