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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
2122 Airline Dr Bossier City, LA 71111-3268
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US36-1288003
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
3,915 SF
Lot
0.32 ac (13,840 SF)
APN
166014
UPID
US36-1288003
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
-
Keith Crnkovic Physician
-
Denise Rae Gerrity Joplin Physician
-
Keith Calvin Crnkovic Physician
-
Function First Physical Therapy Medical Clinic
-
Bayou Title, Inc. Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$520k
Owner & transaction history
Function 1st Rehabitation · 5 yrs held
Function 1st Rehabitation
since 2020
Last sale
$542,600
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$520,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$600,000
Current use
RETAIL STORES
$485,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $543k (Aug 13 2020)
Last sale anchor
$543k
Aug 13 2020
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
$133 / 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
$7,303
Tax year 2023
Assessed value
$56,033
Assessed 2023
Previous assessed
$56,033
+0.0% YoY
Effective rate
13.03%
On assessed value
Assessed land
$5,541
Assessed improvement
$50,492
Land market value
$55,410
Improvement market value
$336,614
Total market value
$392,024
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Total area
3,915 SF
Lot
0.32 ac (13,840 SF)
APN
166014
UPID
US36-1288003
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 Current
Est. value
$600,000
RETAIL STORES
Est. value
$485,000
MEDICAL BUILDING Current
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
2008
Heating
NONE
Lot
0.32 ac
Current owner
From public records · entity-resolved
Function 1st Rehabitation
Individual
Mailing address
7607 FERN AVE STE #704, SHREVEPORT, LA 71105-5744
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
—
Function First Rehabillit
—
Deed
related
$910,000 · Origin Bank
Aug 13, 2020
$542,600
Function 1st Rehabitation
Airline Office Plaza LLC
Deed
$471,585 · Origin Bank
Dec 21, 2018
—
Airline Office Plaza LLC
—
Deed
related
$456,981 · Origin Bank
Jun 7, 2007
$10,000
Airline Office Plaza LLC
Kitchens Props LLC
Grant Deed
related
—
May 17, 2007
—
Airline Office Plaza Subdv
Kitchens Props LLC
Grant Deed
related
—
—
—
Airline Office Plaza LLC
—
Deed Of Trust
related
$547,499 · Citizens National Bank
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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