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

    2323 Viking Dr Bossier City, LA 71111-2133

    • Industrial properties
    • 20,136 SF
    • 5.01 lot acres
    OFF-MARKET
    Value Estimations
    $1,685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-2496098
    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

    • Orr Nissan Parts / Auto Parts Store
    • Jason Bradford @ Orr Nissan Bossier City / Car Dealership
    • Orr Nissan of Bossier / Car Dealership
    • Orr Motors Bossier City Inc / Car Dealership
    • Orr Nissan Service Center / Auto Repair Shop

    Property Details for 2323 Viking Dr

    Year built
    2006
    Lot size
    5.01 lot acres
    Property size
    20,136 SF
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    163946
    APU
    163946

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,970,000
      6.5%
      $1,820,000
      7%
      $1,690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,982,000
      Market price range: $668k - $1.98M
      AI Estimate
      $1,248,000
      Market price range: $389k - $1.25M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,375,000
      Current use
      RETAIL STORES
      $2,490,000
      Change: +81% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bossier City
    County
    Bossier
    State
    Louisiana
    Longitude
    -93.725
    Latitude
    32.5562
    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
    $63,008
    $174,070
    $309,382
    $483,452
    -
    $1,740,700
    $2,062,549
    $3,803,249

    Comparable in this City

    • Value Estimation by Request
      2,910 SF

      4602 Macks Dr

      INDUSTRIAL LOFT BUILDING • 2,910 SF
      4602 Macks Dr, Bossier City, LA 71111-5326
      View Details
    • Value Estimation
      $865,000
      10,500 SF

      4510 Marlena St

      INDUSTRIAL LOFT BUILDING • 10,500 SF
      4510 Marlena St, Bossier City, LA 71111-7513
      View Details
    • Value Estimation by Request
      3,600 SF

      2310 Montgomery Ln

      INDUSTRIAL LOFT BUILDING • 3,600 SF
      2310 Montgomery Ln, Bossier City, LA 71111-3527
      View Details
    • Value Estimation by Request
      4,212 SF

      1015 Pearl Dr

      INDUSTRIAL LOFT BUILDING • 4,212 SF
      1015 Pearl Dr, Bossier City, LA 71111
      View Details
    • Value Estimation
      $680,000
      8,160 SF

      4908 Shed Rd

      INDUSTRIAL LOFT BUILDING • 8,160 SF
      4908 Shed Rd, Bossier City, LA 71111-5419
      View Details
    • Value Estimation by Request
      6,240 SF

      116 Texas St

      INDUSTRIAL LOFT BUILDING • 6,240 SF
      116 Texas St, Bossier City, LA 71111
      View Details

    Similar Nearby for Sale

    • $1,999,000
      2,200 SF

      Bossier City Industrial Property

      Prime Manufacturing Land, 2,200 SF
      5485 Airline Dr, Bossier City, LA 71111
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    • $645,600
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      East Texas Industrial Land Investment

      Highway 80 frontage, multi-use potential.
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    • Contact for pricing
      73.00 Acres

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      73 Acres Bossier City, LA. Prime Location.
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      12.00 Acres

      Bossier City Industrial Land Opportunity

      12 Acres, Hwy 80 Frontage, B-3 Zoning
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      Bossier City Industrial Land - $995K

      Prime Industrial Land Near BPCC
      0 Wind Hvn Dr, Bossier City, LA 71111
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    • $1,225,000
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    Similar Nearby for Lease

    • Contact for pricing
      30,117 SF

      Bossier City Office Space For Lease

      Prime Office & Retail Space Available
      5200 Texas St, Bossier City, LA 71111
      View Details
    • $9 SF/Yr
      26,316 SF

      Viking Drive Industrial Flex Space

      Two Flex Buildings, Ample Parking, I-2 Zoning
      4717 Viking Dr, Bossier City, LA 71111
      View Details
    • $10,500 /Mo

      Multiple Buildings in North Bossier

      Clean, well-maintained property with multiple buildings available for lease.
      2136 E Texas St, Bossier City, LA 71111
      View Details
    • $4,000 /Mo
      3,200 SF

      Bossier City Warehouse/Shop Space

      Centrally located warehouse/shop space with offices and parking.
      3815 E Texas St, Bossier City, LA 71111
      View Details
    • $5 SF/Yr
      50,540 SF

      Prime Bossier City Industrial Space

      50,540 SF Warehouse/Manufacturing
      4924 Hazel Jones Rd, Bossier City, LA 71111
      View Details
    • $3,000 /Mo
      2,400 SF

      Industrial Space For Rent

      Industrial property available for lease in Bossier City, Louisiana.
      3815 E Texas St, Bossier City, LA 71111
      View Details
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    Bossier City, LA 71111-2133
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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.

    More about this property
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