Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    234 Topeka St Shreveport, LA 71101

    Property Lookup

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

    234 Topeka St Shreveport, LA 71101

    View on Map
    • Residential income homes
    Off-Market
    Property ID
    US36-0753809
    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

    • Residential income homes

    Property Details for 234 Topeka St

    Property type
    Residential income homes

    Description

    This Shreveport, Louisiana duplex located at 234 Topeka St, 71101, presents a compelling investment opportunity. Priced at $110,000, this two-unit property offers a $55,000 per-unit price point. Currently, both units are occupied, boasting a strong history of low vacancy rates and long-term tenants within this larger portfolio. Significant capital expenditures have been made in recent years, including new roofs on several properties within the portfolio. While part of a larger 100-unit portfolio (initially listing 23 units), this duplex is available for sale individually. Note that a majority of the portfolio properties, including this one, are subject to a 1031 exchange, requiring flexibility in closing timelines. Buyers should be prepared to provide a Letter of Intent (LOI) and proof of funds or pre-approval for financing to schedule a viewing. One unit currently generates $1275 in monthly rent. This duplex represents a solid addition to any investment portfolio seeking stable cash flow and appreciation potential in the Shreveport market. The property is situated in Caddo Parish and is part of a larger portfolio sale, offering potential for bulk purchase negotiations. Three units within the larger portfolio are noted as being in less-than-ideal condition, however, even these units are currently occupied.

    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 Parish
    State
    Louisiana
    Longitude
    -93.7343755
    Latitude
    32.4938092

    Comparable in this City

    • $165,000
      0.15 Acres

      Shreveport Duplex: Investor Opportunity

      Turnkey duplex in Shreveport, LA, ideal for rental portfolio expansion.
      409 Egan St, Shreveport, LA 71101
      View Details
    • $78,900
      0.13 Acres

      Shreveport Duplex For Sale

      Performing duplex in Shreveport, providing cash flow.
      532 Egan St, Shreveport, LA 71101
      View Details
    • $99,900
      0.12 Acres

      Highland Duplex in Shreveport

      Duplex in Shreveport's Highland neighborhood, a potential money maker.
      1516 Highland Ave, Shreveport, LA 71101
      View Details
    • $800,000
      0.20 Acres

      Historic Shreveport Apartment Building

      Restored 20-unit apartment building in Shreveport, LA for sale.
      622 Euclid St, Shreveport, LA 71101
      View Details
    • $49,500
      1,272 SF

      Two Bedroom Duplex For Sale

      Duplex with separate utilities, tenant-paid. Vacant unit available.
      210 East Olive St, Shreveport, LA 71101
      View Details
    • $825,000
      0.28 Acres

      Historic Creswell Hotel in Shreveport

      Historic 61-room hotel with approved plans for residential and commercial spaces.
      727 Milam St, Shreveport, LA 71101
      View Details

    Similar Nearby for Sale

    • $165,000
      0.15 Acres

      Shreveport Duplex: Investor Opportunity

      Turnkey duplex in Shreveport, LA, ideal for rental portfolio expansion.
      409 Egan St, Shreveport, LA 71101
      View Details
    • $78,900
      0.13 Acres

      Shreveport Duplex For Sale

      Performing duplex in Shreveport, providing cash flow.
      532 Egan St, Shreveport, LA 71101
      View Details
    • $99,900
      0.12 Acres

      Highland Duplex in Shreveport

      Duplex in Shreveport's Highland neighborhood, a potential money maker.
      1516 Highland Ave, Shreveport, LA 71101
      View Details
    • $800,000
      0.20 Acres

      Historic Shreveport Apartment Building

      Restored 20-unit apartment building in Shreveport, LA for sale.
      622 Euclid St, Shreveport, LA 71101
      View Details
    • $49,500
      1,272 SF

      Two Bedroom Duplex For Sale

      Duplex with separate utilities, tenant-paid. Vacant unit available.
      210 East Olive St, Shreveport, LA 71101
      View Details
    • $825,000
      0.28 Acres

      Historic Creswell Hotel in Shreveport

      Historic 61-room hotel with approved plans for residential and commercial spaces.
      727 Milam St, Shreveport, LA 71101
      View Details

    Similar Nearby for Lease

    • $4,298 /Mo
      87,120 SF

      Office Space in Shreveport, LA

      Office space available for rent in Shreveport, Louisiana.
      625 Texas St, Shreveport, LA 71101
      View Details
    • $7,478 /Mo
      87,120 SF

      Retail Space in Shreveport, LA

      Retail property available for lease in Shreveport, Louisiana.
      712 Milam St, Shreveport, LA 71101
      View Details
    • Contact for pricing

      624 Travis Street, Shreveport, LA 71101

      Office properties & Spaces
      624 Travis St, Shreveport, LA 71101
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Shreveport, Louisiana.
      1513 Line Ave, Shreveport, LA 71101
      View Details
    • Contact for pricing
      4,000 SF

      Renovated Retail Space in Shreveport

      4,000 SF retail space with build-out options and high visibility.
      509 Market St, Shreveport, LA 71101
      View Details
    • Contact for pricing

      Boutique Office Building in CBD

      Professional office building in Shreveport's Central Business District.
      415 Texas St, Shreveport, LA 71101
      View Details
    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.
    234 Topeka St
    Shreveport, LA 71101
    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!