Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2723 Standard Oil Rd Shreveport, LA 71108
    Property profile & analytics

    2723 Standard Oil Rd, Shreveport, LA 71108

    View on Map
    • Distribution centers
    • 15,000 SF
    • 0.35 lot acres
    Off-Market
    Property ID
    US36-1564232
    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

    • One Trip Dolly LLC / Metal Fabrication Plant / Factory
    • Standard Oil Rd Industrial Center / Business Service Center / Corporate Office
    • ChargedUp Window Tinting / Interior Design / Auto Repair Shop

    Property Details for 2723 Standard Oil Rd

    Year built
    24
    Lot size
    0.35 lot acres
    Property type
    Distribution centers
    APN
    171428-013-0020-00

    Description

    This exceptional 15,000-square-foot Class B warehouse in Shreveport, Louisiana, presents a compelling investment opportunity. Located at 2723 Standard Oil Rd, this single-story building sits on a 0.35-acre lot (APN: 171428-013-0020-00) and boasts 9 loading docks and a 23-foot ceiling height. Built in 1924 and extensively renovated in 2023, the property is currently 100% occupied by four tenants with short-term leases, offering immediate cash flow and future upside potential through market rent adjustments. The fenced and secured property includes a lay-down yard with expansion possibilities. The property's C-3 zoning permits a variety of industrial, logistics, distribution, and manufacturing uses. Its strategic location, less than five miles from I-20, I-49, the Inner Loop Expressway, and Shreveport Regional Airport, provides excellent accessibility. The asking price of $595,000 represents a compelling value, priced below comparable properties in the Shreveport market, offering a pro-forma NOI of $60,000 and a pro-forma cap rate of 10.08%. The low vacancy rate for flex industrial space in the area further underscores this property's strong investment potential, making it ideal for both investors seeking high returns and owner-users looking for a well-located asset below replacement cost. The current in-place rents are below market, providing a significant opportunity for increased profitability.

    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
    -93.799267
    Latitude
    32.4340425

    Comparable in this City

    • $600,000

      Multi-Tenant Industrial Building For Sale

      15,180 SF multi-tenant industrial building on 1.18 AC.
      2723 Standard Oil Rd, Shreveport, LA 71108
      View Details
    • Contact for pricing

      Shreveport Industrial Land Opportunity

      Prime Manufacturing Land, Caddo Parish, LA
      9160 Linwood Ave, Shreveport, LA 71108
      View Details
    • Contact for pricing

      Commercial Property Redevelopment Opportunity

      Commercial property for redevelopment or owner-user improvements in prime location.
      5330 Mansfield Rd, Shreveport, LA 71108
      View Details
    • Contact for pricing
      850 SF

      Office Property with Redevelopment Potential

      Commercial office property in a well-established area with traffic above 7,000 vehicles daily.
      5330 Mansfield Rd, Shreveport, LA 71108
      View Details
    • Contact for pricing
      12,859 SF

      Spacious Church with Ample Parking

      Well-maintained church with 400-seat sanctuary and 150 parking spaces.
      5823 Ledbetter St, Shreveport, LA 71108
      View Details

    Similar Nearby for Sale

    • $600,000

      Multi-Tenant Industrial Building For Sale

      15,180 SF multi-tenant industrial building on 1.18 AC.
      2723 Standard Oil Rd, Shreveport, LA 71108
      View Details
    • Contact for pricing

      Shreveport Industrial Land Opportunity

      Prime Manufacturing Land, Caddo Parish, LA
      9160 Linwood Ave, Shreveport, LA 71108
      View Details
    • Contact for pricing
      12,859 SF

      Spacious Church with Ample Parking

      Well-maintained church with 400-seat sanctuary and 150 parking spaces.
      5823 Ledbetter St, Shreveport, LA 71108
      View Details
    • Contact for pricing

      Commercial Property Redevelopment Opportunity

      Commercial property for redevelopment or owner-user improvements in prime location.
      5330 Mansfield Rd, Shreveport, LA 71108
      View Details
    • Contact for pricing
      850 SF

      Office Property with Redevelopment Potential

      Commercial office property in a well-established area with traffic above 7,000 vehicles daily.
      5330 Mansfield Rd, Shreveport, LA 71108
      View Details

    Similar Nearby for Lease

    • $1,250 /Mo
      6,534 SF

      Remodeled Office Suite with Bonus Room

      Remodeled two-level office layout with multiple rooms, kitchenette, and security systems in place for a ready move-in.
      3939 Linwood Ave, Shreveport, LA 71108
      View Details
    • Contact for pricing
      1,033 SF

      Office Space on Busy Street

      Office space for rent with high visibility and paved parking.
      5403 Hearne Ave, Shreveport, LA 71108
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space on Hearne Avenue

      Community center retail space available for lease on Hearne Ave.
      6363 Hearne Ave, Shreveport, LA 71108
      View Details
    • Contact for pricing
      1,307 SF

      Commercial Property with Office Space

      Commercial property featuring office space available for lease or sale.
      3939 Linwood Ave, Shreveport, LA 71108
      View Details
    • $850 /Mo
      5,550 SF

      Office Space with High Visibility

      Neat, clean office space on a busy street with central air, heat, and a paved parking lot.
      5403 Hearne Ave, Shreveport, LA 71108
      View Details
    • Contact for pricing

      Community Center Retail Space

      Retail spaces in a well-established community center.
      6363 Hearne Ave U.S 171, Shreveport, LA 71108
      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.
    2723 Standard Oil Rd
    Shreveport, LA 71108
    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

    Thank You for Inquiry
    2723 Standard Oil Rd, Shreveport, LA, 71108
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!