2958 Texas St Bossier City, LA 71111-3202
Property profile & analytics
2958 Texas St, Bossier City, LA 71111-3202
- Retail space
- 5,652 SF
- 1.96 lot acres
Property ID
US36-1266682
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.
Location Intelligence
Current Use by Public Records
- The Mighty Crab (Bossier City) / Restaurant
Property Details for 2958 Texas St
- Year built
- 2012
- Lot size
- 1.96 lot acres
- Property type
- Retail space
- APN
- 124270
- APU
- 124270
Description
This exceptional investment opportunity presents a fee-simple interest in a 5,679 square foot single-tenant retail building leased to The Mighty Crab in Bossier City, Louisiana. The property, built in 2012 and situated on a 1.96-acre lot, boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $159,028. The Mighty Crab, a thriving Cajun-style seafood restaurant, signed a ten-year NNN lease in 2022, with two five-year options and a 10% rent increase scheduled for August 1, 2027, and every subsequent five-year period. The lease requires the tenant to cover all taxes, insurance, and operating expenses, minimizing landlord responsibilities. This prime location, just over a quarter-mile from Interstate 20 Exit 22 (71,593 vehicles per day), offers exceptional visibility and accessibility. The property is an outparcel to the Pierre Bossier Mall (650,000 square feet) and benefits from high traffic counts on US Route 79/East Texas Street (12,163 VPD) and LA-3105/Airline Drive (29,056 VPD). The surrounding area features a dense concentration of national retailers, including Big Lots, CVS, and numerous restaurants, further enhancing the property's value. The Mighty Crab's presence, coupled with its proximity to the Louisiana Boardwalk Outlets and major casinos, ensures a robust and consistent customer base. The asking price is $1,988,000, representing a price per square foot of $350.06. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving market. The lease expires July 31, 2032, providing a substantial remaining lease term of 7.7 years.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $585,000
- ML approach
- $570,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $610,000
- 6.5%
- $565,000
- 7%
- $520,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $525,000
Market price range: $148k - $525k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $700,000 Current use
- MEDICAL BUILDING
- $865,000 Change: +24% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bossier City
- County
- Bossier
- State
- Louisiana
- Longitude
- -93.7044
- Latitude
- 32.5282
- 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
$26,386
$68,650
$133,805
$202,455
-
$686,500
$892,033
$1,578,533
