3319 East Texas St Bossier City, LA 71111
Property profile & analytics
3319 East Texas St, Bossier City, LA 71111
- Industrial properties
- 12,000 SF
- 1.39 lot acres
Property ID
US36-0708519
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
- Gerber Collision & Glass / Auto Repair Shop
Property Details for 3319 East Texas St
- Year built
- 2006
- Lot size
- 1.39 lot acres
- Property type
- Industrial properties
- Property subtype
- Loft space
- APN
- 162574
- APU
- 162574
Description
This exceptional investment opportunity presents a 12,000 square foot, single-tenant net-leased auto shop in Bossier City, Louisiana. The property, built in 2006, is situated on a 1.39-acre lot and boasts a 100% occupancy rate with Gerber Collision & Glass, a subsidiary of the publicly traded Boyd Group Services, Inc. The current lease, commenced March 18, 2022, has a remaining term of 7.3 years with a 10-year initial term and includes 10% rental increases every five years. The property features a strong Net Operating Income (NOI) of $143,256, resulting in a compelling 6.23% cap rate and a price per square foot of $191.67. The asking price is $2,300,000. The property is zoned B-3 and benefits from a prime retail location. Gerber recently invested in new roofing systems with a 20-year warranty starting January 2024. This investment offers a secure, long-term lease with a financially stable and growing tenant in a desirable location, presenting significant potential for return. The low rent-to-sales ratio further enhances the investment's attractiveness. This is a rare opportunity to acquire a high-quality, net-leased property with a strong tenant and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,045,000
- ML approach
- $1,035,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,175,000
- 6.5%
- $1,085,000
- 7%
- $1,005,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,181,000
- AI Estimate
- $744,000
Market price range: $398k - $1.18MMarket price range: $232k - $744k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $820,000 Current use
- MEDICAL BUILDING
- $1,840,000 Change: +125% Conversion: Difficult
- RETAIL STORES
- $1,485,000 Change: +81% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bossier City
- County
- Bossier
- State
- Louisiana
- Longitude
- -93.6955
- Latitude
- 32.53
- 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
$13,419
$24,219
$78,744
$102,963
-
$242,190
$524,960
$767,150
