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    Property profile & analytics

    3707 Lakeshore Dr Shreveport, LA 71109

    • Commercial real estate
    • 44,972 SF
    For Sale
    View listing
    $2,200,000
    Last Sale
    Mar 05, 2020
    $855,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0359598
    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

    • Advance Tax / Tax Preparation Service / Tax Preparation

    Property Details for 3707 Lakeshore Dr

    Construction
    BRICK
    Property size
    44,972 SF
    Property type
    Commercial real estate
    APN
    171404-009-0001-00
    APU
    171404009000100

    Description

    This exceptional investment opportunity presents a multi-unit retail strip center ideally situated on the corner of Jewella Ave and Lakeshore Drive in Shreveport, Louisiana. The property boasts a substantial 44,972 square feet of leasable space spread across a generous 2.98-acre lot. Currently, the center houses a diverse range of tenants including a grocery store, a furniture store (Gitana Furniture), a salon, a barbershop, a church, a copy shop, and a coffee shop. Three vacant units are available, presenting immediate potential for increased revenue. The property features ample concrete parking and sidewalks, ensuring convenient access for customers and tenants. Key features for the grocery store include loading docks and a sprinkler system. The strategic corner location on a busy intersection guarantees high visibility and significant foot traffic, making this a prime retail investment. The property's size and existing tenant mix offer a strong foundation for future growth and profitability. Further details will be available shortly. This is a rare opportunity to acquire a well-established, high-traffic retail center in a thriving Shreveport location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $780,000
      ML approach
      $930,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,192,000
      Market price range: $1.19M - $3.27M

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.7982
    Latitude
    32.4922
    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
    $7,362
    $17,945
    $28,245
    $46,190
    -
    $179,448
    $188,300
    $367,748

    Comparable in this City

    • Value Estimation
      $260,000
      10 SF

      4430 Greenwood Rd

      COMMERCIAL (GENERAL) • 10 SF
      4430 Greenwood Rd, Shreveport, LA 71109-5612
      View Details
    • Value Estimation
      $220,000
      2,300 SF

      4123 Greenwood Rd

      COMMERCIAL (GENERAL) • 2,300 SF
      4123 Greenwood Rd, Shreveport, LA 71109-6412
      View Details
    • Value Estimation
      $215,000
      3,189 SF

      2818 Greenwood Rd

      COMMERCIAL (GENERAL) • 3,189 SF
      2818 Greenwood Rd, Shreveport, LA 71109-4637
      View Details
    • Value Estimation
      $240,000
      1,440 SF

      4315 Lakeshore Dr

      COMMERCIAL (GENERAL) • 1,440 SF
      4315 Lakeshore Dr, Shreveport, LA 71109-3103
      View Details
    • Value Estimation
      $240,000
      589 SF

      2734 Lakeshore Dr

      COMMERCIAL (GENERAL) • 589 SF
      2734 Lakeshore Dr, Shreveport, LA 71109-2312
      View Details
    • Value Estimation
      $195,000
      6,411 SF

      3958 Lakeshore Dr

      COMMERCIAL (GENERAL) • 6,411 SF
      3958 Lakeshore Dr, Shreveport, LA 71109-1943
      View Details

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    • $2,200,000
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      Lakeshore Drive Retail Center

      Shreveport Strip Center - High-Traffic Location
      3707 Lakeshore Dr, Shreveport, LA 71109
      View Details
    • $82,500

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      Fenced property featuring a robust shop with electrical connections.
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    Similar Nearby for Lease

    • $8 SF/Yr
      112,000 SF

      Westwood Shopping Center: Retail Space

      Shreveport retail space, multiple units available.
      3709 Jewella Rd, Shreveport, LA 71109
      View Details
    • $5 SF/Yr
      9,600 SF

      Shreveport Industrial/Office Space For Lease

      9,600 SF Office/Warehouse, 1 Acre Lot
      4203 Pro St, Shreveport, LA 71109
      View Details
    • $1,800 /Mo

      Retail Space in Shreveport, LA

      Retail space suitable for a hair salon in Shreveport.
      3707 Lakeshore Dr, Shreveport, LA 71109
      View Details
    • $3,500 /Mo

      Retail Space on Jewella Avenue

      Retail space available for lease on Jewella Avenue.
      4001 Jewella Ave, Shreveport, LA 71109
      View Details
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    Shreveport, LA 71109
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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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