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

    400 Pete Harris Dr Shreveport, LA 71101

    • Motels
    • 11,548 SF
    For Sale
    View listing
    $899,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0752021
    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

    • Session Levingston Motel / Motel

    Property Details for 400 Pete Harris Dr

    Construction
    BRICK
    Property size
    11,548 SF
    Property type
    Motels
    APN
    181436-018-0027-00
    APU
    181436018002700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.7592
    Latitude
    32.5077
    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
    $2,111
    $1,512
    $11,019
    $12,531
    -
    $15,120
    $73,457
    $88,577

    Comparable in this City

    • Value Estimation
      $6,750,000
      680,040 SF

      104 Market St

      MOTEL • 680,040 SF
      104 Market St, Shreveport, LA 71101-2829
      View Details
    • Value Estimation by Request
      20,397 SF

      1002 Texas Ave

      MOTEL • 20,397 SF
      1002 Texas Ave, Shreveport, LA 71101-3341
      View Details
    • Value Estimation by Request
      19,800 SF

      700 Cotton St

      MOTEL • 19,800 SF
      700 Cotton St, Shreveport, LA 71101-3702
      View Details
    • Value Estimation by Request
      23,058 SF

      525 Crockett St

      MOTEL • 23,058 SF
      525 Crockett St, Shreveport, LA 71101-3601
      View Details
    • Value Estimation by Request
      3,444 SF

      615 Jordan St

      MOTEL • 3,444 SF
      615 Jordan St, Shreveport, LA 71101-4748
      View Details
    • Value Estimation
      $6,430,000
      1,224,973 SF

      100 Clyde Fant Pkwy

      HOTEL • 1,224,973 SF
      100 Clyde Fant Pkwy, Shreveport, LA 71101
      View Details

    Similar Nearby for Sale

    • $899,900
      11,761 SF

      Shreveport Motel: 42 Keys

      Profitable Louisiana Motel, 42 Rooms
      400 Pete Harris Dr, 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
    • $500,000
      17,000 SF

      Downtown Shreveport Office Building

      Historic Office Building, Redevelopment Potential
      700 Cotton St, Shreveport, LA 71101
      View Details
    • Contact for pricing
      0.16 Acres

      Vacant Land in Shreveport, LA

      Affordable vacant lot suitable for residential or multi-family development.
      233 Herndon St, Shreveport, LA 71101
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    • Contact for pricing
      0.12 Acres

      Vacant Lot in Shreveport, LA

      Affordable vacant lot suitable for tiny home or rental.
      621 Wyandotte St, Shreveport, LA 71101
      View Details
    • $2,400,000
      26 SF

      Downtown Shreveport Office Building For Sale

      26,045 SF office building with USPS tenant and parking.
      331 Milam St, Shreveport, LA 71101
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      5,000 SF

      Downtown Shreveport Event Space

      Historic 5,000 SF Event Venue, 1.1 Acres
      400 Crockett St, Shreveport, LA 71101
      View Details
    • $15 SF/Yr
      219,100 SF

      Beaird Tower Office Suites

      Shreveport CBD Executive Office Space
      330 Marshall St, Shreveport, LA 71101
      View Details
    • $2,345 /Mo
      18,861 SF

      Renovated Storefront Retail/Office Space

      Historically renovated retail or office space with private parking.
      411 Lake St, Shreveport, LA 71101
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    • $12 SF/Yr
      1 SF

      American Tower: Downtown Shreveport

      Class A Office Space, Downtown Shreveport
      401 Market St, Shreveport, LA 71101
      View Details
    • $7 SF/Yr
      17,000 SF

      Historic Shreveport Office Building

      17,000 SF Office Space Available
      700 Cotton St, Shreveport, LA 71101
      View Details
    • $13 SF/Yr
      344,524 SF

      Louisiana Tower Office Space

      Downtown Shreveport Class A Office
      401 Edwards St, Shreveport, LA 71101
      View Details
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    400 Pete Harris Dr
    Shreveport, LA 71101
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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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