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    4703 Palmetto Rd Benton, LA 71006-9712
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    Property profile & analytics

    4703 Palmetto Rd, Benton, LA 71006-9712

    View on Map
    • Industrial properties
    • 51,500 SF
    • 0.85 lot acres
    Off-Market
    Property ID
    US36-1044106
    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
    $2,235,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cypress 3:16 Field House / Family Recreation Center

    Property Details for 4703 Palmetto Rd

    Year built
    1979
    Lot size
    0.85 lot acres
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    153604
    APU
    153604

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 9, 2017 $1,225,000 Cypress Baptist Ch Of Benton C & L Supply INC Grant Deed —
    Nov 17, 2016 — C & L Supply INC — Deed · related $16.3M · Arvest Mtg
    — — C & L Supply INC — Loan Modification · related $1.1M · Bank Of Oklahoma
    — — C & L Supply INC — Deed Of Trust · related $16.3M · Arvest Mtg

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,346,000
      Market price range: $1.56M - $4.98M
      AI Estimate
      $1,563,000
      Market price range: $1.11M - $2.69M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,220,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Benton
    County
    Bossier
    State
    Louisiana
    Longitude
    -93.7109
    Latitude
    32.6414
    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
    $17,564
    $46,829
    $86,849
    $133,678
    -
    $468,290
    $578,994
    $1,047,284

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      6512 Hwy 3rd 3

      INDUSTRIAL LOFT BUILDING
      6512 Hwy 3rd 3, Benton, LA 71006-3908
      View Details
    • Value Estimation by Request
      3,825 SF

      608 5th St

      INDUSTRIAL LOFT BUILDING
      608 5th St, Benton, LA 71006-9477
      View Details
    • Value Estimation by Request
      7,600 SF

      223 Linton Rd

      INDUSTRIAL LOFT BUILDING
      223 Linton Rd, Benton, LA 71006-3414
      View Details
    • Value Estimation by Request
      4,800 SF

      Benton, LA 71006

      INDUSTRIAL LOFT BUILDING
      Benton, LA 71006
      View Details
    • Value Estimation by Request
      2,275 SF

      Benton, LA 71006

      INDUSTRIAL LOFT BUILDING
      Benton, LA 71006
      View Details
    • Value Estimation by Request
      375 SF

      431 Carrier Ave

      INDUSTRIAL LOFT BUILDING
      431 Carrier Ave, Benton, LA 71006-8920
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      136.51 Acres

      Benton Rd Commercial Land - 136 Acres

      Prime Bossier Parish development land, R-A zoning.
      0 Benton Rd, Benton, LA 71006
      View Details
    • $559,900
      70.00 Acres

      Timberland Acreage with Home

      Multi-parcel 70-acre timber tract with an existing residence, workshop, and outbuildings for flexible lifestyle and investment use.
      356 Cottage Grove Rd, Benton, LA 71006
      View Details
    • $125,000
      0.56 Acres

      Residential Land in Benton, LA

      Residential land for sale in Benton, Louisiana.
      Sam Willen Dr, Benton, LA 71006
      View Details
    • Contact for pricing
      10,640 SF

      New Construction NNN Dollar General

      New 2025 construction Dollar General with corporate guarantee.
      104 Old Bellevue Rd, Benton, LA 71006
      View Details
    • $125,000
      0.50 Acres

      Land For Sale in Benton

      Land in Benton, LA, with views of nature.
      Sam Willen Dr, Benton, LA 71006
      View Details
    • $349,000
      17.00 Acres

      Benton, LA 17 Acre Land

      17 acre wooded land with house pad in Benton, LA.
      Highway 157, Benton, LA 71006
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,600 SF

      7600 SF Warehouse For Rent

      7600 SF warehouse in excellent location, triple net lease.
      223 Linton Rd, Benton, LA 71006
      View Details
    • $5,500 /Mo
      73,616 SF

      Warehouse with Triple Net Terms

      Well-located warehouse available on a triple net lease, with flexible terms and rent for qualified tenants.
      223 Linton Rd, Benton, LA 71006
      View Details
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    Benton, LA 71006-9712
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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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    4703 Palmetto Rd, Benton, LA, 71006
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