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    4927 Monkhouse Dr Shreveport, LA 71109-6100
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    Property profile & analytics

    4927 Monkhouse Dr, Shreveport, LA 71109-6100

    View on Map
    • Hotels
    • 51,276 SF
    • 1.56 lot acres
    Off-Market
    Last Sale Jan 27, 2022
    $7,038,000
    Property ID
    US36-1743427
    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
    $5,405,000
    Show details
    Cap Rate Potential
    4.9%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Del-Mar Airport Inn & Suites / Hotel & Motel
    • LibertyX Bitcoin ATM / Atm

    Property Details for 4927 Monkhouse Dr

    Year built
    2017
    Construction
    ADOBE
    Lot size
    1.56 lot acres
    Property type
    Hotels
    APN
    171417-064-0001-00
    APU
    171417064000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,380,000
      ML approach
      $5,580,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,395,000
      6.5%
      $4,055,000
      7%
      $3,765,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,338,000
      Market price range: $487k - $3.34M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.8267
    Latitude
    32.463
    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
    $78,720
    $32,474
    $461,414
    $493,888
    -
    $324,737
    $3,076,090
    $3,400,827

    Comparable in this City

    • Value Estimation
      $4,275,000
      47,160 SF

      5020 Hollywood Ave

      HOTEL
      5020 Hollywood Ave, Shreveport, LA 71109-7714
      View Details
    • Value Estimation
      $575,000
      8,000 SF

      3820 Greenwood Rd

      HOTEL
      3820 Greenwood Rd, Shreveport, LA 71109-5130
      View Details
    • Value Estimation by Request
      5,996 SF

      3000 Jewella Ave

      HOTEL
      3000 Jewella Ave, Shreveport, LA 71109-4126
      View Details
    • Value Estimation
      $1,305,000
      67,994 SF

      5101 Westwood Park Dr

      HOTEL
      5101 Westwood Park Dr, Shreveport, LA 71109-6243
      View Details
    • Value Estimation
      $1,955,000
      47,824 SF

      5402 Interstate Dr

      HOTEL
      5402 Interstate Dr, Shreveport, LA 71109-6506
      View Details
    • Value Estimation
      $670,000
      53,423 SF

      4901 Greenwood Rd

      HOTEL
      4901 Greenwood Rd, Shreveport, LA 71109-5503
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      148-Room Hotel in Shreveport

      148-room hotel with high visibility and easy interstate access.
      4935 W Monkhouse Dr, Shreveport, LA 71109
      View Details
    • $395,000
      7.07 Acres

      Shreveport Land for New Construction

      7+ acres, 18 lots, ready for site-built homes near I-220.
      1 Angel Oaks, Shreveport, LA 71109
      View Details
    • Contact for pricing
      0.11 Acres

      Corner Lot in Shreveport

      Unimproved corner lot with adjacent lot included in sale.
      3102 Judson St, Shreveport, LA 71109
      View Details
    • $470,000
      0.77 Acres

      Commercial Land on Greenwood Road

      0.77-acre commercial land parcel in high-traffic area.
      3444 Greenwood Rd, Shreveport, LA 71109
      View Details
    • Contact for pricing
      2,752 SF

      Commercial Lot with Two Buildings

      Commercial lot with two buildings ready for immediate use.
      2818 Greenwood Rd, Shreveport, LA 71109
      View Details
    • Contact for pricing

      Commercial Building Near Airport

      Freestanding commercial building with office space and secure outdoor storage.
      4611 Monkhouse Dr, Shreveport, LA 71109
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Greenwood Road

      Retail space available for lease on Greenwood Road.
      3707 Greenwood Rd, Shreveport, LA 71109
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space on Jewella Avenue

      Retail space for lease with high visibility and ample parking.
      4001 Jewella Ave, Shreveport, LA 71109
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Shreveport, LA

      Retail space suitable for a hair salon in Shreveport.
      3707 Lakeshore Dr, Shreveport, LA 71109
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Shreveport, Louisiana.
      3709 Jewella Rd, Shreveport, LA 71109
      View Details
    • Contact for pricing
      33,541 SF

      Commercial Land For Lease

      High-traffic commercial land parcel available for lease.
      3444 Greenwood Rd, Shreveport, LA 71109
      View Details
    • Contact for pricing

      Retail Space in Shreveport Center

      Retail space available in a busy Shreveport strip center.
      3709-3707 Lakeshore Dr, Shreveport, LA 71109
      View Details
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    Shreveport, LA 71109-6100
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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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