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4943 Monkhouse Dr Shreveport, LA 71109

OFF-MARKET Land Google Maps
4.38 ac lot
Entity Owned 3-yr Hold
Estimated value
No estimation on file for this property yet.
Property ID US36-1668644

Property summary

AI-generated overview

This exceptional 4.38-acre commercial land parcel in Shreveport, Louisiana, presents a compelling redevelopment opportunity. Located directly off I-20, exit 13, this property boasts over 584 feet of frontage along the interstate, providing unparalleled visibility and accessibility. The site comprises two parcels, including a vacant, non-functional former hotel, offering a blank canvas for a variety of commercial ventures. Its strategic location near the Shreveport Regional Airport (Louisiana's third busiest airport), less than half a mile away, ensures high traffic volume and convenient access for businesses and travelers. The high daily traffic counts on I-20 (over 55,000 vehicles) and Monkhouse Drive (10,000 vehicles) guarantee significant exposure. The property's flat terrain and existing infrastructure minimize development complexities, making it ideal for large-scale projects such as a convenience store, new hotel, or other commercial developments. This location is the epicenter of the Arkansas-Louisiana-Texas region, benefiting from a diverse economy anchored by education, logistics, finance, retail, oil, and entertainment sectors. Numerous major corporations have established a presence in Shreveport, further solidifying its economic strength and attractiveness for new businesses. The property offers full-motion access and is situated on a corner lot, maximizing its visibility and convenience. This is a rare opportunity to acquire a significant commercial land parcel in a high-growth area with exceptional visibility and access. The APN is S37 000006 000. The asking price is $1,350,000.

Property profile

Verified
Property type Land
Lot 4.38 ac (190,793 SF)
UPID US36-1668644

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
1 recorded transaction
2023
$1.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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