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

    515 Washington St Shreveport, LA 71104

    • Office space
    • 1,731 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0357294
    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

    • Resurrection Center of Louisiana / Social Service Agency / Charitable Organization
    • King Of Kutz Barbershop LLC / Barber Shop

    Property Details for 515 Washington St

    Property size
    1,731 SF
    Property type
    Office space
    APN
    171308025002800

    Description

    This single-story, 1,731 square foot Class C office building in Shreveport, Louisiana, presents a compelling investment opportunity or owner-occupant scenario. Located at 515 E Washington St, 71104, this multi-tenant property boasts a convenient location near Youre Drive, downtown Shreveport, and major interstates I-20 and I-49, ensuring high visibility and accessibility. The building features two suites, previously occupied by a dental office and a general office, offering flexibility for various professional uses. Currently, the occupancy rate stands at 50%. The asking price is $145,000, translating to a price per square foot of $83.77. The property's APN is 171308025002800. This is a modified lease type property. This presents a unique chance to acquire a well-situated commercial property in a thriving area of Shreveport, offering potential for immediate income generation and future appreciation. The building sits on a single lot.

    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 Parish
    State
    Louisiana
    Longitude
    -93.7233393
    Latitude
    32.4845458

    Comparable in this City

    • New
      $695,000
      11,810 SF

      Shreveport Retail/Office Opportunity

      Expansive commercial property with high visibility and flexible space.
      2430 Line Ave, Shreveport, LA 71104
      View Details
    • $2,000,000
      22,760 SF

      Prime Shreveport Office Building

      High-yield investment, 100% occupied.
      2525 Youree Dr, Shreveport, LA 71104
      View Details
    • $245,000
      0.75 Acres

      Shreveport Office Building on Line

      Split-level office building on Line Avenue near Byrd High School.
      2520 Line Ave, Shreveport, LA 71104
      View Details
    • $385,000
      0.31 Acres

      Shreveport Office For Sale

      Office property available for purchase in Shreveport, Louisiana.
      2850 Centenary Blvd, Shreveport, LA 71104
      View Details
    • $1,050,000
      10,700 SF

      Shreveport Office/Warehouse For Sale

      10,700 SF Office/Warehouse, $1.05M
      2640 Youree Dr, Shreveport, LA 71104
      View Details
    • $250,000
      0.27 Acres

      Renovated Office Building, Shreveport

      Newly renovated office building in Shreveport's historic Highland neighborhood.
      2303 Line Ave, Shreveport, LA 71104
      View Details

    Similar Nearby for Sale

    • New
      $695,000
      11,810 SF

      Shreveport Retail/Office Opportunity

      Expansive commercial property with high visibility and flexible space.
      2430 Line Ave, Shreveport, LA 71104
      View Details
    • $2,000,000
      22,760 SF

      Prime Shreveport Office Building

      High-yield investment, 100% occupied.
      2525 Youree Dr, Shreveport, LA 71104
      View Details
    • $245,000
      0.75 Acres

      Shreveport Office Building on Line

      Split-level office building on Line Avenue near Byrd High School.
      2520 Line Ave, Shreveport, LA 71104
      View Details
    • $385,000
      0.31 Acres

      Shreveport Office For Sale

      Office property available for purchase in Shreveport, Louisiana.
      2850 Centenary Blvd, Shreveport, LA 71104
      View Details
    • $1,050,000
      10,700 SF

      Shreveport Office/Warehouse For Sale

      10,700 SF Office/Warehouse, $1.05M
      2640 Youree Dr, Shreveport, LA 71104
      View Details
    • $250,000
      0.27 Acres

      Renovated Office Building, Shreveport

      Newly renovated office building in Shreveport's historic Highland neighborhood.
      2303 Line Ave, Shreveport, LA 71104
      View Details

    Similar Nearby for Lease

    • $500 /Mo
      254 SF

      Office Space with Utilities Included

      Office space available with utilities and fiber optic internet included.
      3825 Gilbert Dr, Shreveport, LA 71104
      View Details
    • $850 /Mo
      10,890 SF

      Shreveport Office Space For Rent

      All-inclusive office leasing in Shreveport's Kings Ridge complex.
      839 Kings Hwy, Shreveport, LA 71104
      View Details
    • $600 /Mo
      10,890 SF

      Shreveport Office Space For Lease

      All-inclusive office leasing in Shreveport's Kings Ridge Executive Suites.
      831 Kings Hwy, Shreveport, LA 71104
      View Details
    • $13 SF/Yr
      20,442 SF

      Line Olive Building: Shreveport Office Space

      Class A Office Suites, Shreveport, LA
      745 Olive St, Shreveport, LA 71104
      View Details
    • $12 SF/Yr
      7,909 SF

      Prime Shreveport Office Space

      7,909 SF Office Building, 520 SF Available
      2210 Line Ave, Shreveport, LA 71104
      View Details
    • $14 SF/Yr
      8,782 SF

      Fairfield Medical Plaza: Shreveport Office Space

      Class A Medical Office Suites Available Now
      2015 Fairfield Ave, Shreveport, LA 71104
      View Details
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    515 Washington St
    Shreveport, LA 71104
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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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