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    5240 N Market St Shreveport, LA 71107
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    5240 N Market St Shreveport, LA 71107

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    • Specialty properties
    For Sale
    $160,000
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    Special Purpose Commercial Property For Sale
    $160,000

    Special Purpose Commercial Property

    Commercial property for sale, suitable for special purpose use.

    5240 N Market, Shreveport, LA 71107
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    Property ID
    US36-0441579
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 5240 N Market St

    Property type
    Specialty properties
    Property subtype
    Commercial real estate

    Description

    SpecialPurpose

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.8252983
    Latitude
    32.5939848

    Comparable in this City

    • $700,000
      31.45 Acres

      31 Acres Land in Shreveport

      31.452 acres of land with homesite near Soda Lake.
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    • $225,000
      5.96 Acres

      Commercial Land in Shreveport City

      5.96 acres of unimproved land with utilities in Shreveport.
      1220 N Hearne Ave, Shreveport, LA 71107
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    • $110,000
      0.40 Acres

      Land on North Market Street

      Land with road frontage and easy highway access in Shreveport.
      4925 N Market St, Shreveport, LA 71107
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    • $95,000
      1.88 Acres

      Shreveport Land with 1512' Shop

      1.88 acres with shop; flexible usage options available.
      Albany Rd Rd, Shreveport, LA 71107
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    • $299,000
      6.22 Acres

      Vacant Land Near Blanchard, LA

      6.22 acres of vacant land for sale.
      6095 Pine Hill Rd, Shreveport, LA 71107
      View Details
    • $170,000
      3.90 Acres

      Shreveport Land Development Opportunity

      Prime land for development near established businesses and residential areas.
      4821 N Market St, Shreveport, LA 71107
      View Details

    Similar Nearby for Sale

    • $936,000
      3,972 SF

      Shreveport Commercial Land Investment

      High-traffic location, development potential.
      5325 Market St, Shreveport, LA 71107
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    • $875,000
      17.00 Acres

      Prime Land on North Market

      17 acres with high traffic frontage on North Market.
      North Market St, Shreveport, LA 71107
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    • Contact for pricing

      Industrial Land Near Amazon Facility

      One-acre industrial parcel for development or storage yard.
      Barton Dr, Shreveport, LA 71107
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    • $495,000
      1,400 SF

      Commercial Land on N Market

      Land with home, shop, and pond near I-49.
      5349 N Market St, Shreveport, LA 71107
      View Details
    • $1,600,000
      11.22 Acres

      Shreveport Land with Major Road Frontage

      11.217 acres with frontage on three major roads.
      5555 Old Mooringsport Rd, Shreveport, LA 71107
      View Details
    • Contact for pricing

      Commercial Land Near I-49

      Commercial land in growing North Shreveport near I-49.
      3300 North Market St, Shreveport, LA 71107
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      135,777 SF

      Commercial Property on North Market

      Commercial property with frontage on North Market Street in Shreveport.
      5244 N Market St St, Shreveport, LA 71107
      View Details
    • $6,500 /Mo
      10,000 SF

      New Warehouse with Yard Available

      10,000 SF warehouse with three acres available for lease.
      4356 Roy Road Ext, Shreveport, LA 71107
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      Retail Space For Lease

      Retail space available for lease in Shreveport, LA.
      1650 N Market St, Shreveport, LA 71107
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    • $19 SF/Yr
      1,800 SF

      Retail Space Available For Rent

      Retail space available for lease, totaling 1,800 square feet.
      5908-5910 N Market St, Shreveport, LA 71107
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Shreveport, Louisiana.
      1520 N Hearne Ave, Shreveport, LA 71107
      View Details
    • Contact for pricing

      North Market Commercial Spaces Available

      Two commercial spaces available for lease on North Market.
      4859 N Market St, Shreveport, LA 71107
      View Details
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    Shreveport, LA 71107
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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.

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