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    628 Harrison St Shreveport, LA 71106
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    628 Harrison St Shreveport, LA 71106

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    • Multifamily properties
    For Sale
    $175,000
    View Listing →
    Investment Housing For Sale For Sale
    $175,000

    Investment Housing For Sale

    Investment housing opportunity in Shreveport, to be sold together.

    628 Harrison St, Shreveport, LA 71106
    View Listing
    Property ID
    US36-0690455
    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

    • TrookzTreatz / Clothing & Fashion Store

    Property Details for 628 Harrison St

    Property type
    Multifamily properties

    Description

    Investment housing. Must be sold together.

    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
    -93.76888
    Latitude
    32.43363

    Comparable in this City

    • $325,000
      2,288 SF

      Flournoy Lucas Corridor Investment Opportunity

      Two leased properties on 0.75 acres in developing corridor.
      9507 Pleasant Hills Dr, Shreveport, LA 71106
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    • $325,000
      2,288 SF

      Flournoy Lucas Investment Opportunity

      Two well-maintained properties on 0.75 acres in Shreveport, LA.
      9507 Pleasant Hills Dr, Shreveport, LA 71106
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    • $134,500
      0.33 Acres

      Residential Land in Southern Trace

      Unimproved lot in Southern Trace, build your dream home!
      St Francis Way, Shreveport, LA 71106
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    • $84,000
      1.00 Acre

      Planned Neighborhood Development Land

      180-acre, 3-phase planned neighborhood development with upscale amenities.
      8 Blackjack Cir, Shreveport, LA 71106
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    • $140,000
      0.51 Acres

      Residential Land in Shreveport, LA

      Unimproved land suitable for building a dream home.
      370 West Pointe Dr, Shreveport, LA 71106
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    • $3,950,000
      53.00 Acres

      Shreveport Land Development Opportunity

      53-acre residential development opportunity in south Shreveport near Camp Forbing.
      E Flournoy Lucas Rd, Shreveport, LA 71106
      View Details

    Similar Nearby for Sale

    • $325,000
      2,288 SF

      Flournoy Lucas Corridor Investment Opportunity

      Two leased properties on 0.75 acres in developing corridor.
      9507 Pleasant Hills Dr, Shreveport, LA 71106
      View Details
    • $325,000
      2,288 SF

      Flournoy Lucas Investment Opportunity

      Two well-maintained properties on 0.75 acres in Shreveport, LA.
      9507 Pleasant Hills Dr, Shreveport, LA 71106
      View Details
    • $86,000
      1.00 Acre

      Planned Neighborhood Development Land

      1 acre lot in a planned Shreveport neighborhood development.
      14 Water Oak Dr, Shreveport, LA 71106
      View Details
    • $150,000
      0.34 Acres

      Shreveport Business Opportunity

      Commercial property for sale in Shreveport, Louisiana.
      258 E 70Th St, Shreveport, LA 71106
      View Details
    • $105,000
      0.31 Acres

      Residential Land in Southern Trace

      Unimproved land in Shreveport's Southern Trace community.
      1120 Frst Trl Dr, Shreveport, LA 71106
      View Details
    • $93,000
      1.02 Acres

      Residential Land in Planned Development

      1+ acre lot in Shreveport's Red Oak Pointe subdivision.
      30 Riv Birch Cir, Shreveport, LA 71106
      View Details

    Similar Nearby for Lease

    • $275 SF/Yr
      17,729 SF

      Office Space in Shreveport, LA

      Office space available for lease in Shreveport, Louisiana.
      214 W 70Th St, Shreveport, LA 71106
      View Details
    • $275 SF/Yr
      17,729 SF

      Office Space in Shreveport, LA

      Office space available for rent in Shreveport, Louisiana.
      214 W 70Th St, Shreveport, LA 71106
      View Details
    • $275 SF/Yr
      17,729 SF

      Office Space in Shreveport, LA

      Office space available for rent in Shreveport, Louisiana.
      214 W 70Th St, Shreveport, LA 71106
      View Details
    • Contact for pricing

      Class A Office Park Location

      Professional office property with convenient access and ample parking.
      900 Pierremont Rd, Shreveport, LA 71106
      View Details
    • Contact for pricing

      Office Condo For Lease

      Office condo available for lease in Spring Lake Office Park.
      670 Albemarle Dr, Shreveport, LA 71106
      View Details
    • $12 SF/Yr
      1,100 SF

      Renovated Office Space Available

      1,700 SF office space renovated in 2025 for rent.
      6809-6811 Fairfield Ave, Shreveport, LA 71106
      View Details
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    628 Harrison St
    Shreveport, LA 71106
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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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