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    Property profile & analytics

    713 S Pine St Vivian, LA 71082

    • Commercial real estate
    • 4,032 SF
    • 1.00 lot acres
    For Sale
    View listing
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0877419
    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

    • Nick Rome - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency

    Property Details for 713 S Pine St

    Construction
    BRICK
    Lot size
    1.00 lot acres
    Property size
    4,032 SF
    Property type
    Commercial real estate
    APN
    221626-110-0152-00
    APU
    221626110015200

    Description

    This exceptional 4,482 square foot commercial building is strategically located on LA Highway 1 in Vivian, Louisiana, directly adjacent to the North Caddo Medical Center. Boasting high visibility and a prominent position, this property has served as the location of a successful insurance agency for over 40 years. The building is currently owner-occupied, presenting a unique opportunity for a new owner to continue the established presence or adapt the space to suit their specific business needs. The 0.46-acre lot provides ample space for parking and potential expansion. The property is zoned B-2, allowing for a variety of commercial uses. The building's long-standing history and prime location make it an attractive investment opportunity for businesses seeking a well-established presence in a thriving community. The substantial square footage offers flexibility for various configurations, catering to diverse business requirements. The proximity to the North Caddo Medical Center ensures high traffic and visibility, attracting a steady stream of potential clients. This property presents a rare chance to acquire a well-established commercial building in a desirable location with significant growth potential. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $340,000
      Market price range: $156k - $576k
      AI Estimate
      $340,000
      Market price range: $134k - $565k

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

    Location Insight

    • Map
    • Local Demand
    City
    Vivian
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.9886
    Latitude
    32.8649
    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
    $1,305
    $1,032
    $6,035
    $7,067
    -
    $10,317
    $40,230
    $50,547

    Comparable in this City

    • Value Estimation
      $225,000
      5,025 SF

      111 Frnt St

      COMMERCIAL (GENERAL) • 5,025 SF
      111 Frnt St, Vivian, LA 71082
      View Details
    • Value Estimation by Request
      2,500 SF

      144 Louisiana Ave

      COMMERCIAL (GENERAL) • 2,500 SF
      144 Louisiana Ave, Vivian, LA 71082-2836
      View Details
    • Value Estimation
      $275,000
      6 SF

      1520 Pne St

      COMMERCIAL (GENERAL) • 6 SF
      1520 Pne St, Vivian, LA 71082-2042
      View Details
    • Value Estimation
      $210,000
      1,209 SF

      602 Pne St

      COMMERCIAL (GENERAL) • 1,209 SF
      602 Pne St, Vivian, LA 71082-2316
      View Details
    • Value Estimation
      $210,000
      2,532 SF

      327 Oklahoma Ave

      COMMERCIAL (GENERAL) • 2,532 SF
      327 Oklahoma Ave, Vivian, LA 71082-3327
      View Details
    • Value Estimation by Request
      1,400 SF

      405 Spruce St

      COMMERCIAL (GENERAL) • 1,400 SF
      405 Spruce St, Vivian, LA 71082-3045
      View Details

    Similar Nearby for Sale

    • $125,000
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      Vivian Prime Commercial Land

      1.25 Acres, High-Traffic Location
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      View Details
    • $50,000
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      Unimproved Land in Vivian, LA

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      0.57 Acres

      Cleared Lots for Homes

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      0.57 Acres

      Cleared Lots for Homes

      Cleared lots with city utilities available for new homes.
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    • $125,000
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      Commercial Land in Vivian, Louisiana

      1.25 acres of commercial land in Vivian, Louisiana.
      947 S Pine St, Vivian, LA 71082
      View Details
    • Contact for pricing
      0.57 Acres

      Cleared Lots for Homes

      Cleared lots with utilities available for manufactured or site-built homes.
      14 Peaceful Pne, Vivian, LA 71082
      View Details
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    713 S Pine St
    Vivian, LA 71082
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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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