Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    724 Azalea Dr Shreveport, LA 71106-1839

    • Commercial real estate
    • 5,500 SF
    OFF-MARKET
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0578777
    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

    • Drake Catering / Take-out & Catering / Catering Service
    • CHOP SHOP SHV / Take-out & Catering / Butcher
    • L.E. & CHALK / Clothing & Fashion Store
    • Wesley Thomas, Inc. / Construction Company / General Contractor
    • Line Avenue Business Associates / Association Or Organization

    Property Details for 724 Azalea Dr

    Construction
    BRICK
    Property size
    5,500 SF
    Property type
    Commercial real estate
    APN
    171318-043-0052-00
    APU
    171318043005200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $600,000
      Market price range: $333k - $1.07M
      AI Estimate
      $425,000
      Market price range: $205k - $828k

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.7445
    Latitude
    32.4586
    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
    $6,629
    $5,100
    $36,491
    $41,591
    -
    $51,000
    $243,270
    $294,270

    Comparable in this City

    • Value Estimation by Request
      2.54 Acres

      Flournoy Lucas Rd

      Farms • 2.54 Acres
      0 Flournoy Lucas Rd, Shreveport, LA 71106
      View Details
    • Value Estimation by Request
      0.90 Acres

      Flournoy Lucas Rd

      Land • 0.90 Acres
      0 Flournoy Lucas Rd, Shreveport, LA 71106
      View Details
    • Value Estimation by Request
      0.64 Acres

      Bert Kouns Loop

      Land • 0.64 Acres
      0 Bert Kouns Loop, Shreveport, LA 71106
      View Details
    • Value Estimation by Request
      0.99 Acres

      Bert Kouns Loop

      Land • 0.99 Acres
      0 Bert Kouns Loop, Shreveport, LA 71106
      View Details
    • Value Estimation by Request

      Norris Ferry Rd

      Land
      0 Norris Ferry Rd, Shreveport, LA 71106
      View Details
    • Value Estimation by Request
      995 SF

      5908 Fairfield Ave

      COMMERCIAL (GENERAL) • 995 SF
      5908 Fairfield Ave, Shreveport, LA 71106-1914
      View Details

    Similar Nearby for Sale

    • $250,000
      14.45 Acres

      Shreveport Industrial Land - 14 Acres

      Prime I-49 & Line Ave location; $250,000
      0 85Th St, Shreveport, LA 71106
      View Details
    • Contact for pricing
      88.00 Acres

      Shreveport Commercial Land - 88 Acres

      Prime 88-acre commercial tract in Shreveport, LA
      0 Southern Loop & Wallace Lk Rd, Shreveport, LA 71106
      View Details
    • $885,000
      2.54 Acres

      Southeast Shreveport Land - $885,000

      2.54 Acres, Prime Location
      0 Flournoy Lucas Rd, Shreveport, LA 71106
      View Details
    • $2,090,880
      4.00 Acres

      Prime Shreveport Commercial Land

      4 Acres, High Traffic, Build-to-Suit
      5550 Stratmore Cir, Shreveport, LA 71106
      View Details
    • $629,688
      1.21 Acres

      High-Traffic Shreveport Commercial Land

      1.21 Acres, C-3 Zoning, Prime Location
      0 Bert Kouns Loop, Shreveport, LA 71106
      View Details
    • Contact for pricing
      1.00 Acre

      Provenance Place Commercial Land

      Shreveport Office/Retail Land - 5,253 SF
      0 Provenance Pl Blvd @ Southern Loop, Shreveport, LA 71106
      View Details

    Similar Nearby for Lease

    • $575 /Mo
      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
    • $12 SF/Yr
      93,414 SF

      Pierremont Mall Retail Space

      Shreveport retail space, multiple units available.
      4801 Line Ave, Shreveport, LA 71106
      View Details
    • $18 SF/Yr
      93,630 SF

      Pierremont Office Park: Building III

      Executive Suites, Prime Shreveport Location
      920 Pierremont Rd, Shreveport, LA 71106
      View Details
    • $675 /Mo
      17,729 SF

      Office Space in Shreveport, LA

      Office property 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
    • $15 SF/Yr
      10,000 SF

      Shreveport Warehouse Space Available

      Modern warehouse space for lease in Shreveport, LA.
      9700-9720 Paxton Rd, Shreveport, LA 71106
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    724 Azalea Dr
    Shreveport, LA 71106-1839
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.