9220 Wallace Lake RdShreveport, LA 71106

Property Details for 9220 Wallace Lake Rd

Lot size

0.66 AC

Property size (Sq ft)

4,350 SF

Property type

Commercial real estate

APN

161306-060-0003-00

APU

161306060000300

Description

This exceptional 7,650 square foot industrial building, located at 9220 Wallace Lake Road in Shreveport, Louisiana (zip code 71106), presents a unique investment opportunity. Built in 2019, the property is ideally suited for a variety of commercial uses, currently configured as a restaurant. The building boasts two fully equipped kitchens, perfect for large-scale catering or a bustling dine-in establishment. Two bars and ample space for customer seating are included in the layout. A large dishwashing bay and a separate baking area add to the operational efficiency. A significant advantage is the building's unique automatic weekly virus and bacteria-killing spray system, a 100% safe and maintenance-free feature. An outdoor play area with a basketball goal adds to the property's appeal. The asking price of $1,449,200 is for the building only

• CAP approach

  CAP return

  Valuation

  6%

  $1,355,250

  6.5%

  $1,251,000

  7%

  $1,161,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $821,627

  Geo Method

  $311,156

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,533,210

  Retail / Commercial

  $1,285,260

  Mixed-Use / Specialty

  $1,269,830

  Hospitality / Lodging

  $917,519

  Office

  $1,251,000

  Institutional / Educational

  $1,316,240

  Residential Income

  $1,540,000

  Multifamily

  $1,907,100

  Automotive / Energy

  $1,128,200

  Parking / Income-Based Land

  $400,042

  Restaurant / Food Service

  $637,310

  Healthcare / Senior Housing

  $1,313,310

Location Insight

City

Shreveport

County

Caddo

State

Louisiana

Latitude

32.398

Longitude

-93.739

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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