IFB 25-069 Sale of Surplus Immovable Property - Formerly Fire Station #14 - 3830 Greenwood Rd.
| Agency: | City of Shreveport |
|---|---|
| State: | Louisiana |
| Type of Government: | State & Local |
| NAICS Category: |
|
| Posted Date: | Nov 3, 2025 |
| Due Date: | Dec 4, 2025 |
| Original Source: | Please Login to View Page |
| Contact information: | Please Login to View Page |
| Bid Documents: | Please Login to View Page |
IFB 25-069 Sale of Surplus Immovable Property - Formerly Fire Station #14 - 3830 Greenwood Rd.
It shall be the responder's responsibility to make inquiry as to the addenda issued.
Attachment Preview
A Real Property Appraisal Analysis
Presented in an
Appraisal Report
On the
Commercial building
Located at
3830 Greenwood Road
in
Shreveport, Louisiana
Appraisal Report Prepared
For
City of Shreveport
℅ Mr. Malcolm Stadtlander
Property Management Administrator
Date of Property Visit
Was
May 20, 2025
Effective Date of Value
is
May 20, 2025
Appraisal Prepared
By
David W. Volentine, MAI
DAVID W. VOLENTINE, MAI
REAL ESTATE APPRAISAL & CONSULTING
____________________________________________________________________________________________
DAVID W. VOLENTINE, MAI
Real Estate Appraisal and Consulting
2020 East 70th Street, Suite 203
Shreveport, Louisiana 71105
Office: (318) 797-1235
Mobile: (318) 455-4416
Email: david@davidwvolentine.com
June 9, 2025
City of Shreveport
℅ Mr. Malcolm Stadtlander
Property Management Administrator
P.O. Box 31109
Shreveport, Louisiana 71115
RE: A real property appraisal analysis presented
in an appraisal report on the commercial
building located at 3830 Greenwood Road
in Shreveport, Louisiana.
Dear Mr. Stadtlander:
In accordance with your request, I have performed a real property appraisal analysis on the referenced property. This
appraisal report is intended to comply with the reporting requirements set forth under Standards Rules 2-1 and 2-2(a)
of the Uniform Standards of Professional Appraisal Practice.
The client is the City of Shreveport and the intended users of this report include Mr. Malcolm Stadtlander and
designated representatives with the City of Shreveport It may not be used or relied upon by any other party. Any party
who uses or relies upon any information in this report without the preparer's written consent does so at his own risk.
The appraisal report is included in the following pages. Upon review of this document, please feel free to contact me
if you have any questions or comments. Thank you for allowing my firm to be of service to you in this matter.
Sincerely yours,
DWV/kg
David W. Volentine, MAI
Louisiana Certified General Real Estate Appraiser
License No. G0028
TABLE OF CONTENTS
SECTION 1 - INTRODUCTION
CERTIFICATION................................................................................................................................................. 3
SUMMARY OF SALIENT FACTS AND CONCLUSIONS ..............................................................................4
LEGAL DESCRIPTION.......................................................................................................................................6
SCOPE OF WORK ...............................................................................................................................................7
MARKET VALUE DEFINITION........................................................................................................................9
INTENDED USE OF THIS APPRAISAL ...........................................................................................................9
CLIENT AND INTENDED USERS OF THIS APPRAISAL..............................................................................9
ASSUMPTIONS AND LIMITING CONDITIONS...........................................................................................10
PROFESSIONAL QUALIFICATIONS OF THE APPRAISER ........................................................................14
SECTION 2 - REGIONAL AND LOCAL AREA ANALYSIS
REGIONAL AND LOCAL AREA ANALYSIS................................................................................................20
LOCATION MAP...............................................................................................................................................22
SECTION 3 - DESCRIPTION OF THE SITE AND IMPROVEMENTS
DESCRIPTION OF THE SITE......................................................................................................................... 27
ASSESSOR'S PLAT ......................................................................................................................................... 29
FLOOD MAP .................................................................................................................................................... 30
ZONING MAP .................................................................................................................................................. 31
TAXES AND ASSESSMENTS........................................................................................................................ 32
DESCRIPTION OF THE IMPROVEMENTS.................................................................................................. 33
FLOOR SKETCH ............................................................................................................................................. 35
AERIAL PHOTOGRAPH ................................................................................................................................ 36
SUBJECT PROPERTY PHOTOGRAPHS....................................................................................................... 37
SECTION 4 - VALUATION OF SUBJECT PROPERTY
HIGHEST AND BEST USE – AS VACANT ....................................................................................................44
HIGHEST AND BEST USE – AS IMPROVED................................................................................................46
LAND VALUATION .........................................................................................................................................47
COST APPROACH ............................................................................................................................................55
INCOME APPROACH.......................................................................................................................................56
SALES COMPARISON APPROACH .............................................................................................................. 57
RECONCILIATION AND FINAL VALUE ESTIMATE ................................................................................ 70
#4825 / Former Fire Station #14
2
CERTIFICATION
I certify that, to the best of my knowledge and belief:
The statements of fact contained in this report are true and correct.
The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting
conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
I have no present or prospective interest in the property that is the subject of this report, and I have no personal
interest with respect to the parties involved.
I have not performed services, as an appraiser, regarding the property that is the subject of this report within
the three-year period immediately preceding acceptance of this assignment.
I have no bias with respect to the property that is the subject of this report or to the parties involved with this
assignment.
My engagement in this assignment was not contingent upon developing or reporting predetermined results.
My compensation for completing this assignment is not contingent upon the development or reporting of a
predetermined value or direction in value that favors the cause of the client, the amount of the value opinion,
the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended
use of this appraisal. My fee for completing this assignment was $3,500. The undersigned has not paid
inducements of any type in order to procure this assignment.
My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity
with the Uniform Standards of Professional Appraisal Practice.
David W. Volentine, MAI has made a personal interior and exterior visit to the property that is the subject of
this report.
No one provided significant real property appraisal assistance to the person signing this certification.
My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity
with the requirements of the Code of Professional Ethics, Standards of Valuation Practice and Standards of
Professional Appraisal Practice of the Appraisal Institute.
The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly
authorized representatives.
As of the date of this report, David W. Volentine, MAI, has completed the continuing education program for
Designated Members of the Appraisal Institute.
June 9, 2025
Date
David W. Volentine, MAI
Louisiana Certified General Real Estate Appraiser
License No. G0028
#4825 / Former Fire Station #14
3
SUMMARY OF SALIENT FACTS AND CONCLUSIONS
Type of Analysis:
Type of Report:
Client:
Intended User(s):
Transmittal Date:
Date of Property Visit:
Effective Date of Value:
Type of Value:
Interest Appraised:
Property Address:
Location:
Site Size:
Improvements:
Zoning:
Highest and Best Use:
As Vacant:
As Improved:
Exposure Period:
Real Property Appraisal Analysis
Appraisal Report
City of Shreveport
Mr. Malcolm Stadtlander and designated representatives with the City of
Shreveport
June 9, 2025
May 20, 2025
May 20, 2025
Market Value
Full Ownership, less minerals and subject to known easements, servitudes and
encroachments (aka Fee Simple)
3830 Greenwood Road
Shreveport, Louisiana
The subject property is located on the northwest side of Greenwood Road, east
of its intersection with Broadway Avenue.
12,016 Square Feet
0.276 Acres
The subject site is improved with a 3,871 square foot former fire station with
concrete parking and drives.
R-1-7; Single-Family Residential Zoning District
A low density commercial use or a residential use allowed by zoning.
Commercial building
If the subject property had been on the market preceding the date of value at a
price reasonably close to the value stated in this report, the expected exposure
period would have been 12 months or less. This is supported by my analysis of
the comparable sales in this report and my discussion of this type property listing
with knowledgeable real estate brokers.
This page summarizes the opportunity, including an overview and a preview of the attached documents.
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