Project Information

Bid Title

IFB 25-069 Sale of Surplus Immovable Property - Formerly Fire Station #14 - 3830 Greenwood Rd.

Issuing Agency

City of Shreveport

Location

Louisiana

Published Date

Nov 3, 2025

Closing Date

Dec 4, 2025

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

IFB 25-069 Sale of Surplus Immovable Property - Formerly Fire Station #14 - 3830 Greenwood Rd.

Bid Documents

1. Appraisal on Former Fire Station 14
2. IFB 25-069 Sale of Surplus Immovable Property - Formerly FS 14 - Located at 3830 Greenwood Rd
3. Ord 99

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.

Commodity Codes

• NAICS 236220Commercial and Institutional Building Construction

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