Heated-Cooled Workshop with Gated
115 ROYAL STREET West Monroe, LA 71291
For Sale
$275,000
COMMERCIAL - West Monroe, LA
Property Size4,260 SF
Lot Size0.15 Acres
Price / SF$64.55
Days on Market121
Property Features for 115 ROYAL STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Interior features
- Skylight(s)
- Standard status
- Active
- APN
- 112801
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- 0144 AC IN LOTS 29 & 30 OF ORIGINAL WEST MONROE COMMERCIAL CENTER...
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Building materials
- Metal
- Roof type
- Metal
Listing Agency:
Vanguard Realty
(318) 855-2925
Listed By:
Shelly Witherington
(318) 355-8447
Added: Mar 27
Changed: Jul 16
Last Checked: Jul 25 at 3:06PM
MLS# 218663
Copyright © 2026 Northeast Louisiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale is a versatile flex/warehouse shop with heated and cooled interior space and additional under-roof area. The property includes a dedicated office with a built-in desk and cabinetry, along with extensive wall-to-wall shelving for organized storage. Access is provided by an automatic roll-up door plus two entry/exit doors, and the interior is supported by central HVAC. Supplemental features include skylight panels for natural light, installed air compressor lines, and a bathroom with a utility sink.
Outside, the yard is fully fenced and gated, creating a secure area for covered parking, equipment storage, or outdoor work. The building includes panic/safe room space, and there is a custom interior cypress bar that adds a distinctive finishing touch.
The space totals 4,260 square feet, with approximately 3,000 square feet heated and cooled and an additional 1,260 square feet under roof. The lot size is 0.15 acres.
Outside, the yard is fully fenced and gated, creating a secure area for covered parking, equipment storage, or outdoor work. The building includes panic/safe room space, and there is a custom interior cypress bar that adds a distinctive finishing touch.
The space totals 4,260 square feet, with approximately 3,000 square feet heated and cooled and an additional 1,260 square feet under roof. The lot size is 0.15 acres.
Key Highlights
- 4,260 SF metal shop in West Monroe with approx. 3,000 SF heated and cooled plus 1,260 SF under roof
- Central HVAC and natural gas heating; roof and construction are metal
- Fully fenced, gated yard for secure equipment or vehicle work
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $7.44 |
| − Vacancy | −$2.2k | −$0.51 |
| EGI | $29.5k | $6.93 |
| − OpEx | −$4.4k | −$1.04 |
| NOI | $25.1k | $5.89 |
4,260 SF · lease $7.44/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$524.1K
$458.6K – $611.4K
NOI $36,684 @ 7.0% cap · market cap 13.34%
Second Best
Warehouse
$358.7K
$313.9K – $418.5K
NOI $25,108 @ 7.0% cap · market cap 9.13%
Theoretical Best
Multifamily LT 5
$45.89M
$40.15M – $53.53M
NOI $3,212,015 @ 7.0% cap · market cap 1,168.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hci Limited Partnership
Law Firm
FAQs
What type of property is this?
Flex space - Flex/warehouse shop includes heated and cooled workspace, office buildout, and a fully fenced, gated yard.
Where is this flex space located?
The property is located at 115 ROYAL STREET West Monroe, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 4,260 SF metal shop in West Monroe with approx. 3,000 SF heated and cooled plus 1,260 SF under roof; Central HVAC and natural gas heating; roof and construction are metal; Fully fenced, gated yard for secure equipment or vehicle work
