Renovated Flex
For Sale
$669,900
2501 NEWCOMBE STREET, Monroe, LA 71201
COMMERCIAL/INDUSTRIAL, Monroe, LA
Property Size4,800 SF
Lot Size0.22 Acres
Price / SF$139.56
Days on Market87
Property Features for 2501 NEWCOMBE STREET
General Information
Property type
Residential
Property subtype
Office
Zoning description
B3
Rooms
Kitchen
Lot features
Loc. in City Limits
Directions
Louisville headed west to left on Newcombe street beside Lee Edwards Mazda.
Subdivision
111 Central Monroe & Business District
Standard status
Active
APN
65399
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
Lot 1 of thibodeaux-Berry Sub in Sec. 74,T18N, R4E
Legal Description
Lot 1 of thibodeaux-Berry Sub in Sec. 74,T18N, R4E
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
kitchen
conference room
Building Details
Building materials
Brick Veneer, Metal
Roof type
Metal
Listing Agency:
Keller Williams Parishwide Partners · Keller Williams Realty
(318) 812-7653
Listed By:
Shane Wooten · License #492880631
(318) 348-1943
Added: Jun 15
Changed: Aug 20
Last Checked: Sep 9 at 9:06PM
MLS# 219759
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.
This flex-space property combines renovated office improvements with dedicated warehouse and storage functionality. The building includes 9 private offices, 2 kitchens, and 2 conference rooms, with LED lighting, central HVAC, vinyl plank flooring, carpeted office areas, and drywall interiors. Its exterior uses brick veneer and metal construction, complemented by a metal roof and central air conditioning.
Located at 2501 Newcombe Street in Monroe, the property sits just off Louisville Avenue and includes a fully paved parking area on a 0.22-acre lot. The building was updated in 2024, providing a contemporary office environment alongside practical support space for commercial operations.
Located at 2501 Newcombe Street in Monroe, the property sits just off Louisville Avenue and includes a fully paved parking area on a 0.22-acre lot. The building was updated in 2024, providing a contemporary office environment alongside practical support space for commercial operations.
Key Highlights
- Renovated in 2024 with LED lighting, central HVAC, vinyl plank flooring, carpeted offices, and drywall interiors
- 9 private offices, 2 kitchens, and 2 conference rooms
- Office and warehouse/storage configuration within a flex‑space property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,334
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$826,680
$826.7K
Cap Rate 7%
$590,486
$590.5K
Cap Rate 9%
$459,267
$459.3K
Market Conditions
NOI Build-Up for 4,800 SF
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.
Gross rent
$69.1K $14.40/SF
− Vacancy
−$5.5K −$1.15/SF
EGI
$63.6K $13.25/SF
− OpEx
−$22.3K −$4.64/SF
NOI
$41.3K $8.61/SF
Area
Ouachita County, LA
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$826,680
Cap Rate 7%
$590,486
Cap Rate 9%
$459,267
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,556 @ 7.0% cap · market cap 21.58%
Second Best
Flex RnD
$590.5K
$516.7K – $688.9K
NOI $41,334 @ 7.0% cap · market cap 6.17%
Theoretical Best
Multifamily LT 5
$51.70M
$45.24M – $60.32M
NOI $3,619,172 @ 7.0% cap · market cap 540.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71201, LA
21,565
Population
10,352
Households
2.1
Avg Household Size
39
Median Age
43%
College-Educated
92%
High-School Grad
14.9 sq mi
ZIP Area
1,447
Density / Sq Mi
$53,538
Median Household Income
$44,262
Median Earnings
$882
Median Rent
$247,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Updated office and warehouse configuration with paved parking, central HVAC, and multiple private work areas.
Where is this flex space located?
The property is located at 2501 NEWCOMBE STREET Monroe, LA.
What is the asking price?
The asking price for this property is $669,900.
What are key features of this property?
This property features: Renovated in 2024 with LED lighting, central HVAC, vinyl plank flooring, carpeted offices, and drywall interiors; 9 private offices, 2 kitchens, and 2 conference rooms; Office and warehouse/storage configuration within a flex‑space property
