Grocery and Convenience Store with
For Sale
$1,500,000
4547 CYPRESS STREET, West Monroe, LA 71291
COMMERCIAL/INDUSTRIAL, West Monroe, LA
Property Size6,768 SF
Price / SF$221.63
Days on Market475
Property Features for 4547 CYPRESS STREET
General Information
Property type
Residential
Property subtype
Retail
Rooms
Office
Interior features
Private Bathrooms, Telephone System
Lot features
Seller Will Divide
Subdivision
161 WM City Central / Kiroli Park to I-20
Standard status
Active
APN
88181
Taxes and HOA fees
Tax Description
LOT BEG 292 FT W OF SE COR NE4OF SE4 SEC 29 T 18 NR 3E, W 200FT, DEPTH NO TO HWY 80-SOLD HWY PARCEL 2-1 BK 2168-657CONT 0.077 AC R122652-**ERROR IN LE
Legal Description
LOT BEG 292 FT W OF SE COR NE4OF SE4 SEC 29 T 18 NR 3E, W 200FT, DEPTH NO TO HWY 80-SOLD HWY PARCEL 2-1 BK 2168-657CONT 0.077 AC R122652-**ERROR IN LE
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Building materials
Metal
Roof type
Metal
Listing Agency:
French Realty, LLC
(318) 372-6908
Listed By:
Shemeka Jackson · License #0995699263
(318) 237-2799
Added: May 22, 2025
Changed: Sep 2
Last Checked: Sep 8 at 6:06PM
MLS# 214791
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 6,768-square-foot commercial property is configured as a hardware store with an apartment located on the upper level. The building includes office space, private bathrooms, and a telephone system. Metal construction and a metal roof support the overall building design, while central heating and central air provide climate control.
Situated at 4547 Cypress Street in West Monroe, Louisiana, the property is identified in the 71291 postal area. The existing layout combines retail-oriented commercial space with an upstairs residential component, offering a distinct configuration for an owner-user or purchaser evaluating the current operation and building improvements.
Situated at 4547 Cypress Street in West Monroe, Louisiana, the property is identified in the 71291 postal area. The existing layout combines retail-oriented commercial space with an upstairs residential component, offering a distinct configuration for an owner-user or purchaser evaluating the current operation and building improvements.
Key Highlights
- 6,768‑square‑foot commercial building
- Upstairs apartment included in the building
- Existing hardware store configuration
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
$86,434
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
5.76%
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%
$1,728,680
$1.7M
Cap Rate 7%
$1,234,771
$1.2M
Cap Rate 9%
$960,378
$960.4K
Market Conditions
NOI Build-Up for 6,768 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
$121.8K $18.00/SF
− Vacancy
−$6.6K −$0.97/SF
EGI
$115.2K $17.03/SF
− OpEx
−$28.8K −$4.26/SF
NOI
$86.4K $12.77/SF
Area
Ouachita County, LA
Vacancy
5.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,728,680
Cap Rate 7%
$1,234,771
Cap Rate 9%
$960,378
Alternative Uses
Best Use
Retail
$2.65M
$2.32M – $3.10M
NOI $185,720 @ 7.0% cap · market cap 12.38%
Second Best
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,434 @ 7.0% cap · market cap 5.76%
Theoretical Best
Multifamily LT 5
$72.90M
$63.79M – $85.05M
NOI $5,103,032 @ 7.0% cap · market cap 340.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 42%
Dining 32%
Hotels & Casinos 26%
Tractor Supply Co.
Home Improvements & Furnishings
20,770 visits/mo
0.5 miles
Wendy's
Dining
13,372 visits/mo
0.5 miles
Hilton Garden Inn
Hotels & Casinos
5,073 visits/mo
0.5 miles
Home2 Suites by Hilton West Monroe
Hotels & Casinos
3,106 visits/mo
0.4 miles
Holiday Inn Express & Suites West Monroe
Hotels & Casinos
2,755 visits/mo
0.5 miles
Demographics for 71291, LA
34,670
Population
15,290
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
91%
High-School Grad
65.5 sq mi
ZIP Area
529
Density / Sq Mi
$69,012
Median Household Income
$46,127
Median Earnings
$974
Median Rent
$219,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Walmart Neighborhood Market — 5251 Cypress St, West Monroe, LA 71291
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established commercial property with an upstairs apartment, office area, central HVAC, and private bathrooms.
Where is this grocery and convenience store located?
The property is located at 4547 CYPRESS STREET West Monroe, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,768‑square‑foot commercial building; Upstairs apartment included in the building; Existing hardware store configuration
