Warehouse with Office
For Sale
$1,300,000
1107 Oliver Rd, Monroe, LA 71201
Former auto dealership offering a 2,565 SF warehouse with 2,785 SF office space and five grade-level doors.
Property Size5,349 SF
Price / SF$243.04
Days on Market388
Property Features for 1107 Oliver Rd
General Information
Standard status
Active
Size
5,349 SF
Property subtype
Retail
Zoning
B-3
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
5
Listing Agency:
Lee & Associates
Listed By:
Will Watson · License #995701278-ACT
(318) 914-1576
Source:
Lacdb.resimplifi
Added: Aug 18, 2025
Changed: Sep 8
Last Checked: Aug 26 at 12:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates
Investment Insights
Based on property information with market context.
This property is a former auto dealership featuring a warehouse component and a dedicated office area. The building includes approximately 2,565 SF of warehouse space plus approximately 2,785 SF of office space, supported by five grade-level doors. The warehouse also has a 16' eave height, accommodating a range of storage and light distribution needs.
The property is presented for sale at 1107 Oliver Rd in Monroe, LA 71201.
With warehouse and office space in place and multiple overhead grade-level doors, the layout is set up for businesses needing both storage and on-site administrative space.
The property is presented for sale at 1107 Oliver Rd in Monroe, LA 71201.
With warehouse and office space in place and multiple overhead grade-level doors, the layout is set up for businesses needing both storage and on-site administrative space.
Key Highlights
- Former auto dealership with ±2,565 SF warehouse space
- Includes ±2,785 SF of office space
- Warehouse has 16' eave height
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
$46,061
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
3.54%
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%
$921,220
$921.2K
Cap Rate 7%
$658,014
$658.0K
Cap Rate 9%
$511,789
$511.8K
Market Conditions
NOI Build-Up for 5,349 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
$77.0K $14.40/SF
− Vacancy
−$6.2K −$1.15/SF
EGI
$70.9K $13.25/SF
− OpEx
−$24.8K −$4.64/SF
NOI
$46.1K $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%
$921,220
Cap Rate 7%
$658,014
Cap Rate 9%
$511,789
Alternative Uses
Best Use
Flex RnD
$658.0K
$575.8K – $767.7K
NOI $46,061 @ 7.0% cap · market cap 3.54%
Second Best
Warehouse
$450.4K
$394.1K – $525.5K
NOI $31,527 @ 7.0% cap · market cap 2.43%
Theoretical Best
Multifamily LT 5
$57.62M
$50.41M – $67.22M
NOI $4,033,114 @ 7.0% cap · market cap 310.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
5
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,175
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Former auto dealership offering a 2,565 SF warehouse with 2,785 SF office space and five grade-level doors.
Where is this flex space located?
The property is located at 1107 Oliver Rd Monroe, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Former auto dealership with ±2,565 SF warehouse space; Includes ±2,785 SF of office space; Warehouse has 16' eave height
