Heated Flex Shop 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 Market126
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 29
Last Checked: Jul 30 at 8:06AM
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.
This versatile 4,260 sq ft shop includes approximately 3,000 sq ft of heated and cooled workspace with central HVAC, plus an additional 1,260 sq ft under roof. The interior is set up with a dedicated office space that features a built-in desk and cabinetry, along with extensive wall-to-wall shelving for storage. Additional improvements include an automatic roll-up door, two entry/exit doors, skylight panels for natural light, and installed air compressor lines throughout, complemented by a bathroom with a utility sink and a panic/safe room.
The exterior is fully fenced and gated, providing controlled access for vehicle work, equipment storage, or covered workspace needs. The property is located at 115 Royal Street in West Monroe, Louisiana 71291.
A buyer will find a prepared, move-in-ready layout designed for functional workshop use, with both enclosed climate-controlled area and covered space for additional operational flexibility.
The exterior is fully fenced and gated, providing controlled access for vehicle work, equipment storage, or covered workspace needs. The property is located at 115 Royal Street in West Monroe, Louisiana 71291.
A buyer will find a prepared, move-in-ready layout designed for functional workshop use, with both enclosed climate-controlled area and covered space for additional operational flexibility.
Key Highlights
- 4,260 SF shop in West Monroe with approx. 3,000 heated and cooled SF plus an additional 1,260 SF under roof
- Central air and natural gas heating, with skylights and metal roof for a bright, comfortable work area
- Fully fenced, gated yard with a roll‑up door and two entry/exit doors for vehicle and equipment access
Financial Insights For Industrial
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 | $33.2k | $7.80 |
| − Vacancy | −$2.5k | −$0.59 |
| EGI | $30.7k | $7.22 |
| − OpEx | −$9.2k | −$2.16 |
| NOI | $21.5k | $5.05 |
4,260 SF · lease $7.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $116,898 @ 7.0% cap · market cap 42.51%
Second Best
Flex RnD
$524.1K
$458.6K – $611.4K
NOI $36,684 @ 7.0% cap · market cap 13.34%
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - 4,260 sq ft shop with heated and cooled workspace, fenced gated yard, office, and roll-up door access.
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 shop in West Monroe with approx. 3,000 heated and cooled SF plus an additional 1,260 SF under roof; Central air and natural gas heating, with skylights and metal roof for a bright, comfortable work area; Fully fenced, gated yard with a roll‑up door and two entry/exit doors for vehicle and equipment access
