Heated Flex Shop with Gated
For Sale
$275,000
115 ROYAL STREET, West Monroe, LA 71291
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
Zoning description
Commercial
Interior features
Skylight(s)
Lot features
Flood Zone/ I N S Req., Loc. in City Limits
Directions
North 7th. to Drago by Kilpatrick to Royal St.
Subdivision
161 WM City Central / Kiroli Park to I-20
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...
Legal 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 1:06PM
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.
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
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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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
