Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3650 Millhaven Rd Monroe, LA 71203

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    55,000 SF retail property, renovated in 2015, Monroe, LA.

    Property size:
    55,000 SF

    Property Features for 3650 Millhaven Rd

    General Information

    Size
    55,000 SF

    Building Details

    Year built
    2002

    We can help!

    Listing Contact
    Jw Perry
    Source: Naiglobal

    Listing Agency: Faulk & Foster Real Estate Services Listing Agent: Jw Perry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Property in Prime Location

    Located in Monroe, LA, this 55,000 SF property presents an investment opportunity. Constructed in 2002 and renovated in 2015, it is suited for a Retail/Power Center investor. The property benefits from I-20 visibility and access. The building includes approximately 50,000 SF on the first floor and an additional approximately 5,000 SF of office space on the second floor. The location provides access to shopping destinations, dining options, and entertainment venues. Proximity to I-20 facilitates access for local and out-of-town visitors. Nearby attractions include Pecanland Mall, the University of Louisiana Monroe, and the Louisiana Purchase Gardens and Zoo. The area features major retailers and a consumer base. There are use restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conn's HomePlus Electronics & Wireless Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Skin Care Clinic Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.072539
    Latitude
    32.50011

    Nearby Similar for Sale

    • $475,000

      Monroe Office/Warehouse Investment Opportunity

      Adaptable office/warehouse complex in Monroe, ideal for business or investment.
      2830 Breard St, Monroe, LA 71201
      View Details
    • $138,000
      8,720 SF

      Monroe Office and Warehouse Property

      Office and warehouse property on 0.47 acres in Monroe, LA.
      2801 Desiard St, Monroe, LA 71201
      View Details
    • $49,900

      Renovated Commercial Space, Monroe, LA

      Renovated commercial space suitable for multiple business types.
      1408 2Nd St, Monroe, LA 71202
      View Details
    • $145,000
      0.26 Acres

      Monroe LA Duplex Investment Opportunity

      Income-producing duplex near ULM, offering investment or owner-occupancy potential.
      1202 Mcguire Ave, Monroe, LA 71203
      View Details
    • $700,000

      Historic Retail Building in Monroe

      14,000 SF historic building in the Riverside Monroe Cultural District.
      510 Walnut St, Monroe, LA 71201
      View Details
    • $6,825,000
      9,070 SF

      Retail Space in Danville Plaza

      9,070 SF retail space available for lease.
      1900-2010 Louisville Ave, Monroe, LA 71201
      View Details
    • Contact for pricing

      Retail Space on Pecanland Mall

      High-visibility retail space near Interstate 20 and Pecanland Mall.
      4351 Pecanland Mall Dr, Monroe, LA 71203
      View Details
    • $121,500

      Versatile Commercial Building on Corner Lot

      Move-in-ready commercial building suitable for retail, office, or light industrial.
      2630 Desiard St, Monroe, LA 71201
      View Details
    • $1,659,000
      9,799 SF

      North Monroe Professional Office Building

      High-quality office building in a prime, visible North Monroe location.
      3995 Sterlington Rd, Monroe, LA 71203
      View Details
    • $295,000
      12,000 SF

      Versatile Warehouse with Fenced Perimeter

      12,000 SF warehouse with flexible office build-out options.
      1933 Winnsboro Rd, Monroe, LA 71202
      View Details
    • $1,300,000

      Monroe Flex Space with Warehouse

      Flex space with office and warehouse on 1.34 acres.
      1107 Oliver Rd, Monroe, LA 71201
      View Details
    • $349,000
      5,976 SF

      Prime Monroe Mixed-Use Property

      Six-unit commercial building, vacant, great location.
      2701 Oliver Rd, Monroe, LA 71201
      View Details

    FAQs

    What type of property is this?
    Shopping mall - 55,000 SF retail property, renovated in 2015, Monroe, LA.
    Where is this shopping mall located?
    The property is located at 3650 Millhaven Rd Monroe, LA.
    What are key features of this property?
    This property features: - Prime location with I-20 visibility and access.; - Substantial 55,000 SF property ideal for Retail/Power Center.; - Renovated in 2015, offering a modern and updated space.
    (318) 381-0301
    Request Owner's contact information
    3650 Millhaven Rd Monroe, LA 71203
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3650 Millhaven Rd
    Monroe, LA 71203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3650 Millhaven Rd Monroe, LA 71203
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jw Perry
    Real Estate License ID: 0995683525
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!