Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    510 Walnut St Monroe, LA 71201

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,900 /Mo ($3 SF/Yr)

    Retail, warehouse, and office space available in Downtown Monroe.

    Property size:
    15,000 SF
    Lot size:
    15,000 SF

    Property Features for 510 Walnut St

    General Information

    Size
    15,000 SF

    Building Details

    Year built
    1927

    We can help!

    Listing Contact
    Jw Perry
    Source: Naiglobal

    Listing Agent: Jw Perry

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

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property in Downtown Monroe

    This property offers a combination of retail, warehouse, and office spaces within a single building. A large parking lot provides ample parking for both customers and employees. Located in the growing Downtown Monroe area, the property is situated on the corner of Pine Street and Walnut Street, across from the Warehouse Restaurant. Walnut Street serves as one of the main thoroughfares for the downtown area. The owners are currently redeveloping the property to accommodate the needs of multiple tenants. The property has a size of 15000 square feet. The pricing reflects the property in its current condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.120693
    Latitude
    32.505665

    Nearby Similar for Lease

    • $3,975 /Mo
      4,800 SF

      Monroe Office Space For Lease

      Office space with modern amenities and flexible floor plans for lease.
      3201 Armand Connector, Monroe, LA 71201
      View Details
    • $3,302 /Mo
      58,671 SF

      Forsythe Avenue Retail Opportunity

      Prime retail location in a high-traffic commercial corridor.
      1816 Forsythe Ave, Monroe, LA 71201
      View Details
    • $2,800 /Mo
      2,478 SF

      Retail Space in Thriving Center

      Turnkey retail opportunity with high visibility and strong co-tenancy.
      1821 Avenue Of America, Monroe, LA 71201
      View Details
    • $1,640 /Mo
      253,410 SF

      Mixed-Use Retail and Office Property

      Mixed-use development in a high-traffic location with retail and office.
      1008 Oliver Rd, Monroe, LA 71201
      View Details
    • $2,100 /Mo
      1,526 SF

      Modern Office Space in Monroe

      Adaptable office space in a prime Monroe business hub.
      1801 Auburn Ave, Monroe, LA 71201
      View Details
    • $12 SF/Yr
      10,633 SF

      Monroe Office Space For Lease

      10,633± SF office space with customizable layout.
      Tower Dr, Monroe, LA 71201
      View Details
    • $12 SF/Yr
      6,584 SF

      Renovated Office Space for Lease

      6,584 SF office building with customizable space in Monroe, LA.
      1807 Tower Dr, Monroe, LA 71201
      View Details
    • $375,000
      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
    • $2,850 /Mo
      1,425 SF

      Retail Space on Louisville Avenue

      Commercial/Retail space for lease with high traffic exposure.
      2880 Louisville Ave, Monroe, LA 71201
      View Details
    • $6,000 /Mo
      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
    • $5 SF/Yr
      6,249 SF

      Monroe Office Space Solutions

      Flexible Workspaces in Monroe, LA
      201 Victory Blvd, Monroe, LA 71203
      View Details
    • $1,100 /Mo
      1,440 SF

      High-Visibility Retail Space on Louisville

      Versatile retail space with high traffic exposure in Monroe, LA.
      3211 Louisville Ave, Monroe, LA 71201
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail, warehouse, and office space available in Downtown Monroe.
    Where is this retail space located?
    The property is located at 510 Walnut St Monroe, LA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - Retail, warehouse, and office space all in one property.; - Large parking lot for customers and employees.; - Located in the growing Downtown Monroe.
    (318) 381-0301
    Request Owner's contact information
    510 Walnut St Monroe, LA 71201
    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.
    510 Walnut St
    Monroe, LA 71201
    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
    510 Walnut St Monroe, LA 71201
    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
    (318) 381-0301
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.