Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    1807 Tower Dr Monroe, LA 71201

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr ($6,584 /Mo)

    6,584 SF office building with customizable space in Monroe, LA.

    Property size:
    6,584 SF
    Lot size:
    0.33 Acres

    Property Features for 1807 Tower Dr

    General Information

    Size
    6,584 SF
    Lot size
    0.33 Acres

    We can help!

    Listing Contact
    Jennifer Causey
    Jennifer Causey
    Source: Moodyscre

    Listing Agent: Jennifer Causey

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

    Learn more

    Overview

    Renovated Office Space for Lease

    This 6,584± SF office building at 1807 Tower Drive is available for lease. Located in the heart of Monroe’s business and financial district, just behind Commercial Capital Bank, the property is currently undergoing renovation, offering the opportunity to customize the space with selected colors, flooring, and finishes. The building features multiple private offices, a conference room, a kitchen/break area, and large open work stations. It also includes three restrooms, extra storage rooms, a covered patio area, and multiple entry points designed for flexible flow and operations. There are 25 on-site parking spaces available. The current layout offers the potential to be subdivided into two suites: Suite A with 3,036± SF or Suite B with 3,548± SF. Tenant improvements are negotiable per approved end-use. An adjacent 10,633 SF space at 1809 Tower Drive is also available for lease. A new roof is scheduled for Fall 2025.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.112023
    Latitude
    32.525466

    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
    • $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
    • Contact for pricing
      30,000 SF

      Retro Style Office Space

      Move-in ready office space with keyless access and janitorial.
      1811 Auburn Ave, Monroe, LA 71201
      View Details

    FAQs

    What type of property is this?
    Office building - 6,584 SF office building with customizable space in Monroe, LA.
    Where is this office building located?
    The property is located at 1807 Tower Dr Monroe, LA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Opportunity to **customize office space** with choice of colors, flooring, and finishes during renovation.; - Located in the heart of Monroe’s business and financial district.; - 6,584± SF office building with flexible layout, potentially divisible into two suites.
    (318) 261-0892
    Request Owner's contact information
    1807 Tower Dr 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.
    1807 Tower Dr
    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
    1807 Tower Dr 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
    Jennifer Causey
    Jennifer Causey
    Real Estate License ID: 995693195
    (318) 261-0892
    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.