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    804-806 Splane Dr West Monroe, LA 71291

    For Sale
    $375,000

    Commercial site near high-density intersection, ideal for multifamily development.

    Lot size:
    2.10 Acres

    Property Features for 804-806 Splane Dr

    General Information

    Lot size
    2.10 Acres

    Source: John Rea Realty Agent Jennifer Causey

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

    Overview

    2.1 Acre Commercial Site

    This is a rare opportunity to acquire a 2.1-acre commercial site located just one block from the Thomas Road/Cypress Street intersection in West Monroe. This intersection is known as one of the highest density intersections in the area. The majority of the site is currently zoned B-3, with a smaller tract zoned B-1. Permitted uses and those requiring planning approval are detailed in the West Monroe Municipal Code. The location is particularly well-suited for multifamily development. There is a 2,211 square foot house on the property with a roof installed in 2017, but no value is given to the existing improvements. The current structure could potentially be repurposed for a management office or clubhouse. All utilities are available on site. Neighboring businesses include Sunshine Heights Shopping Center, Walgreens Pharmacy, Podhub's BBQ, Newk's, Burger King, The Wellness Center, various apartments, and churches.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.158226
    Latitude
    32.518738

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    FAQs

    What type of property is this?
    Commercial land - Commercial site near high-density intersection, ideal for multifamily development.
    Where is this commercial land located?
    The property is located at 804-806 Splane Dr West Monroe, LA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - 2.1 Acre commercial site zoned B-3 and B-1.; - Prime location: just 1 block from the Thomas Road/Cypress Street intersection.; - Ideal for MultiFamily Development.
    (318) 261-0892
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    Realmo Value Estimation

    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.

    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.

    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
    804-806 Splane Dr West Monroe, LA 71291
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