Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    New b1BANK Relocation Site Title is generated by Realmo AI

    2271 Tower Dr, Monroe, LA

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    New construction b1BANK relocation site with drive-thru lanes.

    Type:OFFICE
    Property size:
    3,498 SF
    Lot size:
    1.28 Acres
    Price / SF:
    $783/SF
    Added:
    Apr 9, 2025
    Days on Market:
    422
    Last Refresh:
    May 20 at 9:29 pm

    Property Features for 2271 Tower Dr

    General Information

    Standard status
    Active
    Size
    3,498 SF
    Lot size
    1.28 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Maurycy Filecki
    Maurycy Filecki

    Listing agent Maurycy Filecki

    Listing office Sands Investment Group (SIG) | Chicago

    Listing date Apr 9, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Chicago

    HighLights

    • Corporate guaranteed lease by Business First Bancshares (NASDAQ: BFST) with strong financials.
    • Long‑term net lease with over 8 years remaining and 1.2% annual rent increases.
    • Strategic relocation site shadow‑anchored by a top‑performing Walmart.
    • New 2023 build‑to‑suit construction with state‑of‑the‑art design and Class A construction.
    • Features three drive‑thru lanes to accommodate client banking needs.
    • Located in a strong submarket with surrounding new construction homes and proximity to multiple banks and national retailers.

    Overview

    This property is a b1BANK NN+ asset located in Monroe, Louisiana. The corporate guaranteed lease extends for 10 years and includes two 5-year options, with 1.2% rental increases annually throughout the initial term and option periods. This site represents a strategic relocation for b1BANK, benefiting from a Walmart shadow anchor, which is a top-performing Walmart in Louisiana. The property is a 2023 build-to-suit b1BANK relocation site featuring a state-of-the-art design and Class A construction, along with three drive-thru lanes. The lease is corporately guaranteed by Business First Bancshares (NASDAQ: BFST), with $250 million in revenue in 2024 and a market cap of over $824 million. The net lease has over 8 years remaining, featuring 1.2% rent increases annually. Six banks are positioned within 1/2 mile of the subject property, demonstrating the strategic nature of the site for b1BANK. Surrounding new construction homes highlight the strength of the immediate submarket. This property is shadow-anchored by a top-performing Walmart, ranking in the 77th percentile in Louisiana and the 60th percentile nationwide, according to Placer.AI. Nearby national retailers include Walmart Supercenter, Raising Cane’s, Starbucks, AutoZone, O’Reilly Auto Parts, McDonald’s, Planet Fitness, Whataburger, and Harbor Freight, among others. The property size is 3498 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    b1BANK Bank

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.1009
    Latitude
    32.5268

    Nearby Similar for Sale

    • $138,000
      8,720 SF

      Monroe Office and Warehouse Property

      Office and warehouse property on 0.47 acres in Monroe, LA.
      2801 Desiard Street, Monroe, LA 71201
      View Details
    • $700,000
      14,000 SF

      Historic Retail Building in Monroe

      14,000 SF historic building in the Riverside Monroe Cultural District.
      510 Walnut, Monroe, LA 71201
      View Details
    • $100,000

      Office/Warehouse Flex Building

      Auction July 13-15, 2026: adaptable office and warehouse building with multiple entrances and parking for varied business uses.
      2830 BREARD STREET, 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
      View Details
    • $2,596,000

      Two-Tenant Retail Outparcel Building

      Multi-tenant retail building anchored near major box retailers with proven specialty apparel and formalwear demand.
      4301 Pecanland Mall Drive, Suites A & B, Monroe, LA 71203
      View Details
    • $145,000

      Monroe LA Duplex Investment Opportunity

      Income-producing duplex near ULM, offering investment or owner-occupancy potential.
      1202 MCGUIRE AVENUE, Monroe, LA 71203
      View Details
    • $1,000,000
      2,590 SF

      Jiffy Lube Investment Opportunity

      NNN Jiffy Lube in Monroe, LA with long-term tenant.
      2602 Ferrand St, Monroe, LA 71201
      View Details
    • $47,500

      Flexible Retail and Community Building

      Renovated storefront with multiple rooms and bathroom facilities, well suited for retail, salon, daycare, or religious use.
      1408 SECOND STREET, Monroe, LA 71202
      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
      View Details
    • $2,761,500
      9,372 SF

      Retail Property in Prime Location

      Two-tenant retail space in Monroe's commercial district.
      4301 Pecanland Mall Dr, Monroe, LA 71203
      View Details
    • $1,250,000
      22,224 SF

      Versatile Warehouse with Rail Access

      20,496 SF warehouse with office space and rail access.
      2920 COMMERCE ST, MONROE, LA
      View Details
    • $1,300,000
      5 SF

      Monroe Flex Space with Warehouse

      Flex space with office and warehouse on 1.34 acres.
      1107 Oliver Rd | Monroe, LA 71201, LA 71201
      View Details

    FAQs

    What type of property is this?
    Bank - New construction b1BANK relocation site with drive-thru lanes.
    Where is this bank located?
    The property is located at 2271 Tower Dr Monroe, LA.
    What is the asking price?
    The asking price for this property is $2,742,000.
    What are key features of this property?
    This property features: Corporate guaranteed lease by Business First Bancshares (NASDAQ: BFST) with strong financials.; Long‑term net lease with over 8 years remaining and 1.2% annual rent increases.; Strategic relocation site shadow‑anchored by a top‑performing Walmart.
    (844) 474-4666 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Maurycy Filecki
    Maurycy Filecki
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2271 Tower Dr, Monroe, LA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!