Two-Lot Storefront
New
For Sale
Contact for pricing
1208 S 2nd Street, Monroe, LA 71203
The 1,560-square-foot building sits on two lots near I-20.
Property Size1,560 SF
Price / SF$2.24
Days on Market4
Property Features for 1208 S 2nd Street
General Information
Standard status
Active
Size
1,560 SF
Additional Details
Highway Access
Yes
Listing Agency:
Keller Williams Parishwide Partners
Listed By:
Rachel Verucchi · License #0995688297
(318) 235-5602
Source:
Exprealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:10PM
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 Keller Williams Parishwide Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property comprises a 1,560-square-foot building situated on two lots. The property is located minutes from I-20.
The site is at 1208 S 2nd Street in Monroe, Louisiana.
The site is at 1208 S 2nd Street in Monroe, Louisiana.
Key Highlights
- 1,560‑square‑foot storefront building
- Property occupies two lots
- Minutes from I‑20
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,808
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,160
$856.2K
Cap Rate 7%
$611,543
$611.5K
Cap Rate 9%
$475,644
$475.6K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$63.8K $40.92/SF
− Vacancy
−$2.7K −$1.72/SF
EGI
$61.2K $39.20/SF
− OpEx
−$18.3K −$11.76/SF
NOI
$42.8K $27.44/SF
Area
Ouachita County, LA
Vacancy
4.20%
Lease Rate
$40.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,160
Cap Rate 7%
$611,543
Cap Rate 9%
$475,644
Alternative Uses
Best Use
Retail
$611.5K
$535.1K – $713.5K
NOI $42,808 @ 7.0% cap · market cap 1,223.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.80M
$14.70M – $19.60M
NOI $1,176,231 @ 7.0% cap · market cap 33,606.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
76
Shops & Services
11,962 visits/mo
0.4 miles
Shell
Shops & Services
4,059 visits/mo
0.4 miles
Chase Bank
Shops & Services
2,599 visits/mo
0.5 miles
Demographics for 71203, LA
37,438
Population
17,178
Households
2.2
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
118.5 sq mi
ZIP Area
316
Density / Sq Mi
$46,822
Median Household Income
$35,630
Median Earnings
$987
Median Rent
$181,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - The 1,560-square-foot building sits on two lots near I-20.
Where is this storefront property located?
The property is located at 1208 S 2nd Street Monroe, LA.
What are key features of this property?
This property features: 1,560‑square‑foot storefront building; Property occupies two lots; Minutes from I‑20
