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

    2424 Old Sterlington Rd Monroe, LA 71203

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office space featuring multiple offices, conference rooms, and reception area.

    Property Features for 2424 Old Sterlington Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    JW Perry
    Source: Exprealty

    Listing Agency: Faulk & Foster Real Estate Services Listing Agent: JW Perry

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

    Learn more

    Overview

    Office Space Near ULM

    Located in University Plaza, this office space offers a functional layout. The property features five offices, two conference rooms that could alternatively serve as cubicle space, a break-room, and a reception area. Its location near ULM (University of Louisiana Monroe) may be advantageous for businesses or organizations affiliated with the university.
    Location Intelligence

    Current Use by Public Records

    Life Couch Portrait ... Photo Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.069554
    Latitude
    32.547136

    Nearby Similar for Sale

    • New
      $475,000

      Monroe Office/Warehouse Investment Opportunity

      Adaptable office/warehouse complex in Monroe, ideal for business or investment.
      2830 Breard St, Monroe, LA 71201
      View Details
    • $145,000
      0.26 Acres

      Monroe LA Duplex Investment Opportunity

      Income-producing duplex near ULM, offering flexibility for investors or owner-occupants.
      1202 Mcguire Ave, Monroe, LA 71203
      View Details
    • $57,500

      Renovated Property, Multiple Uses Possible

      Renovated property suitable for store, salon, daycare, or church.
      1408 2Nd St, Monroe, LA 71202
      View Details
    • $138,000
      8,720 SF

      Monroe Office and Warehouse Property

      Office and warehouse property on 0.47 acres in Monroe, LA.
      2801 Desiard St, Monroe, LA 71201
      View Details
    • $305,000
      10,000 SF

      Monroe Commercial Building For Sale

      Multi-use commercial property in downtown Monroe with business possibilities.
      1207 Griffon St, Monroe, LA 71203
      View Details
    • $2,742,000
      3,498 SF

      New b1BANK Relocation Site

      New construction b1BANK relocation site with drive-thru lanes.
      2271 Tower Dr, Monroe, LA 71201
      View Details
    • $2,943,972
      23,590 SF

      Dollar Tree Investment Opportunity

      NNN leased Dollar Tree in strong retail corridor.
      2100 Louisville Ave, Monroe, LA 71201
      View Details
    • Contact for pricing

      Refreshed Retail Space in Monroe

      2,478 SF retail space in established shopping destination.
      1821 Avenue Of America, Monroe, LA 71201
      View Details
    • Contact for pricing

      Historic Downtown Art Deco Office

      1921 Art Deco building with modern, functional office space.
      344 Desiard St, Monroe, LA 71201
      View Details
    • $1,659,000
      9,799 SF

      North Monroe Professional Office Building

      High-quality office building in a prime, visible North Monroe location.
      3995 Sterlington Rd, Monroe, LA 71203
      View Details
    • $121,500

      Versatile Commercial Building on Corner Lot

      Move-in-ready commercial building suitable for retail, office, or light industrial.
      2630 Desiard St, Monroe, LA 71201
      View Details
    • Contact for pricing

      Class-A Executive Office Space

      3,000 SF Class-A executive office suite in Monroe's Business District.
      1881 Hudson Cir, Monroe, LA 71201
      View Details

    FAQs

    What type of property is this?
    Office space - Office space featuring multiple offices, conference rooms, and reception area.
    Where is this office space located?
    The property is located at 2424 Old Sterlington Rd Monroe, LA.
    What is the asking price?
    The asking price for this property is $2,011.
    What are key features of this property?
    This property features: - Located in University Plaza.; - Near ULM (University of Louisiana at Monroe).; - Features **5 offices**.
    (318) 381-0301
    Request Owner's contact information
    2424 Old Sterlington Rd Monroe, LA 71203
    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.
    2424 Old Sterlington Rd
    Monroe, LA 71203
    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
    2424 Old Sterlington Rd Monroe, LA 71203
    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
    (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.