Two-Warehouse Industrial
8676 Millhaven Road Monroe Monroe, LA 71203
8676 Millhaven Road Monroe, Monroe, LA, 71203
$1,699,000
For Sale
$1,699,000
Industrial tract with blacktop road frontage and two warehouses plus a small office.
Property Size16,836 SF
Price / SF$100.91
Days on Market12
Property Features for 8676 Millhaven Road Monroe
General Information
- Standard status
- Active
- Size
- 16,836 SF
- Property subtype
- Land
Listing agency
eXp Realty, LLC
(318) 680-9141
Listed by
John Howard
(318) 680-9141
Source
Johnhoward.exprealty
Added: Jul 10 Updated: Jul 11 at 3:42AM Checked: Jul 21 at 3:23AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This sale offering includes a tract with blacktop road frontage and an industrial configuration of two warehouses and a small office. The overall building size is listed at 1,128 square feet, with Warehouse #1 identified at 9,180 square feet and Warehouse #2 identified at 6,528 square feet.
The property fronts I-20 as well as Millhaven Road and Wagon Wheel Road. The public remarks note the site as having multiple development options.
The warehouse-and-office layout provides space for industrial storage or related uses within a single tract featuring multiple warehouse sizes.
The property fronts I-20 as well as Millhaven Road and Wagon Wheel Road. The public remarks note the site as having multiple development options.
The warehouse-and-office layout provides space for industrial storage or related uses within a single tract featuring multiple warehouse sizes.
Key Highlights
- Tract with blacktop road frontage on I‑20, Millhaven Rd and Wagon Wheel Rd
- Two warehouses plus a small office on site
- Warehouse #1: 9,180 SF
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.3k | $7.44 |
| − Vacancy | −$8.5k | −$0.51 |
| EGI | $116.7k | $6.93 |
| − OpEx | −$17.5k | −$1.04 |
| NOI | $99.2k | $5.89 |
16,836 SF · lease $7.44/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,231 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$181.35M
$158.68M – $211.57M
NOI $12,694,244 @ 7.0% cap · market cap 747.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
R2 Rentals
Waste Management Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Industrial tract with blacktop road frontage and two warehouses plus a small office.
Where is this warehouse located?
The property is located at 8676 Millhaven Road Monroe Monroe, LA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Tract with blacktop road frontage on I‑20, Millhaven Rd and Wagon Wheel Rd; Two warehouses plus a small office on site; Warehouse #1: 9,180 SF
