Flex Space with Office and
New
For Sale
$299,000
1418 RIDGE DRIVE, West Monroe, LA 71291
COMMERCIAL/INDUSTRIAL, West Monroe, LA
Property Size3,000 SF
Lot Size0.19 Acres
Price / SF$99.67
Days on Market2
Property Features for 1418 RIDGE DRIVE
General Information
Property type
Residential
Property subtype
Office
Zoning description
COMMERCIAL
Security features
Security System
Interior features
Showroom, Security System, Security System-Wired
Lot features
Located in Parish
Directions
Thomas Road to the end red light beside Centric Credit Union turn left and building will be on the left.
Subdivision
152 WM-S of I-20/ Westlakes - Caples Rd - Hwy 34 (both sides Hwy 34, 546)
Standard status
Active
APN
117955
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
see associates docs
Legal Description
see associates docs
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Number of units
1
Building materials
Metal
Roof type
Metal
Listing Agency:
Coldwell Banker Group One Realty
(318) 362-0007
Listed By:
Mark Ouchley
(318) 376-7458
Added: Oct 22
Last Checked: Oct 23 at 10:06PM
MLS# 221358
Copyright © 2026 Northeast Louisiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property includes approximately 3,000 square feet of office space and 1,500 square feet of warehouse area. The office portion has a large open area, larger offices, and two bathrooms; some of that space could be converted back to warehouse use. A showroom and wired security system are also listed among the interior features.
Metal construction and a metal roof complement the building’s electric heat and central air conditioning. The property occupies a 0.19-acre site at 1418 Ridge Drive in West Monroe, Louisiana.
Metal construction and a metal roof complement the building’s electric heat and central air conditioning. The property occupies a 0.19-acre site at 1418 Ridge Drive in West Monroe, Louisiana.
Key Highlights
- Approximately 3,000 square feet of office space and 1,500 square feet of warehouse area
- Some office area can be converted back to warehouse space
- Large open area, larger offices, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,834
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,680
$516.7K
Cap Rate 7%
$369,057
$369.1K
Cap Rate 9%
$287,044
$287.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$43.2K $14.40/SF
− Vacancy
−$3.5K −$1.15/SF
EGI
$39.7K $13.25/SF
− OpEx
−$13.9K −$4.64/SF
NOI
$25.8K $8.61/SF
Area
Ouachita County, LA
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,680
Cap Rate 7%
$369,057
Cap Rate 9%
$287,044
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,347 @ 7.0% cap · market cap 30.22%
Second Best
Flex RnD
$369.1K
$322.9K – $430.6K
NOI $25,834 @ 7.0% cap · market cap 8.64%
Theoretical Best
Multifamily LT 5
$32.31M
$28.27M – $37.70M
NOI $2,261,982 @ 7.0% cap · market cap 756.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 71291, LA
34,670
Population
15,290
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
91%
High-School Grad
65.5 sq mi
ZIP Area
529
Density / Sq Mi
$69,012
Median Household Income
$46,127
Median Earnings
$974
Median Rent
$219,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - The layout combines open work areas, larger offices, and two bathrooms, with some office area convertible to warehouse use.
Where is this flex space located?
The property is located at 1418 RIDGE DRIVE West Monroe, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Approximately 3,000 square feet of office space and 1,500 square feet of warehouse area; Some office area can be converted back to warehouse space; Large open area, larger offices, and two bathrooms
