Flex Warehouse with Open
147 Smith Rd. Monroe, LA 71203
New
For Sale
$460,000
COMMERCIAL - Monroe, LA
Property Size6,250 SF
Lot Size1.27 Acres
Price / SF$73.60
Days on Market7
Property Features for 147 Smith Rd.
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 120503
- Lot size
- 1.27 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 2008
- Roof type
- Metal
Listing Agency:
John Rea Realty
(318) 388-0941
Listed By:
Brian Bendily · License #0000075058
(318) 388-0941
Added: Jul 19
Changed: Jul 23
Last Checked: Jul 25 at 2:06PM
MLS# 11899864
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A gated 1.27-acre Monroe property built in 2008, with a 6,250 SF structure designed for flexible service and storage use. The enclosed 50-by-50 warehouse features two 14-by-14 roll-up doors, walk-in access, and 16-foot eaves. It also includes a 75-by-50 open-bay section. Above the studio area is a heavy-load mezzanine with 2-by-12 joists on one-foot centers.
Inside, a 550 SF studio apartment with central HVAC, full kitchen, and bath is included and could be used as an office. The separate 24-by-52 open pole barn is excluded from the square footage.
The parking and work areas include an SP2-rock surface over a concrete pad with a 220V hot-water power-wash station; the power washer, air compressor, and lifting crane remain. The end open bay has power, water, and an RV sewer/dump connection, and multiple water points plus washer/dryer hookups are also in place. The property includes room for a laydown yard and offers easy Highway 165 North access.
Inside, a 550 SF studio apartment with central HVAC, full kitchen, and bath is included and could be used as an office. The separate 24-by-52 open pole barn is excluded from the square footage.
The parking and work areas include an SP2-rock surface over a concrete pad with a 220V hot-water power-wash station; the power washer, air compressor, and lifting crane remain. The end open bay has power, water, and an RV sewer/dump connection, and multiple water points plus washer/dryer hookups are also in place. The property includes room for a laydown yard and offers easy Highway 165 North access.
Key Highlights
- Gated 1.27‑acre Monroe property with easy Hwy 165 N access and space for a laydown yard.
- 6,250 SF metal‑roof building built in 2008 includes a 50x50 enclosed warehouse with two 14x14 roll‑up doors, walk‑in access, and 16‑ft eaves.
- Warehouse includes a heavy‑load mezzanine built with 2x12 joists on one‑foot centers.
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 | $46.5k | $7.44 |
| − Vacancy | −$3.2k | −$0.51 |
| EGI | $43.3k | $6.93 |
| − OpEx | −$6.5k | −$1.04 |
| NOI | $36.8k | $5.89 |
6,250 SF · lease $7.44/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.69M
$2.35M – $3.14M
NOI $188,224 @ 7.0% cap · market cap 40.92%
Second Best
Flex RnD
$768.9K
$672.8K – $897.0K
NOI $53,820 @ 7.0% cap · market cap 11.70%
Theoretical Best
Multifamily LT 5
$67.32M
$58.91M – $78.54M
NOI $4,712,463 @ 7.0% cap · market cap 1,024.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Gated Monroe flex warehouse with enclosed warehouse, open-bay section, roll-up doors, and an on-site studio apartment.
Where is this flex space located?
The property is located at 147 Smith Rd. Monroe, LA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Gated 1.27‑acre Monroe property with easy Hwy 165 N access and space for a laydown yard.; 6,250 SF metal‑roof building built in 2008 includes a 50x50 enclosed warehouse with two 14x14 roll‑up doors, walk‑in access, and 16‑ft eaves.; Warehouse includes a heavy‑load mezzanine built with 2x12 joists on one‑foot centers.
