Multi-Suite Shopping
For Sale
$825,000
1500 Louisville Ave, Monroe, LA 71201
Suite C offers a mostly open layout with updated restrooms and CAT 6/6E fiber internet.
Property Size2,600 SF
Price / SF$317.31
Days on Market9
Property Features for 1500 Louisville Ave
General Information
Standard status
Active
Size
2,600 SF
Amenities
New LED lighting
updated restrooms
CAT 6/6E fiber internet
signage available
Listing Agency:
Keller Williams Parishwide Partners
Listed By:
Misti Hajj · License #0000036718
(318) 348-5945
Source:
Exprealty
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 26 at 2:17PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This shopping center includes Suite C, a 2,600± SF space with a mostly open floor plan, new LED lighting, updated restrooms, and CAT 6/6E fiber internet. Signage is available at each suite and on Louisville Avenue.
The property has 32 shared parking spaces and is situated along a commercial corridor with access described as easy. Suite D is identified as a barber shop and salon.
The property has 32 shared parking spaces and is situated along a commercial corridor with access described as easy. Suite D is identified as a barber shop and salon.
Key Highlights
- Suite C contains 2,600± SF with a mostly open floor plan
- New LED lighting and updated restrooms
- CAT 6/6E fiber internet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,346
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,426,920
$1.4M
Cap Rate 7%
$1,019,229
$1.0M
Cap Rate 9%
$792,733
$792.7K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$106.4K $40.92/SF
− Vacancy
−$4.5K −$1.72/SF
EGI
$101.9K $39.20/SF
− OpEx
−$30.6K −$11.76/SF
NOI
$71.3K $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%
$1,426,920
Cap Rate 7%
$1,019,229
Cap Rate 9%
$792,733
Alternative Uses
Best Use
Retail
$1.02M
$891.8K – $1.19M
NOI $71,346 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$28.01M
$24.50M – $32.67M
NOI $1,960,385 @ 7.0% cap · market cap 237.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,677
Businesses Nearby
98k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 36%
Apparel 13%
Home Improvements & Furnishings 3%
Dollar Tree
Shops & Services
20,522 visits/mo
0.4 miles
Wendy's
Dining
17,281 visits/mo
0.3 miles
PJ's Coffee of New Orleans
Dining
10,462 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
10,032 visits/mo
0.3 miles
Van Trow Toyota
Shops & Services
9,097 visits/mo
0.4 miles
Demographics for 71201, LA
21,565
Population
10,352
Households
2.1
Avg Household Size
39
Median Age
43%
College-Educated
92%
High-School Grad
14.9 sq mi
ZIP Area
1,447
Density / Sq Mi
$53,538
Median Household Income
$44,262
Median Earnings
$882
Median Rent
$247,100
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
Similar Off Market Nearby
- Loan Center — 364-596 Louisville Ave, Monroe, LA 71201
- Ob Plaza — Monroe, LA 71201
- Danville Plaza — Danville Plaza Shopping Center, Louisville Ave, Monroe, LA 71201
- Twin City Shopping Center, LLC — 2271 Louisville Ave, Monroe, LA 71201
- The premier plaza — 1162 Oliver Rd, Monroe, LA 71201
Frequently Asked Questions
What type of property is this?
Shopping center - Suite C offers a mostly open layout with updated restrooms and CAT 6/6E fiber internet.
Where is this shopping center located?
The property is located at 1500 Louisville Ave Monroe, LA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Suite C contains 2,600± SF with a mostly open floor plan; New LED lighting and updated restrooms; CAT 6/6E fiber internet
