Corner Flex Space with
For Sale
$689,786
1903 CYPRESS STREET, West Monroe, LA 71291
COMMERCIAL - West Monroe, LA
Property Size5,967 SF
Lot Size0.79 Acres
Price / SF$115.60
Days on Market510
Property Features for 1903 CYPRESS STREET
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B-3
Rooms
Office
Security features
Security Lighting
Interior features
Extra Storage, Private Bathrooms, Showroom
Exterior features
Gutters, Landscaping, Lighting/Security
Subdivision
TRENTON
Lot features
Loc. in City Limits
Directions
Cypress Street traveling East. Corner of Cypress and Cryer St. Property on Right.
Standard status
Active
APN
36555, 36557
Lot size
0.79 Acres
Taxes and HOA fees
Tax Description
LOT IN SEC 44 T18N R3E
Legal Description
LOT IN SEC 44 T18N R3E
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Amenities
updated retail/showroom/office area
warehouse/shop area
nine roll-up doors
covered front entry
multi-panel pylon signage
two restrooms
3-phase power
asphalt and concrete parking
Building Details
Number of units
1
Building materials
Metal
Roof type
Metal
Additional Structures
Storage
Listing Agency:
John Rea Realty
(318) 388-0941
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Added: Apr 14, 2025
Changed: Aug 16
Last Checked: Sep 5 at 10:06PM
MLS# 214233
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.
Investment Insights
Based on property information with market context.
This flex space at 1903 Cypress Street combines approximately 5,967 SF of improvements with a customer-facing retail, showroom, and office component of approximately 1,189 SF. The balance includes approximately 4,778 SF of warehouse and shop area, supported by nine roll-up doors, two restrooms, a covered front entry of approximately 270 SF, and extra storage. The facility also features a metal roof, central heating and cooling, three-phase power, and asphalt and concrete parking.
Positioned at the signalized intersection of Cypress Street (Hwy. 80) and Cryer Street in West Monroe, the property offers approximately 145 feet along Cypress Street. Exterior features include pylon signage, lighting and security elements, landscaping, and gutters. B-3 Commercial Zoning is in place, and immediate occupancy is available.
Positioned at the signalized intersection of Cypress Street (Hwy. 80) and Cryer Street in West Monroe, the property offers approximately 145 feet along Cypress Street. Exterior features include pylon signage, lighting and security elements, landscaping, and gutters. B-3 Commercial Zoning is in place, and immediate occupancy is available.
Key Highlights
- Approximately 5,967 SF facility with retail, showroom, office, warehouse, and shop areas
- Approximately 4,778 SF warehouse/shop area with nine roll‑up doors
- Approximately 1,189 SF updated retail/showroom/office area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,383
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,027,660
$1.0M
Cap Rate 7%
$734,043
$734.0K
Cap Rate 9%
$570,922
$570.9K
Market Conditions
NOI Build-Up for 5,967 SF
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.
Gross rent
$85.9K $14.40/SF
− Vacancy
−$6.9K −$1.15/SF
EGI
$79.1K $13.25/SF
− OpEx
−$27.7K −$4.64/SF
NOI
$51.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,027,660
Cap Rate 7%
$734,043
Cap Rate 9%
$570,922
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $3.00M
NOI $179,701 @ 7.0% cap · market cap 26.05%
Second Best
Retail
$2.34M
$2.05M – $2.73M
NOI $163,740 @ 7.0% cap · market cap 23.74%
Theoretical Best
Multifamily LT 5
$64.27M
$56.24M – $74.98M
NOI $4,499,083 @ 7.0% cap · market cap 652.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - B-3-zoned commercial facility combining customer-facing space, offices, and a warehouse/shop area with nine roll-up doors.
Where is this flex space located?
The property is located at 1903 CYPRESS STREET West Monroe, LA.
What is the asking price?
The asking price for this property is $689,786.
What are key features of this property?
This property features: Approximately 5,967 SF facility with retail, showroom, office, warehouse, and shop areas; Approximately 4,778 SF warehouse/shop area with nine roll‑up doors; Approximately 1,189 SF updated retail/showroom/office area
