Flex Office with Roll-Up
For Sale
Contact for pricing
2103 Washington St, Monroe, LA 71201
2,880 SF main office with new 2023 roof plus a separate 704 SF storage building with 10' x 14' roll-up door.
Property Size3,584 SF
Lot Size0.42 Acres
Price / SF$0.39
Days on Market180
Property Features for 2103 Washington St
General Information
Standard status
Active
Size
3,584 SF
Lot size
0.42 Acres
Property subtype
Office
Zoning
B-3
Additional Details
Clear Height
16 ft
Amenities
Power
Water
Sewer
Natural Gas
Vacant
Building Details
Year Built
1977
Listing Agency:
John Rea Realty
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Source:
Lacdb.resimplifi
Added: Apr 24
Changed: Oct 12
Last Checked: Oct 19 at 3:15AM
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 John Rea Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex commercial property includes a main office building and a separate storage building, offering adaptable space for office, showroom, or storage needs. The main office area totals 2,880 SF and features an open floor plan, a private office, a storage room, and two restrooms. Recent improvements include fresh interior and exterior paint and a newly striped parking lot, and the main office roof was replaced in 2023.
The property sits on 0.42 AC along Washington Street in Monroe, Louisiana.
A second, standalone storage building provides 704 SF with 16' ceilings and a 10' x 14' roll-up door, supporting flexible storage and service requirements.
The property sits on 0.42 AC along Washington Street in Monroe, Louisiana.
A second, standalone storage building provides 704 SF with 16' ceilings and a 10' x 14' roll-up door, supporting flexible storage and service requirements.
Key Highlights
- 3,584± SF commercial property on 0.42± AC along Washington Street in Monroe
- 2,880 SF main office building with new roof (2023) and open floor plan
- Main office includes private office, storage room, and 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,101
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,020
$362.0K
Cap Rate 7%
$258,586
$258.6K
Cap Rate 9%
$201,122
$201.1K
Market Conditions
NOI Build-Up for 3,584 SF
Gross rent
$28.0K $7.80/SF
− Vacancy
−$2.1K −$0.59/SF
EGI
$25.9K $7.22/SF
− OpEx
−$7.8K −$2.16/SF
NOI
$18.1K $5.05/SF
Area
Ouachita County, LA
Vacancy
7.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,020
Cap Rate 7%
$258,586
Cap Rate 9%
$201,122
Alternative Uses
Best Use
Office B
$1.54M
$1.35M – $1.80M
NOI $107,935 @ 7.0% cap · market cap 7,709.64%
Second Best
Flex RnD
$440.9K
$385.8K – $514.4K
NOI $30,863 @ 7.0% cap · market cap 2,204.50%
Theoretical Best
Multifamily LT 5
$38.60M
$33.78M – $45.04M
NOI $2,702,315 @ 7.0% cap · market cap 193,022.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Rambo's Catering (Rambo Thompson) Chef/ Owner — 1511 breard st, monroe, la 71201
- Bountiful Catering — Monroe, LA 71201
- Trio Community Meals — 1807 Pine St, Monroe, LA 71201
- Southern Smoker Service — 1600 Hudson Ln #6, Monroe, LA 71201
- Rambo's Catering (Rambo Thompson) Chef/ Owner — 400 Cedar St, Monroe, LA 71201
Frequently Asked Questions
What type of property is this?
Flex space - 2,880 SF main office with new 2023 roof plus a separate 704 SF storage building with 10' x 14' roll-up door.
Where is this flex space located?
The property is located at 2103 Washington St Monroe, LA.
What are key features of this property?
This property features: 3,584± SF commercial property on 0.42± AC along Washington Street in Monroe; 2,880 SF main office building with new roof (2023) and open floor plan; Main office includes private office, storage room, and 2 restrooms
