5th-Floor Office Suite in Bank
For Sale
Contact for pricing
2500 N 7th St, West Monroe, LA 71291
Suite 2 is a flexible 5th-floor office space with private offices, open work areas, and meeting space in a professional tower.
Property Size2,125 SF
Price / SF$0.00
Days on Market200
Property Features for 2500 N 7th St
General Information
Standard status
Active
Size
2,125 SF
Additional Details
Highway Access
Yes
Listing Agency:
John Rea Realty
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Source:
Exprealty
Added: Apr 4
Changed: Oct 17
Last Checked: Oct 19 at 10:51AM
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
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Investment Insights
Based on property information with market context.
Suite 2 offers approximately ±2,125 SF on the 5th floor of the B1 Bank Tower, with a flexible layout supporting a mix of private offices, open work areas, and meeting space. The space is designed to accommodate a range of workspace configurations, with options available based on the floor plan. Shared common areas are included, such as restrooms, elevators, and corridors. Utilities are not separately metered, and the tenant will reimburse a pro-rata share of building utility expenses based on occupied square footage as part of the NNN structure. Tenant improvement packages are negotiable based on lease term and tenant needs.
The property is positioned on the corner of N 7th Street and Otis Street, with convenient access to I-20. It is surrounded by established businesses, retail, and dining, supporting day-to-day employee and client access.
In addition to Suite 2, the floor offers multiple office suites, with availability up to approximately ±7,645 SF total office space on the 5th floor. Suite sizes include Suite 1 (±3,000 SF, subdividable into Suite 1A and 1B), Suite 3 (±1,645 SF), Suite 4 (690 SF), and Suite 5 (185 SF).
The property is positioned on the corner of N 7th Street and Otis Street, with convenient access to I-20. It is surrounded by established businesses, retail, and dining, supporting day-to-day employee and client access.
In addition to Suite 2, the floor offers multiple office suites, with availability up to approximately ±7,645 SF total office space on the 5th floor. Suite sizes include Suite 1 (±3,000 SF, subdividable into Suite 1A and 1B), Suite 3 (±1,645 SF), Suite 4 (690 SF), and Suite 5 (185 SF).
Key Highlights
- Suite 2 on the 5th floor offers approximately ±2,125 SF with a flexible layout for private offices, open work areas, and meeting space
- B1 Bank Tower suite mix includes Suite 1 (3,000 SF), Suite 2 (±2,125 SF), Suite 3 (±1,645 SF), Suite 4 (690 SF), and Suite 5 (185 SF)
- Utilities are not separately metered; tenant reimburses a pro‑rata share of building utility expenses based on occupied square footage under an NNN structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,996
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,920
$1.3M
Cap Rate 7%
$914,229
$914.2K
Cap Rate 9%
$711,067
$711.1K
Market Conditions
NOI Build-Up for 2,125 SF
Gross rent
$109.4K $51.48/SF
− Vacancy
−$24.1K −$11.33/SF
EGI
$85.3K $40.15/SF
− OpEx
−$21.3K −$10.04/SF
NOI
$64.0K $30.12/SF
Area
Ouachita County, LA
Vacancy
22.00%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,920
Cap Rate 7%
$914,229
Cap Rate 9%
$711,067
Alternative Uses
Best Use
Office B
$914.2K
$800.0K – $1.07M
NOI $63,996 @ 7.0% cap · market cap 639,960.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$22.89M
$20.03M – $26.70M
NOI $1,602,237 @ 7.0% cap · market cap 16,022,370.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Suite 2 is a flexible 5th-floor office space with private offices, open work areas, and meeting space in a professional tower.
Where is this office unit located?
The property is located at 2500 N 7th St West Monroe, LA.
What are key features of this property?
This property features: Suite 2 on the 5th floor offers approximately ±2,125 SF with a flexible layout for private offices, open work areas, and meeting space; B1 Bank Tower suite mix includes Suite 1 (3,000 SF), Suite 2 (±2,125 SF), Suite 3 (±1,645 SF), Suite 4 (690 SF), and Suite 5 (185 SF); Utilities are not separately metered; tenant reimburses a pro‑rata share of building utility expenses based on occupied square footage under an NNN structure
