Renovated Office
For Sale
$649,900
2501 NEWCOMBE STREET, Monroe, LA 71201
COMMERCIAL/INDUSTRIAL, Monroe, LA
Property Size4,800 SF
Lot Size0.22 Acres
Price / SF$135.40
Days on Market115
Property Features for 2501 NEWCOMBE STREET
General Information
Property type
Residential
Property subtype
Office
Zoning description
B3
Rooms
Kitchen
Lot features
Loc. in City Limits
Directions
Louisville headed west to left on Newcombe street beside Lee Edwards Mazda.
Subdivision
111 Central Monroe & Business District
Standard status
Active
APN
65399
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
Lot 1 of thibodeaux-Berry Sub in Sec. 74,T18N, R4E
Legal Description
Lot 1 of thibodeaux-Berry Sub in Sec. 74,T18N, R4E
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
kitchens
conference rooms
Building Details
Building materials
Brick Veneer, Metal
Roof type
Metal
Listing Agency:
Keller Williams Parishwide Partners · Keller Williams Realty
(318) 812-7653
Listed By:
Shane Wooten · License #492880631
(318) 348-1943
Added: Jun 15
Changed: Sep 16
Last Checked: Oct 7 at 2:06PM
MLS# 219759
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 4,800-square-foot office building combines 4,280 square feet of office area with 520 square feet of warehouse and storage space. The interior includes 9 private offices, 2 conference rooms, and 2 kitchens, providing a practical layout for administrative and operational functions. Renovations completed in 2024 include LED lighting, central HVAC, vinyl plank flooring, carpeted office areas, and drywall interior walls.
The property occupies a 0.22-acre lot at 2501 Newcombe Street in Monroe, Louisiana, just off Louisville Avenue. A fully paved parking area serves the building. Exterior construction includes brick veneer and metal, with a metal roof and central air conditioning.
The property occupies a 0.22-acre lot at 2501 Newcombe Street in Monroe, Louisiana, just off Louisville Avenue. A fully paved parking area serves the building. Exterior construction includes brick veneer and metal, with a metal roof and central air conditioning.
Key Highlights
- 4,800 SF building with 4,280 SF of office area and 520 SF of warehouse/storage space
- 9 private offices, 2 conference rooms, and 2 kitchens
- Renovated in 2024 with LED lighting, vinyl plank flooring, and drywall interior walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,540
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,800
$550.8K
Cap Rate 7%
$393,429
$393.4K
Cap Rate 9%
$306,000
$306.0K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$49.0K $10.20/SF
− Vacancy
−$4.9K −$1.02/SF
EGI
$44.1K $9.18/SF
− OpEx
−$16.5K −$3.44/SF
NOI
$27.5K $5.74/SF
Area
Ouachita County, LA
Vacancy
10.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,800
Cap Rate 7%
$393,429
Cap Rate 9%
$306,000
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,556 @ 7.0% cap · market cap 22.24%
Second Best
Mixed Use
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 4.24%
Theoretical Best
Multifamily LT 5
$51.70M
$45.24M – $60.32M
NOI $3,619,172 @ 7.0% cap · market cap 556.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Updated office and warehouse property with private work areas, conference rooms, central HVAC, and paved on-site parking.
Where is this office building located?
The property is located at 2501 NEWCOMBE STREET Monroe, LA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 4,800 SF building with 4,280 SF of office area and 520 SF of warehouse/storage space; 9 private offices, 2 conference rooms, and 2 kitchens; Renovated in 2024 with LED lighting, vinyl plank flooring, and drywall interior walls
