Renovated Office-Warehouse
For Sale
$699,900
2501 NEWCOMBE STREET, Monroe, LA 71201
SINGLE_FAMILY - Monroe, LA
Property Size4,800 SF
Lot Size0.22 Acres
Price / SF$145.81
Days on Market49
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
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: Jul 12
Last Checked: Aug 2 at 8:06PM
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 professionally renovated office-warehouse building totals approximately 4,800 square feet, with 4,280 square feet dedicated to office space and 520 square feet for warehouse and storage. The interior is laid out for workplace efficiency, including nine private offices, two kitchens, and two conference rooms. Recent updates completed in 2024 include a durable brick and metal exterior, LED lighting throughout, central HVAC, and interior finishes designed for a professional environment with vinyl plank flooring in key areas and carpeted office areas. Drywall interior walls help define office space while maintaining a clean, functional layout.
The property sits on a 0.22-acre lot with a fully paved parking area for day-to-day operations. It is located just off Louisville Avenue, providing straightforward access for employees, clients, and customers.
The configuration supports a range of business needs that combine administrative space with light warehouse or storage requirements. With a turnkey interior, centralized climate control, and multiple office and meeting rooms already in place, it can serve as a headquarters, professional office facility, or an office-and-warehouse setup where day-to-day work and storage can stay under one roof.
The property sits on a 0.22-acre lot with a fully paved parking area for day-to-day operations. It is located just off Louisville Avenue, providing straightforward access for employees, clients, and customers.
The configuration supports a range of business needs that combine administrative space with light warehouse or storage requirements. With a turnkey interior, centralized climate control, and multiple office and meeting rooms already in place, it can serve as a headquarters, professional office facility, or an office-and-warehouse setup where day-to-day work and storage can stay under one roof.
Key Highlights
- Professionally renovated office/warehouse building with 4,800 SF total space (4,280 SF office and 520 SF warehouse/storage)
- 9 private offices plus 2 kitchens and 2 conference rooms for flexible business use
- Updated in 2024 with LED lighting throughout, central HVAC, and vinyl plank flooring with carpeted office areas
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.1k | $14.40 |
| − Vacancy | −$5.5k | −$1.15 |
| EGI | $63.6k | $13.25 |
| − OpEx | −$22.3k | −$4.64 |
| NOI | $41.3k | $8.61 |
4,800 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,556 @ 7.0% cap · market cap 20.65%
Second Best
Flex RnD
$590.5K
$516.7K – $688.9K
NOI $41,334 @ 7.0% cap · market cap 5.91%
Theoretical Best
Multifamily LT 5
$51.70M
$45.24M – $60.32M
NOI $3,619,172 @ 7.0% cap · market cap 517.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,606
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Move-in-ready office and warehouse layout with nine private offices and central HVAC on a fully paved parking lot.
Where is this flex space located?
The property is located at 2501 NEWCOMBE STREET Monroe, LA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Professionally renovated office/warehouse building with 4,800 SF total space (4,280 SF office and 520 SF warehouse/storage); 9 private offices plus 2 kitchens and 2 conference rooms for flexible business use; Updated in 2024 with LED lighting throughout, central HVAC, and vinyl plank flooring with carpeted office areas
