Versatile Commercial Building on Corner
For Sale
$121,500
2630 Desiard St, Monroe, LA 71201
Move-in-ready commercial building suitable for retail, office, or light industrial.
Property Size1,200 SF
Lot Size0.45 Acres
Price / SF$101.25
Days on Market402
Property Features for 2630 Desiard St
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.45 Acres
Listing Agency:
John Rea Realty
(318) 261-0892
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Source:
Exprealty
Added: Jul 17, 2025
Changed: Aug 22
Last Checked: Aug 22 at 8:56AM
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
Investment Insights
Based on property information with market context.
This 1,200 square foot commercial building is situated on a nearly half-acre corner lot, offering ample space for future parking, expansion, or outdoor storage. The versatile space is suitable for retail, office, light industrial, or service-based businesses. Formerly a granite works, the property has been updated and includes features that offer functionality and potential. The building has a new roof and new paint. It features 3-phase power and a fully air-conditioned/HVAC system that is approximately 6 years old. The layout includes 10'9" ceilings, one restroom, extra storage, and a work area. Access is facilitated by 9'6" x 8' double side doors that can be converted to an overhead door, along with a paved, covered loading/unloading zone. Heavy-duty equipment included are two Yale 1-ton FWA cable trolleys and two 1-ton Budgit hoists, enabling horizontal movement along a steel I-beam for transfers between interior workspaces and exterior production or storage areas. A dust collector is also included, suitable for woodworking or other fabrication needs. All other furniture and contents are included in the sale.
Key Highlights
- Move‑in‑ready, versatile 1,200 SF commercial building suitable for retail, office, light industrial, or service‑based businesses.
- Nearly ½ acre corner lot offering ample space for parking, expansion, or outdoor storage.
- Includes heavy‑duty equipment: (2) Yale 1‑Ton FWA Cable Trolleys and (2) 1‑Ton Budgit hoists.
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
$10,333
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
8.50%
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%
$206,660
$206.7K
Cap Rate 7%
$147,614
$147.6K
Cap Rate 9%
$114,811
$114.8K
Market Conditions
NOI Build-Up for 1,200 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
$17.3K $14.40/SF
− Vacancy
−$1.4K −$1.15/SF
EGI
$15.9K $13.25/SF
− OpEx
−$5.6K −$4.64/SF
NOI
$10.3K $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%
$206,660
Cap Rate 7%
$147,614
Cap Rate 9%
$114,811
Alternative Uses
Best Use
Office B
$516.3K
$451.7K – $602.3K
NOI $36,139 @ 7.0% cap · market cap 29.74%
Second Best
Retail
$470.4K
$411.6K – $548.8K
NOI $32,929 @ 7.0% cap · market cap 27.10%
Theoretical Best
Multifamily LT 5
$12.93M
$11.31M – $15.08M
NOI $904,793 @ 7.0% cap · market cap 744.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Move-in-ready commercial building suitable for retail, office, or light industrial.
Where is this flex space located?
The property is located at 2630 Desiard St Monroe, LA.
What is the asking price?
The asking price for this property is $121,500.
What are key features of this property?
This property features: Move‑in‑ready, versatile 1,200 SF commercial building suitable for retail, office, light industrial, or service‑based businesses.; Nearly ½ acre corner lot offering ample space for parking, expansion, or outdoor storage.; Includes heavy‑duty equipment: (2) Yale 1‑Ton FWA Cable Trolleys and (2) 1‑Ton Budgit hoists.
