Versatile Warehouse with Rail
For Sale
$1,250,000
2920 Commerce St, Monroe, LA 71201
20,496 SF warehouse with office space and rail access.
Property Size20,496 SF
Price / SF$60.99
Days on Market147
Property Features for 2920 Commerce St
General Information
Standard status
Active
Size
20,496 SF
Listing Agency:
Harrison Lilly
Listed By:
DJ Fortenberry
(318) 381-0420
Source:
Exprealty
Added: May 20
Changed: Oct 3
Last Checked: Oct 13 at 1:38AM
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 Harrison Lilly
Investment Insights
Based on property information with market context.
An industrial facility is available at 2920 Commerce Street in Monroe, Louisiana. The property is a 20,496 square-foot warehouse facility with approximately 1,728 square feet of office space. It is designed to accommodate various industrial and commercial operations, including distribution, manufacturing, logistics, construction services, fabrication, storage, and flex industrial use. The property features six loading/trucking bays and two additional bay doors opening toward the railroad spur behind the facility, creating an opportunity for rail-served operations and expanded shipping capabilities. The warehouse layout allows for customized workflows, inventory management, equipment storage, production operations, or regional distribution needs. The property was formerly a refrigerated warehouse and is currently operating as a baseball academy; however, the existing use is temporary, and all equipment will be removed upon sale, allowing the next owner or tenant to transform the facility to meet their operational requirements. The property's combination of warehouse space, office buildout, multiple loading areas, and rail accessibility makes it positioned within the North Louisiana industrial market. Located within an established industrial corridor in Monroe with access throughout Ouachita Parish, 2920 Commerce Street offers the infrastructure, accessibility, and scalability businesses need to support long-term operational growth. The property has potential for owner-occupancy, expansion, relocation, or investment.
Key Highlights
- Rail‑served operations potential with two bay doors opening to a railroad spur.
- Versatile ±20,496 SF warehouse facility with approximately 1,728 SF of office space.
- Six loading/trucking bays for efficient shipping and receiving.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,515
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,070,300
$2.1M
Cap Rate 7%
$1,478,786
$1.5M
Cap Rate 9%
$1,150,167
$1.2M
Market Conditions
NOI Build-Up for 20,496 SF
Gross rent
$159.9K $7.80/SF
− Vacancy
−$12.0K −$0.59/SF
EGI
$147.9K $7.22/SF
− OpEx
−$44.4K −$2.16/SF
NOI
$103.5K $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%
$2,070,300
Cap Rate 7%
$1,478,786
Cap Rate 9%
$1,150,167
Alternative Uses
Best Use
Flex RnD
$2.52M
$2.21M – $2.94M
NOI $176,495 @ 7.0% cap · market cap 14.12%
Second Best
Warehouse
$1.73M
$1.51M – $2.01M
NOI $120,803 @ 7.0% cap · market cap 9.66%
Theoretical Best
Multifamily LT 5
$220.77M
$193.17M – $257.56M
NOI $15,453,863 @ 7.0% cap · market cap 1,236.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
615
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - 20,496 SF warehouse with office space and rail access.
Where is this warehouse located?
The property is located at 2920 Commerce St Monroe, LA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Rail‑served operations potential with **two bay doors opening to a railroad spur.**; Versatile ±20,496 SF warehouse facility with approximately 1,728 SF of office space.; Six loading/trucking bays for efficient shipping and receiving.**
