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 Market101
Property Features for 2920 Commerce St
General Information
Standard status
Active
Size
20,496 SF
Listing Agency:
Harrison Lilly
(318) 381-0420
Listed By:
DJ Fortenberry
(318) 381-0420
Source:
Exprealty
Added: May 20
Changed: Aug 25
Last Checked: Aug 26 at 11:49AM
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 = 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
$103,515
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
8.28%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial 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?
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.**
