Remodeled 2nd-Story Office
For Sale
Contact for pricing
303 McMillan Rd, West Monroe, LA 71291
Remodeled second-story office suite with reception, conference room, multiple offices, and breakroom/kitchen.
Property Size1,907 SF
Days on Market96
Property Features for 303 McMillan Rd
General Information
Standard status
Active
Size
1,907 SF
Property subtype
Office - General Office
Amenities
conference room
reception area
breakroom/kitchen area
Building Details
Building Size
1,907 SF
Year Built
1976
Listing Agency:
Coldwell Banker Group One Realty
Listed By:
Jan Mattingly · License #0000024812
(318) 387-8100
Source:
Commercialcafe
Added: Jul 26
Changed: Oct 26
Last Checked: Oct 28 at 4:49AM
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 Coldwell Banker Group One Realty
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Investment Insights
Based on property information with market context.
This remodeled second-story office suite is laid out for everyday client and team use, including a reception area, conference room, two executive offices, four additional offices, a hall file cabinet area, a breakroom/kitchen area, and two hall restrooms.
The tenant is responsible for electricity and gas, along with renter’s insurance. The landlord pays water, garbage, taxes, and the owner’s insurance.
The space is offered as an office unit suitable for businesses looking for a ready-to-occupy interior configuration with dedicated meeting and work areas.
The tenant is responsible for electricity and gas, along with renter’s insurance. The landlord pays water, garbage, taxes, and the owner’s insurance.
The space is offered as an office unit suitable for businesses looking for a ready-to-occupy interior configuration with dedicated meeting and work areas.
Key Highlights
- Remodeled 2nd‑story office space for lease
- Includes reception area and conference room
- Offers 2 executive offices plus 4 additional offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,431
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,620
$1.1M
Cap Rate 7%
$820,443
$820.4K
Cap Rate 9%
$638,122
$638.1K
Market Conditions
NOI Build-Up for 1,907 SF
Gross rent
$98.2K $51.48/SF
− Vacancy
−$21.6K −$11.33/SF
EGI
$76.6K $40.15/SF
− OpEx
−$19.1K −$10.04/SF
NOI
$57.4K $30.12/SF
Area
Ouachita County, LA
Vacancy
22.00%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,620
Cap Rate 7%
$820,443
Cap Rate 9%
$638,122
Alternative Uses
Best Use
Office B
$820.4K
$717.9K – $957.2K
NOI $57,431 @ 7.0% cap · market cap 2,871.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$20.54M
$17.97M – $23.96M
NOI $1,437,867 @ 7.0% cap · market cap 71,893.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,310
Businesses Nearby
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Business Placement
Demographics for 71291, LA
34,670
Population
15,290
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
91%
High-School Grad
65.5 sq mi
ZIP Area
529
Density / Sq Mi
$69,012
Median Household Income
$46,127
Median Earnings
$974
Median Rent
$219,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Remodeled second-story office suite with reception, conference room, multiple offices, and breakroom/kitchen.
Where is this office unit located?
The property is located at 303 McMillan Rd West Monroe, LA.
What are key features of this property?
This property features: Remodeled 2nd‑story office space for lease; Includes reception area and conference room; Offers 2 executive offices plus 4 additional offices
