Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    West Monroe Restaurant Investment Opportunity Title is generated by Realmo AI

    311-315 Wood St, West Monroe, LA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two established restaurants for sale in historic downtown West Monroe.

    Type:RETAIL
    Property size:
    6,588 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $75/SF
    Added:
    Nov 25, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 5 at 8:04 pm

    Property Features for 311-315 Wood St

    General Information

    Standard status
    Active
    Size
    6,588 SF
    Lot size
    0.16 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    John "Louis" Luffey III

    Listing agent John "Louis" Luffey III

    Listing office NAI Faulk & Foster

    Listing date Nov 25, 2025

    Source Moodyscre

    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 NAI Faulk & Foster

    HighLights

    • Prime location in the heart of historic downtown West Monroe's Antique Alley.
    • Features two thriving restaurants.
    • Ample parking available.
    • Walking distance to numerous offices, shops, and housing.
    • Convenient access to the extended area.
    • Remarkable building with exceptional opportunity.

    Overview

    Located in the heart of historic downtown West Monroe's Antique Alley, this property features two established restaurants. The 6,588 square foot building is within walking distance of offices, shops, and housing, providing convenient access to the surrounding area. Ample parking is available. The property is intended for restaurant and retail use.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Chef Cory Bahr — 130 Art Aly, Monroe, LA 71201
    • World Classics Catering — 615 N 2nd St, Monroe, LA 71201
    • JAC's Craft Smokehouse — 401 Trenton St, West Monroe, LA 71291
    • Chef Cory Bahr — 318 N 2nd St, Monroe, LA 71201
    • Chef Pat Nolan — 125 St John St, Monroe, LA 71201

    Location Insight

    • Map
    • Local Demand
    City
    West Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.1236
    Latitude
    32.5004

    Nearby Similar for Sale

    • $2,325,000
      5,744 SF

      West Monroe Restaurant Investment Opportunity

      Restaurant property with a long-term absolute net lease.
      301 Constitution Dr, West Monroe, LA
      View Details
    • $825,000

      West Monroe Warehouse/Retail Opportunity

      Corner lot with warehouse and retail space in West Monroe.
      1903 Cypress St, West Monroe, LA
      View Details
    • $675,000
      4,772 SF

      West Monroe Restaurant Opportunity

      Restaurant building for sale in a prime location.
      505 CONSTITUTION DRIVE, West Monroe, LA 71292
      View Details
    • $599,500
      2,261 SF

      Turnkey QSR/Retail Building with Land

      West Monroe QSR/Retail building with expansion-ready lot.
      1412-1412 Ridge Ave , West Monroe, LA
      View Details
    • $325,000
      6,200 SF

      Versatile 6200 SF Commercial Building

      6200 SF commercial building suitable for retail or warehouse.
      2918 CYPRESS STREET, West Monroe, LA 71291
      View Details
    • $912,200
      4,450 SF

      West Monroe Retail Opportunity

      Prime retail space in West Monroe, high-traffic location.
      202 Blanchard St, West Monroe, LA 71291
      View Details
    • $711,000
      5,688 SF

      Former Restaurant with Flexible Potential

      5,688 SF commercial property with flexible use potential.
      226 Blanchard St, West Monroe, LA 71291
      View Details
    • $275,000
      2,500 SF

      West Monroe Flex Space Available

      Office/retail space with warehouse and roll-up doors in West Monroe.
      921 CYPRESS STREET, West Monroe, LA 71291
      View Details
    • $1,483,125
      10,500 SF

      New Net Leased Family Dollar

      New construction Family Dollar with corporate guarantee along State Hwy.
      5115 LA-34, West Monroe, LA
      View Details
    • $500,000
      3,646 SF

      Office, Land

      120 PROFESSIONAL DRIVE, West Monroe, LA 71291
      View Details

    FAQs

    What type of property is this?
    Restaurant - Two established restaurants for sale in historic downtown West Monroe.
    Where is this restaurant located?
    The property is located at 311-315 Wood St West Monroe, LA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Prime location in the heart of historic downtown West Monroe's Antique Alley.; Features two thriving restaurants.; Ample parking available.
    (318) 807-2659 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John "Louis" Luffey III
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    311-315 Wood St, West Monroe, LA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!