Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    315 Circle Dr West Monroe, LA 71291

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $235,000

    0.56 acre land available for sale.

    Lot size:
    0.56 Acres

    Property Features for 315 Circle Dr

    General Information

    Standard status
    Active
    Zoning
    B-3 General Business District
    Lot size
    0.56 Acres

    We can help!

    Listing Contact
    Jennifer Causey
    Jennifer Causey
    Source: Crexi

    Listing Agency: John Rea Realty Listing Agent: Jennifer Causey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Land For Sale

    This property features 0.56 acres of land.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    West Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.155174
    Latitude
    32.5146

    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 71292
      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 71291
      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 71291
      View Details
    • Contact for pricing
      6,588 SF

      West Monroe Restaurant Investment Opportunity

      Two established restaurants for sale in historic downtown West Monroe.
      311-315 Wood St, West Monroe, LA 71291
      View Details
    • Contact for pricing
      4,772 SF

      West Monroe Restaurant Opportunity

      Restaurant building for sale in a prime location.
      505 Constitution Dr, West Monroe, LA 71292
      View Details
    • Contact for pricing
      2,500 SF

      West Monroe Flex Space Available

      Office/retail space with warehouse and roll-up doors in West Monroe.
      921 Cypress St, West Monroe, LA 71291
      View Details
    • Contact for pricing
      6,200 SF

      Versatile 6200 SF Commercial Building

      6200 SF commercial building suitable for retail or warehouse.
      2918 Cypress St, West Monroe, LA 71291
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      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
    • $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
    • Contact for pricing
      3,646 SF

      120 PROFESSIONAL DRIVE, West Monroe, LA 71291

      Office Units • 3,646 SF
      120 Professional Dr, West Monroe, LA 71291
      View Details

    FAQs

    What type of property is this?
    Land - 0.56 acre land available for sale.
    Where is this land located?
    The property is located at 315 Circle Dr West Monroe, LA.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - Sizeable Land Parcel: 0.56 acres provides ample space.; - Raw land offers flexibility for development or personal use.; - Property Type: Land
    (318) 261-0892
    Request Owner's contact information
    315 Circle Dr West Monroe, LA 71291
    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.
    315 Circle Dr
    West Monroe, LA 71291
    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
    315 Circle Dr West Monroe, LA 71291
    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

    We can help!
    Listing Contact
    Jennifer Causey
    Jennifer Causey
    Real Estate License ID: LA995693195
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!