Mixed-Use Portfolio with Office
New
For Sale
$1,100,000
342-348 DESIARD STREET, Monroe, LA 71201
COMMERCIAL/INDUSTRIAL, Monroe, LA
Property Size17,148 SF
Price / SF$64.15
Days on Market2
Property Features for 342-348 DESIARD STREET
General Information
Property type
Residential
Property subtype
Office
Rooms
Kitchen
Security features
Security System, Security Lighting
Interior features
Extra Storage, Private Bathrooms, Security System-Wired
Exterior features
Gutters, Landscaping, Lighting/Security
Subdivision
BRY & WILSON
Lot features
Loc. in City Limits
Directions
From I-20, Exit 117A to Hall Street. Continue NE on Hall Street to Left onto Desiard St. Property will be on the Left.(Corner of Desiard & Catalpa)
Standard status
Active
APN
26984, 64099, 45185, 70864
Taxes and HOA fees
Tax Description
See Associated Docs.
Legal Description
See Associated Docs.
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
private gated parking
Building Details
Number of units
7
Building materials
Brick Veneer, Concrete Block
Roof type
Flat
Additional Structures
Storage
Listing Agency:
Keller Williams Parishwide Partners · Keller Williams Realty
(318) 812-7653
Listed By:
Misti Hajj · License #0000036718
(318) 348-5945
Added: Sep 9
Last Checked: Sep 10 at 4:06AM
MLS# 220845
Copyright © 2026 Northeast Louisiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use commercial portfolio in Monroe combines office and retail space across several connected addresses. The office inventory includes 700 SF at 106 Catalpa, 5,700 SF at 108-112 Catalpa, and 1,840 SF at 114 Catalpa. The Desiard Street component includes 2,705 SF at 342 Desiard and 2,275 SF at 344 Desiard, each with reception areas, private offices, workstation capacity, CAT 5E fiber internet, kitchens or break areas, and accessible restrooms. Together, Suites 342, 344, and 348 can provide up to 8,900+/- SF when combined.
At 4,000 SF, 348 Desiard provides commercial or retail space with street exposure, side-door access, and dedicated loading space for pickups and deliveries. The property also includes gated parking for up to 10 vehicles and free city parking across Desiard Street. Existing features include private bathrooms, a wired security system, central electric heating and cooling, brick veneer and concrete block construction, landscaping, exterior lighting, and a flat roof. In-place leasing provides current occupancy income alongside available space for an owner-user.
At 4,000 SF, 348 Desiard provides commercial or retail space with street exposure, side-door access, and dedicated loading space for pickups and deliveries. The property also includes gated parking for up to 10 vehicles and free city parking across Desiard Street. Existing features include private bathrooms, a wired security system, central electric heating and cooling, brick veneer and concrete block construction, landscaping, exterior lighting, and a flat roof. In-place leasing provides current occupancy income alongside available space for an owner-user.
Key Highlights
- Mixed‑use portfolio with office and retail space totaling multiple suites
- Up to 8,900+/- SF can be combined across Suites 342, 344, and 348 Desiard
- 4,000 SF commercial/retail suite with street visibility and dedicated loading space
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
$98,387
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
8.94%
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%
$1,967,740
$2.0M
Cap Rate 7%
$1,405,529
$1.4M
Cap Rate 9%
$1,093,189
$1.1M
Market Conditions
NOI Build-Up for 17,148 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
$174.9K $10.20/SF
− Vacancy
−$17.5K −$1.02/SF
EGI
$157.4K $9.18/SF
− OpEx
−$59.0K −$3.44/SF
NOI
$98.4K $5.74/SF
Area
Ouachita County, LA
Vacancy
10.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
37.50%
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%
$1,967,740
Cap Rate 7%
$1,405,529
Cap Rate 9%
$1,093,189
Alternative Uses
Best Use
Office B
$7.38M
$6.46M – $8.61M
NOI $516,426 @ 7.0% cap · market cap 46.95%
Second Best
Retail
$6.72M
$5.88M – $7.84M
NOI $470,557 @ 7.0% cap · market cap 42.78%
Theoretical Best
Multifamily LT 5
$184.71M
$161.62M – $215.49M
NOI $12,929,490 @ 7.0% cap · market cap 1,175.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,724
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-suite commercial offering with office, retail, gated parking, and adaptable space for business occupancy.
Where is this mixed-use property located?
The property is located at 342-348 DESIARD STREET Monroe, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Mixed‑use portfolio with office and retail space totaling multiple suites; Up to 8,900+/- SF can be combined across Suites 342, 344, and 348 Desiard; 4,000 SF commercial/retail suite with street visibility and dedicated loading space
