Multi-Suite Office
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 Market29
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
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
private gated parking
free city parking across the street
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
Changed: Sep 23
Last Checked: Oct 7 at 2:06PM
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 multi-property commercial portfolio totals 17,148+/- SF across office and retail-oriented spaces at 106, 108-112, and 114 Catalpa, along with Suites 342, 344, and 348 Desiard Street. The office component includes private offices, reception areas, space for additional workstations or cubicles, CAT 5E fiber internet, kitchen or break areas, and handicapped-accessible restrooms. Suite 348 adds 4,000 SF of commercial/retail space with street-facing exposure, side-door access, and dedicated loading space for pickup and delivery.
Suites 342, 344, and 348 are positioned side by side and can be leased separately or combined into up to 8,900+/- SF. The property includes private gated parking for 10+ vehicles, while a city parking block is located across Desiard Street. Additional features include wired security systems, central electric heating and cooling, brick veneer and concrete block construction, landscaping, exterior lighting, gutters, and flat roofs.
Suites 342, 344, and 348 are positioned side by side and can be leased separately or combined into up to 8,900+/- SF. The property includes private gated parking for 10+ vehicles, while a city parking block is located across Desiard Street. Additional features include wired security systems, central electric heating and cooling, brick veneer and concrete block construction, landscaping, exterior lighting, gutters, and flat roofs.
Key Highlights
- 17,148+/- SF portfolio spanning office and commercial/retail space
- Suites 342, 344, and 348 Desiard can combine for up to 8,900+/- SF
- 348 Desiard includes 4,000 SF of commercial/retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,387
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
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
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 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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Current Use
Lease Details
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
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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?
Office building - Flexible commercial layout with private offices, workstations, kitchen areas, accessible restrooms, and dedicated parking.
Where is this office building 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: 17,148+/- SF portfolio spanning office and commercial/retail space; Suites 342, 344, and 348 Desiard can combine for up to 8,900+/- SF; 348 Desiard includes 4,000 SF of commercial/retail space
