Warehouse and Office with Storm
363 Venable Lane Monroe Monroe, LA 71203
New
363 Venable Lane Monroe, Monroe, LA, 71203
$950,000
For Sale
$950,000
Interconnected warehouse and office buildings include heated office space, generator support, and reinforced storm bunker facilities.
Property Size6,800 SF
Lot Size4.00 Acres
Price / SF$139.71
Days on Market4
Property Features for 363 Venable Lane Monroe
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Lot size
- 4.00 Acres
- Property subtype
- Commercial
Listing Agency
eXp Realty, LLC
(318) 680-9141
Listed by
John Howard
(318) 680-9141
Source
Johnhoward.exprealty
Added: Jul 14 Checked: Jul 16 at 2:14 am
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Commercial warehouse and office buildings on approximately 3 to 4 acres offer a mix of storage and heated work areas. Building #1 provides about 5,200 square feet, with approximately 2,000 square feet of warehouse storage and about 3,200 square feet of heated office space, plus large over-door access, a full kitchen, one bath, a 1,500 square foot lean shed, and a new metal roof. Building #2 includes about 1,200 square feet of heated space with offices, a meeting room, storage, one bath, and a break area. Buildings 3 and 4 are steel-reinforced concrete storm bunker buildings, and the facilities also include two 240 square foot bunker buildings.
The property notes facilities are interconnected with Uniti fiber optic, with fiber service available to Dallas, New Orleans, and Atlanta, and Lumen/CenturyLink service available at the Highway 165 vault. A Generac 70 KW generator system provides backup power support for the site.
The listing also references an option for separation of the commercial buildings, as well as additional residential and storage improvements included as part of the broader property package.
The property notes facilities are interconnected with Uniti fiber optic, with fiber service available to Dallas, New Orleans, and Atlanta, and Lumen/CenturyLink service available at the Highway 165 vault. A Generac 70 KW generator system provides backup power support for the site.
The listing also references an option for separation of the commercial buildings, as well as additional residential and storage improvements included as part of the broader property package.
Key Highlights
- Interconnected warehouse/office buildings on 3 to 4 acres near Hwy 165N and CenturyLink/Lumen and IBM buildings
- Former Uniti Fiber Optic corporate office with fiber service to Dallas, New Orleans, and Atlanta via divergent routes
- All buildings interconnected with Uniti fiber optic; Lumen/CenturyLink service available at the Hwy 165 vault
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.9k | $14.40 |
| − Vacancy | −$7.8k | −$1.15 |
| EGI | $90.1k | $13.25 |
| − OpEx | −$31.5k | −$4.64 |
| NOI | $58.6k | $8.61 |
6,800 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$2.93M
$2.56M – $3.41M
NOI $204,787 @ 7.0% cap · market cap 21.56%
Second Best
Flex RnD
$836.5K
$732.0K – $975.9K
NOI $58,556 @ 7.0% cap · market cap 6.16%
Theoretical Best
Multifamily LT 5
$73.25M
$64.09M – $85.45M
NOI $5,127,160 @ 7.0% cap · market cap 539.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Uniti Fiber
Telecommunications Service
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Interconnected warehouse and office buildings include heated office space, generator support, and reinforced storm bunker facilities.
Where is this flex space located?
The property is located at 363 Venable Lane Monroe Monroe, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Interconnected warehouse/office buildings on 3 to 4 acres near Hwy 165N and CenturyLink/Lumen and IBM buildings; Former Uniti Fiber Optic corporate office with fiber service to Dallas, New Orleans, and Atlanta via divergent routes; All buildings interconnected with Uniti fiber optic; Lumen/CenturyLink service available at the Hwy 165 vault
