Flex Space With Storm
For Sale
$950,000
363 VENABLE LANE, Monroe, LA 71203
SINGLE_FAMILY - Monroe, LA
Property Size8,380 SF
Lot Size11.00 Acres
Price / SF$113.37
Days on Market365
Property Features for 363 VENABLE LANE
General Information
Property type
Residential
Property subtype
Office
Rooms
Dining Room
Security features
Security System
Interior features
Private Bathrooms, Security System-Wired, Telephone System
Lot features
Plat Map, Located in Parish
Directions
Hwy 165 N to Venable Lane. ast property on left gated drive way.
Subdivision
135 HWY 165 N/Egrets Landing/Sterlington Area
Standard status
Active
APN
5752
Lot size
11.00 Acres
Taxes and HOA fees
Tax Description
see associated docs
Legal Description
see associated docs
Utilities
Heating system
Natural Gas, Wood
Cooling system
Electric, Central Air, Multi Units
Amenities
fiber optic
generator
full kitchen
meeting room
break area
Building Details
Building materials
Metal
Roof type
Metal
Listing Agency:
Coldwell Banker Group One Realty
(318) 362-0007
Listed By:
Bill Perkins
(318) 348-4041
Added: Aug 22, 2025
Changed: Aug 19
Last Checked: Aug 21 at 5:06AM
MLS# 216136
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 flex property at 363 Venable Lane in Monroe combines warehouse, office, and specialized support buildings. Building 1 contains 5,200 SF, including approximately 2,000 SF of warehouse storage and 3,200 SF of heated office area, along with a large overhead door, full kitchen, one bathroom, and a 1,500 SF lean shed beneath a new metal roof. Building 2 adds approximately 1,200 SF of heated space with 4/5 offices, a meeting room, storage, bathroom, and break area. Buildings 3 and 4 are steel-reinforced concrete storm bunker structures, each measuring 240 square feet.
The facilities are interconnected through fiber optic service, with routes reaching Dallas, New Orleans, and Atlanta. Lumen/CenturyLink service is available at the Highway 165 vault. A 70 KW Generac generator supports the buildings, which also feature wired security, telephone systems, natural gas and wood heating, central air, and metal roofing.
The facilities are interconnected through fiber optic service, with routes reaching Dallas, New Orleans, and Atlanta. Lumen/CenturyLink service is available at the Highway 165 vault. A 70 KW Generac generator supports the buildings, which also feature wired security, telephone systems, natural gas and wood heating, central air, and metal roofing.
Key Highlights
- 5,200 SF Building 1 includes approximately 2,000 SF warehouse and 3,200 SF heated office space
- Building 2 provides approximately 1,200 SF with 4/5 offices, meeting room, storage, bathroom, and break area
- Two 240 square foot steel‑reinforced concrete storm bunker buildings
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
$72,162
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
7.60%
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%
$1,443,240
$1.4M
Cap Rate 7%
$1,030,886
$1.0M
Cap Rate 9%
$801,800
$801.8K
Market Conditions
NOI Build-Up for 8,380 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
$120.7K $14.40/SF
− Vacancy
−$9.7K −$1.15/SF
EGI
$111.0K $13.25/SF
− OpEx
−$38.9K −$4.64/SF
NOI
$72.2K $8.61/SF
Area
Ouachita County, LA
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$1,443,240
Cap Rate 7%
$1,030,886
Cap Rate 9%
$801,800
Alternative Uses
Best Use
Office B
$3.61M
$3.15M – $4.21M
NOI $252,370 @ 7.0% cap · market cap 26.57%
Second Best
Flex RnD
$1.03M
$902.0K – $1.20M
NOI $72,162 @ 7.0% cap · market cap 7.60%
Theoretical Best
Multifamily LT 5
$90.26M
$78.98M – $105.31M
NOI $6,318,470 @ 7.0% cap · market cap 665.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71203, LA
37,438
Population
17,178
Households
2.2
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
118.5 sq mi
ZIP Area
316
Density / Sq Mi
$46,822
Median Household Income
$35,630
Median Earnings
$987
Median Rent
$181,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Interconnected commercial facilities combine warehouse storage, heated offices, reinforced buildings, and generator-backed infrastructure.
Where is this flex space located?
The property is located at 363 VENABLE LANE 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: 5,200 SF Building 1 includes approximately 2,000 SF warehouse and 3,200 SF heated office space; Building 2 provides approximately 1,200 SF with 4/5 offices, meeting room, storage, bathroom, and break area; Two 240 square foot steel‑reinforced concrete storm bunker buildings
