Office Building with Open Work
New
For Sale
$525,000
414 Pine St, Monroe, LA 71201
The layout combines office space with larger rooms for group activities and work.
Property Size6,660 SF
Price / SF$228.26
Days on Market2
Property Features for 414 Pine St
General Information
Standard status
Active
Size
6,660 SF
Class
A
Property subtype
Office
Building Details
Building Size
6,660 SF
Listing Agency:
Faulk & Foster Real Estate Services
Listed By:
JW Perry · License #0995683525
(318) 381-0301
Source:
Naiglobal
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:01AM
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 Faulk & Foster Real Estate Services
Investment Insights
Based on property information with market context.
At 414 Pine St in Monroe, the office property has 2,300 SF of covered area and combines office space with larger open rooms. The room configuration may support classroom, training, or collaborative activities.
The layout also offers the possibility of dividing the property into commercial suites, adjusting private-office space, or adapting part of the area for warehouse, storage, or flex use. These are potential configurations rather than stated existing improvements.
The layout also offers the possibility of dividing the property into commercial suites, adjusting private-office space, or adapting part of the area for warehouse, storage, or flex use. These are potential configurations rather than stated existing improvements.
Key Highlights
- 2,300 SF of covered area
- Office and open‑room layout, with rooms suited to classroom, training, or collaborative activities
- Potential to configure multiple commercial suites or adapt part of the property for warehouse, storage, or flex use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,806
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,120
$396.1K
Cap Rate 7%
$282,943
$282.9K
Cap Rate 9%
$220,067
$220.1K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$33.1K $14.40/SF
− Vacancy
−$2.6K −$1.15/SF
EGI
$30.5K $13.25/SF
− OpEx
−$10.7K −$4.64/SF
NOI
$19.8K $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 Rate 5%
$396,120
Cap Rate 7%
$282,943
Cap Rate 9%
$220,067
Alternative Uses
Best Use
Office B
$989.5K
$865.8K – $1.15M
NOI $69,266 @ 7.0% cap · market cap 13.19%
Second Best
Flex RnD
$282.9K
$247.6K – $330.1K
NOI $19,806 @ 7.0% cap · market cap 3.77%
Theoretical Best
Multifamily LT 5
$24.77M
$21.68M – $28.90M
NOI $1,734,186 @ 7.0% cap · market cap 330.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,867
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?
Office building - The layout combines office space with larger rooms for group activities and work.
Where is this office building located?
The property is located at 414 Pine St Monroe, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,300 SF of covered area; Office and open‑room layout, with rooms suited to classroom, training, or collaborative activities; Potential to configure multiple commercial suites or adapt part of the property for warehouse, storage, or flex use
