Freestanding Flex Space with Outdoor
For Sale
$119,900
4611 Monkhouse Dr, Shreveport, LA 71109
Office-oriented commercial building with exterior storage and staging areas.
Property Size1,250 SF
Price / SF$95.92
Days on Market26
Property Features for 4611 Monkhouse Dr
General Information
Standard status
Active
Size
1,250 SF
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Building Details
Year Built
1975
Listing Agency:
Primeaux Realty, LLC
(318) 458-6172
Listed By:
Jimmy Stewart · License #0000007995
Source:
Heritance
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 30 at 8:48PM
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 Primeaux Realty, LLC
Investment Insights
Based on property information with market context.
This freestanding flex-space property contains 1,250 square feet and was built in 1975. The configuration combines professional office space with secure outdoor storage and a staging area, supporting office and light industrial functions within one commercial asset.
The property is located at 4611 Monkhouse Dr in Shreveport, Louisiana, along the Monkhouse Drive corridor. It is less than 2 miles from Shreveport Regional Airport, I-20, I-220, and I-49, with access to the airport, Downtown Shreveport, and the Texas border. The location also places the building near the airport’s maintenance and cargo hubs.
The property is located at 4611 Monkhouse Dr in Shreveport, Louisiana, along the Monkhouse Drive corridor. It is less than 2 miles from Shreveport Regional Airport, I-20, I-220, and I-49, with access to the airport, Downtown Shreveport, and the Texas border. The location also places the building near the airport’s maintenance and cargo hubs.
Key Highlights
- 1,250‑square‑foot freestanding flex‑space building
- Built in 1975
- Professional office space with secure outdoor storage
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
$8,249
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
6.88%
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%
$164,980
$165.0K
Cap Rate 7%
$117,843
$117.8K
Cap Rate 9%
$91,656
$91.7K
Market Conditions
NOI Build-Up for 1,250 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
$13.5K $10.80/SF
− Vacancy
−$810 −$0.65/SF
EGI
$12.7K $10.15/SF
− OpEx
−$4.4K −$3.55/SF
NOI
$8.2K $6.60/SF
Area
Shreveport, LA
Vacancy
6.00%
Lease Rate
$10.80 /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%
$164,980
Cap Rate 7%
$117,843
Cap Rate 9%
$91,656
Alternative Uses
Best Use
Office B
$202.5K
$177.2K – $236.3K
NOI $14,175 @ 7.0% cap · market cap 11.82%
Second Best
Flex RnD
$117.8K
$103.1K – $137.5K
NOI $8,249 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$263.8K
$230.9K – $307.8K
NOI $18,468 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71109, LA
18,414
Population
9,099
Households
2
Avg Household Size
39
Median Age
14%
College-Educated
83%
High-School Grad
12.8 sq mi
ZIP Area
1,439
Density / Sq Mi
$31,309
Median Household Income
$25,695
Median Earnings
$896
Median Rent
$91,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Sugar and Cream Coffeehouse — 5500 jewella ave suite 100, shreveport, la 71109
Frequently Asked Questions
What type of property is this?
Flex space - Office-oriented commercial building with exterior storage and staging areas.
Where is this flex space located?
The property is located at 4611 Monkhouse Dr Shreveport, LA.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: 1,250‑square‑foot freestanding flex‑space building; Built in 1975; Professional office space with secure outdoor storage
