Two-Building Industrial
For Sale
$7,750,000
4971 Central Avenue North, Monroe, LA 71203
Two-building industrial property with office/warehouse space, climate-controlled warehouse, and six overhead doors.
Property Size51,447 SF
Price / SF$150.64
Days on Market133
Property Features for 4971 Central Avenue North
General Information
Standard status
Active
Size
51,447 SF
Property subtype
Industrial
Additional Details
Clear Height
36 ft
Listing Agency:
Lee & Associates
Listed By:
Evan Scroggs, SIOR, CCIM · License #LA #995712516
(225) 241-8616
Source:
Lee-associates
Added: Jun 3
Changed: Oct 6
Last Checked: Oct 12 at 6:19PM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This two-building industrial property is offered in great condition and features steel frame construction with metal siding and metal roofs. The larger building includes office/warehouse space with approximately 31.7% finished office area. A second building provides a climate-controlled warehouse totaling 8,712 SF.
Improvements include six overhead doors and 25’–36’ eave heights. The property is owner-occupied as a medical supply storage facility.
The buildings are configured to support combined office and warehouse operations, with covered, steel-constructed warehouse space sized for practical storage and distribution needs.
Improvements include six overhead doors and 25’–36’ eave heights. The property is owner-occupied as a medical supply storage facility.
The buildings are configured to support combined office and warehouse operations, with covered, steel-constructed warehouse space sized for practical storage and distribution needs.
Key Highlights
- Total 151,447 SF two‑building industrial property in great condition
- 42,735 SF office/warehouse with 31.7% finished office space
- 8,712 SF climate‑controlled warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$443,020
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,860,400
$8.9M
Cap Rate 7%
$6,328,857
$6.3M
Cap Rate 9%
$4,922,444
$4.9M
Market Conditions
NOI Build-Up for 51,447 SF
Gross rent
$740.8K $14.40/SF
− Vacancy
−$59.3K −$1.15/SF
EGI
$681.6K $13.25/SF
− OpEx
−$238.5K −$4.64/SF
NOI
$443.0K $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%
$8,860,400
Cap Rate 7%
$6,328,857
Cap Rate 9%
$4,922,444
Alternative Uses
Best Use
Flex RnD
$6.33M
$5.54M – $7.38M
NOI $443,020 @ 7.0% cap · market cap 5.72%
Second Best
Warehouse
$4.33M
$3.79M – $5.05M
NOI $303,227 @ 7.0% cap · market cap 3.91%
Theoretical Best
Multifamily LT 5
$554.15M
$484.88M – $646.51M
NOI $38,790,733 @ 7.0% cap · market cap 500.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
36 ft
Clear height
Location Intelligence
Trade Area within ½ mile
97
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building industrial property with office/warehouse space, climate-controlled warehouse, and six overhead doors.
Where is this flex space located?
The property is located at 4971 Central Avenue North Monroe, LA.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: Total 151,447 SF two‑building industrial property in great condition; 42,735 SF office/warehouse with 31.7% finished office space; 8,712 SF climate‑controlled warehouse
