Climate-Controlled Storage
New
For Sale
$500,000
606 N 5th St, Monroe, LA 71201
Small storage facility with climate-controlled units, comprising 39 total units near I-20 access.
Days on Market5
Property Features for 606 N 5th St
General Information
Standard status
Active
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
6,675 SF
Year Built
1965
Listing Agency:
Coldwell Banker Group One Realty
(318) 355-7000
Listed By:
Dathan Phillips · License #0000017199-ACT
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 2:54AM
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 Coldwell Banker Group One Realty
Investment Insights
Based on property information with market context.
This for-sale storage facility offers climate-controlled storage units and consists of 39 total units. The property is designed as a dedicated storage operation.
Located just off Louisville Avenue in Monroe, the facility is about a minute from I-20, providing convenient access for customers and deliveries.
With its compact unit count and climate-controlled offering, the property may be suited for buyers looking to own a small self-storage asset within close proximity to major roadway access.
Located just off Louisville Avenue in Monroe, the facility is about a minute from I-20, providing convenient access for customers and deliveries.
With its compact unit count and climate-controlled offering, the property may be suited for buyers looking to own a small self-storage asset within close proximity to major roadway access.
Key Highlights
- 39‑unit climate‑controlled storage facility
- Built in 1965
- Located just off Louisville Avenue in Monroe
Financial Insights For Warehouse
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 | $49.7k | $7.44 |
| − Vacancy | −$3.4k | −$0.51 |
| EGI | $46.3k | $6.93 |
| − OpEx | −$6.9k | −$1.04 |
| NOI | $39.3k | $5.89 |
6,675 SF · lease $7.44/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Self Storage
$696.3K
$609.2K – $812.3K
NOI $48,739 @ 7.0% cap · market cap 9.75%
Second Best
Warehouse
$562.0K
$491.8K – $655.7K
NOI $39,342 @ 7.0% cap · market cap 7.87%
Theoretical Best
Multifamily LT 5
$71.90M
$62.91M – $83.88M
NOI $5,032,910 @ 7.0% cap · market cap 1,006.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,781
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Small storage facility with climate-controlled units, comprising 39 total units near I-20 access.
Where is this self storage facility located?
The property is located at 606 N 5th St Monroe, LA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 39‑unit climate‑controlled storage facility; Built in 1965; Located just off Louisville Avenue in Monroe
