Climate-Controlled Storage
For Sale
$449,000
606 N 5th St, Monroe, LA 71201
Small storage facility with climate-controlled units, comprising 39 total units near I-20 access.
Property Size6,675 SF
Days on Market63
Property Features for 606 N 5th St
General Information
Standard status
Active
Size
6,675 SF
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
Listed By:
Dathan Phillips · License #0000017199-ACT
(318) 355-7000
Source:
Commercialcafe
Added: Jul 26
Changed: Sep 21
Last Checked: Sep 24 at 6:57AM
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
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
$39,342
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
8.76%
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%
$786,840
$786.8K
Cap Rate 7%
$562,029
$562.0K
Cap Rate 9%
$437,133
$437.1K
Market Conditions
NOI Build-Up for 6,675 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
$49.7K $7.44/SF
− Vacancy
−$3.4K −$0.51/SF
EGI
$46.3K $6.93/SF
− OpEx
−$6.9K −$1.04/SF
NOI
$39.3K $5.89/SF
Area
Ouachita County, LA
Vacancy
6.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
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%
$786,840
Cap Rate 7%
$562,029
Cap Rate 9%
$437,133
Alternative Uses
Best Use
Self Storage
$696.3K
$609.2K – $812.3K
NOI $48,739 @ 7.0% cap · market cap 10.86%
Second Best
Warehouse
$562.0K
$491.8K – $655.7K
NOI $39,342 @ 7.0% cap · market cap 8.76%
Theoretical Best
Multifamily LT 5
$71.90M
$62.91M – $83.88M
NOI $5,032,910 @ 7.0% cap · market cap 1,120.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
679
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 Industrial in South region
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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 $449,000.
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
