Four-Office
For Sale
Contact for pricing
609 N 5th Street, Monroe, LA 71201
A reception area and break room complement the private office layout.
Property Size1,500 SF
Price / SF$1.00
Days on Market9
Property Features for 609 N 5th Street
General Information
Standard status
Active
Size
1,500 SF
Additional Details
Condition
Newly Renovated
Road Access
Yes
Property Use
Office
Listing Agency:
Keller Williams Parishwide Partners
Listed By:
Misti Hajj · License #0000036718
(318) 348-5945
Source:
Exprealty
Added: Oct 29
Changed: Nov 4
Last Checked: Nov 4 at 12:55PM
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 Keller Williams Parishwide Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500-square-foot office suite includes four private offices, a reception area, and a break room. The space has been updated recently.
Located in Downtown Monroe, the property is accessible from Louisville Avenue and is in a high-traffic area. The address is 609 N 5th Street, Monroe, LA 71201.
Located in Downtown Monroe, the property is accessible from Louisville Avenue and is in a high-traffic area. The address is 609 N 5th Street, Monroe, LA 71201.
Key Highlights
- Four private offices in a 1,500‑square‑foot suite
- Reception area and break room
- Recently updated office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,174
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,480
$903.5K
Cap Rate 7%
$645,343
$645.3K
Cap Rate 9%
$501,933
$501.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$77.2K $51.48/SF
− Vacancy
−$17.0K −$11.33/SF
EGI
$60.2K $40.15/SF
− OpEx
−$15.1K −$10.04/SF
NOI
$45.2K $30.12/SF
Area
Ouachita County, LA
Vacancy
22.00%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,480
Cap Rate 7%
$645,343
Cap Rate 9%
$501,933
Alternative Uses
Best Use
Office B
$645.3K
$564.7K – $752.9K
NOI $45,174 @ 7.0% cap · market cap 3,011.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.16M
$14.14M – $18.85M
NOI $1,130,991 @ 7.0% cap · market cap 75,399.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area and break room complement the private office layout.
Where is this office unit located?
The property is located at 609 N 5th Street Monroe, LA.
What are key features of this property?
This property features: Four private offices in a 1,500‑square‑foot suite; Reception area and break room; Recently updated office space
