Grocery and Convenience
For Sale
$1,600,000
709 & 711 Smith Street West Monroe, West Monroe, LA 71292
Retail property with private bathrooms, exterior lighting, and security features.
Property Size5,400 SF
Price / SF$296.30
Days on Market49
Property Features for 709 & 711 Smith Street West Monroe
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Commercial
Amenities
Central Air
Electric
On Site
Cable,Gas
Private Bathrooms
Lighting/Security
Listing Agency:
eXp Realty, LLC
(318) 680-9141
Listed By:
John Howard
(318) 680-9141
Source:
Johnhoward.exprealty
Added: Jul 13
Changed: Aug 29
Last Checked: Aug 29 at 11:41PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This grocery and convenience store is located at 709 & 711 Smith Street in West Monroe, Louisiana. The property includes private bathrooms and exterior lighting and security features. The source information also identifies recurring pedestrian and vehicle traffic at the store. No gas pumps are included.
Key Highlights
- Grocery and convenience store at 709 & 711 Smith Street
- Private bathrooms included
- Exterior lighting and security features
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
$68,963
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
4.31%
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%
$1,379,260
$1.4M
Cap Rate 7%
$985,186
$985.2K
Cap Rate 9%
$766,256
$766.3K
Market Conditions
NOI Build-Up for 5,400 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
$97.2K $18.00/SF
− Vacancy
−$5.2K −$0.97/SF
EGI
$92.0K $17.03/SF
− OpEx
−$23.0K −$4.26/SF
NOI
$69.0K $12.77/SF
Area
Ouachita County, LA
Vacancy
5.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,379,260
Cap Rate 7%
$985,186
Cap Rate 9%
$766,256
Alternative Uses
Best Use
Retail
$2.12M
$1.85M – $2.47M
NOI $148,181 @ 7.0% cap · market cap 9.26%
Second Best
Specialty Retail
$985.2K
$862.0K – $1.15M
NOI $68,963 @ 7.0% cap · market cap 4.31%
Theoretical Best
Multifamily LT 5
$58.17M
$50.89M – $67.86M
NOI $4,071,568 @ 7.0% cap · market cap 254.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,928 visits/mo
0.2 miles
Demographics for 71292, LA
22,774
Population
10,257
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
84%
High-School Grad
153.7 sq mi
ZIP Area
148
Density / Sq Mi
$51,317
Median Household Income
$40,879
Median Earnings
$885
Median Rent
$119,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail property with private bathrooms, exterior lighting, and security features.
Where is this grocery and convenience store located?
The property is located at 709 & 711 Smith Street West Monroe West Monroe, LA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Grocery and convenience store at 709 & 711 Smith Street; Private bathrooms included; Exterior lighting and security features
