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 Market95
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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
Listed By:
John Howard
(318) 680-9141
Source:
Johnhoward.exprealty
Added: Jul 13
Changed: Oct 8
Last Checked: Oct 7 at 9:19AM
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 / Yr
$68,963
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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
