Listing Agency: NAI Faulk & Foster Show Phone

Listed By: JW Perry · License #0995683525 Show Phone

Source: Moodyscre

Added: Sep 29 Changed: Oct 1 Last Checked: Oct 5 at 9:01PM

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Investment Insights

Based on property information with market context.

This 4,254-square-foot flex building has an overhead door and an interior that has been partially opened up. Its layout can be reworked for office, showroom, warehouse, shop, or storage use. Additional land is available for outdoor storage, a laydown area, or possible expansion, and the interior offers room for renovation and buildout to suit a new occupant.

The property is on Highway 165 in the North Monroe–Sterlington growth corridor, with access to Monroe, Sterlington, and nearby markets.

Key Highlights

• 4,254‑square‑foot flex building
• Overhead door for warehouse, shop, or storage functions
• Partially opened interior with office, showroom, and warehouse layout potential

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,632

Cap Rate

6.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$732,640 $732.6K

Cap Rate 7%

$523,314 $523.3K

Cap Rate 9%

$407,022 $407.0K

Market Conditions

NOI Build-Up for 4,254 SF

Gross rent

$61.3K $14.40/SF

− Vacancy

−$4.9K −$1.15/SF

EGI

$56.4K $13.25/SF

− OpEx

−$19.7K −$4.64/SF

NOI

$36.6K $8.61/SF

Area

Ouachita County, LA

Vacancy

8.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$732,640

Cap Rate 7%

$523,314

Cap Rate 9%

$407,022

Alternative Uses

Best Use

Flex RnD

$523.3K

$457.9K – $610.5K (±1% cap)

NOI $36,632 @ 7.0% cap · market cap 6.37%

Second Best

Warehouse

$358.2K

$313.4K – $417.9K (±1% cap)

NOI $25,073 @ 7.0% cap · market cap 4.36%

Theoretical Best

Multifamily LT 5

$45.82M

$40.09M – $53.46M (±1% cap)

NOI $3,207,491 @ 7.0% cap · market cap 557.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Plumbing Service Building Supply (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

41

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 71203, LA

37,438

Population

17,178

Households

2.2

Avg Household Size

35

Median Age

32%

College-Educated

90%

High-School Grad

118.5 sq mi

ZIP Area

316

Density / Sq Mi

$46,822

Median Household Income

$35,630

Median Earnings

$987

Median Rent

$181,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - An adaptable interior can accommodate office, showroom, warehouse, shop, or storage functions.

Where is this flex space located?

The property is located at 7890 Highway 165 N Monroe, LA.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 4,254‑square‑foot flex building; Overhead door for warehouse, shop, or storage functions; Partially opened interior with office, showroom, and warehouse layout potential