Automotive Flex Property with
For Sale
Contact for pricing
814 THOMAS RD, West Monroe, LA 71292
Versatile commercial space with spacious work areas and ample parking, suited to a range of automotive and service uses.
Property Size2,243 SF
Price / SF$178.33
Days on Market102
Property Features for 814 THOMAS RD
General Information
Standard status
Active
Size
2,243 SF
Total Parking Spaces
20
Property subtype
Retail, Industrial, Special Purpose
Building Details
Year Built
2003
Buildings
2
Units
1
Listing Agency:
THLT Realty
Listed By:
DJ Fortenberry · License #LA995703403
Source:
Crexi
Added: Jun 10
Changed: Sep 12
Last Checked: Sep 19 at 9:20AM
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 THLT Realty
Investment Insights
Based on property information with market context.
This for-sale automotive flex property at 814 THOMAS RD, WEST MONROE, LA 71292 is designed around practical operations, with spacious work areas and a flexible layout that can support a variety of business needs. The property also includes ample parking, which can help streamline customer and vehicle access for everyday activity.
The site is presented as being located in a highly accessible area, with visibility and high traffic exposure noted in the remarks. While those factors can be important to many commercial concepts, the more tangible takeaway here is the combination of functional interior work space and parking that supports on-site operations.
Owner-operators and tenant users typically gravitate toward spaces like this when they need room to work and a configuration that can adjust as their business evolves. Because this is a flex-style offering, it may fit a range of automotive and service-oriented users looking for a straightforward property to run their operation from. The property is listed for sale at $400,000, and the total property size is 2,243 square feet, providing a compact footprint for businesses that want to be efficient while staying operationally capable.
The site is presented as being located in a highly accessible area, with visibility and high traffic exposure noted in the remarks. While those factors can be important to many commercial concepts, the more tangible takeaway here is the combination of functional interior work space and parking that supports on-site operations.
Owner-operators and tenant users typically gravitate toward spaces like this when they need room to work and a configuration that can adjust as their business evolves. Because this is a flex-style offering, it may fit a range of automotive and service-oriented users looking for a straightforward property to run their operation from. The property is listed for sale at $400,000, and the total property size is 2,243 square feet, providing a compact footprint for businesses that want to be efficient while staying operationally capable.
Key Highlights
- Commercial property built in 2003
- Versatile layout with spacious work areas suited to a range of automotive and service uses
- Ample parking available for customers and employees
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
$11,328
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
2.83%
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%
$226,560
$226.6K
Cap Rate 7%
$161,829
$161.8K
Cap Rate 9%
$125,867
$125.9K
Market Conditions
NOI Build-Up for 2,243 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
$17.5K $7.80/SF
− Vacancy
−$1.3K −$0.59/SF
EGI
$16.2K $7.22/SF
− OpEx
−$4.9K −$2.16/SF
NOI
$11.3K $5.05/SF
Area
Ouachita County, LA
Vacancy
7.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
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%
$226,560
Cap Rate 7%
$161,829
Cap Rate 9%
$125,867
Alternative Uses
Best Use
Retail
$879.3K
$769.4K – $1.03M
NOI $61,550 @ 7.0% cap · market cap 15.39%
Second Best
Industrial
$161.8K
$141.6K – $188.8K
NOI $11,328 @ 7.0% cap · market cap 2.83%
Theoretical Best
Multifamily LT 5
$24.16M
$21.14M – $28.19M
NOI $1,691,209 @ 7.0% cap · market cap 422.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
151k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 22%
Groceries 6%
Hotels & Casinos 3%
Texas Roadhouse
Dining
39,853 visits/mo
0.5 miles
Golden Corral
Dining
16,794 visits/mo
0.5 miles
Circle K
Shops & Services
15,094 visits/mo
0.2 miles
SONIC Drive In
Dining
13,965 visits/mo
0.4 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
10,520 visits/mo
0.4 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
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Frequently Asked Questions
What type of property is this?
Auto shop - Versatile commercial space with spacious work areas and ample parking, suited to a range of automotive and service uses.
Where is this auto shop located?
The property is located at 814 THOMAS RD West Monroe, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Commercial property built in 2003; Versatile layout with spacious work areas suited to a range of automotive and service uses; Ample parking available for customers and employees
