Industrial Tract with Two
8676 MILLHAVEN ROAD Monroe, LA 71203
For Sale
$1,699,000
LAND - Monroe, LA
Property Size16,836 SF
Lot Size21.00 Acres
Price / SF$100.91
Days on Market130
Property Features for 8676 MILLHAVEN ROAD
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 68160, 33083, 13626
- Lot size
- 21.00 Acres
Taxes and HOA fees
- Tax Description
- Sec 1, T17N, R4E containing 21+/- acres
Utilities
- Water source
- Public
Listing Agency:
John Rea Realty
(318) 388-0941
Listed By:
Robert Oliver · License #0000018725
(318) 680-1369
Added: Mar 18
Changed: Jul 1
Last Checked: Jul 25 at 1:06PM
MLS# 218535
Copyright © 2026 Northeast Louisiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 21-acre industrial tract includes two warehouse buildings and a small office. Warehouse #1 is 9,180 sq ft, and Warehouse #2 is 6,528 sq ft, providing multiple space options on the same site.
The property features blacktop road frontage on I-20, Millhaven Rd, and Wagon Wheel Rd, supporting straightforward access for deliveries, service vehicles, and day-to-day operations.
As listed, the site is positioned as a development property with multiple options, while still offering functional warehouse and office space for buyers who want an operating component on day one. The combination of two separate warehouse facilities and an on-site office can fit users looking for warehouse flexibility, a distribution-style layout, or workspace for supervisory and administrative functions.
The property features blacktop road frontage on I-20, Millhaven Rd, and Wagon Wheel Rd, supporting straightforward access for deliveries, service vehicles, and day-to-day operations.
As listed, the site is positioned as a development property with multiple options, while still offering functional warehouse and office space for buyers who want an operating component on day one. The combination of two separate warehouse facilities and an on-site office can fit users looking for warehouse flexibility, a distribution-style layout, or workspace for supervisory and administrative functions.
Key Highlights
- Industrial tract with blacktop road frontage on I‑20, Millhaven Rd, and Wagon Wheel Rd
- Includes 2 warehouses and 1 small office
- Warehouse #1 size: 9,180 SF
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.3k | $7.44 |
| − Vacancy | −$8.5k | −$0.51 |
| EGI | $116.7k | $6.93 |
| − OpEx | −$17.5k | −$1.04 |
| NOI | $99.2k | $5.89 |
16,836 SF · lease $7.44/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$7.24M
$6.34M – $8.45M
NOI $507,030 @ 7.0% cap · market cap 29.84%
Second Best
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,231 @ 7.0% cap · market cap 5.84%
Theoretical Best
Multifamily LT 5
$181.35M
$158.68M – $211.57M
NOI $12,694,244 @ 7.0% cap · market cap 747.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
R2 Rentals
Waste Management Facility
FAQs
What type of property is this?
Warehouse - Two warehouse buildings plus a small office on a 21-acre tract with blacktop road frontage.
Where is this warehouse located?
The property is located at 8676 MILLHAVEN ROAD Monroe, LA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Industrial tract with blacktop road frontage on I‑20, Millhaven Rd, and Wagon Wheel Rd; Includes 2 warehouses and 1 small office; Warehouse #1 size: 9,180 SF
