Two-Warehouse Industrial
For Sale
$1,699,000
8676 Millhaven Road Monroe, Monroe, LA 71203
Industrial tract with blacktop road frontage and two warehouses plus a small office.
Property Size16,836 SF
Price / SF$100.91
Days on Market50
Property Features for 8676 Millhaven Road Monroe
General Information
Standard status
Active
Size
16,836 SF
Property subtype
Land
Amenities
Available
Listing Agency:
eXp Realty, LLC
(318) 680-9141
Listed By:
John Howard
(318) 680-9141
Source:
Johnhoward.exprealty
Added: Jul 10
Changed: Aug 8
Last Checked: Aug 28 at 7:54AM
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 sale offering includes a tract with blacktop road frontage and an industrial configuration of two warehouses and a small office. The overall building size is listed at 1,128 square feet, with Warehouse #1 identified at 9,180 square feet and Warehouse #2 identified at 6,528 square feet.
The property fronts I-20 as well as Millhaven Road and Wagon Wheel Road. The public remarks note the site as having multiple development options.
The warehouse-and-office layout provides space for industrial storage or related uses within a single tract featuring multiple warehouse sizes.
The property fronts I-20 as well as Millhaven Road and Wagon Wheel Road. The public remarks note the site as having multiple development options.
The warehouse-and-office layout provides space for industrial storage or related uses within a single tract featuring multiple warehouse sizes.
Key Highlights
- Tract with blacktop road frontage on I‑20, Millhaven Rd and Wagon Wheel Rd
- Two warehouses plus a small office on site
- Warehouse #1: 9,180 SF
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
$99,231
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
5.84%
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%
$1,984,620
$2.0M
Cap Rate 7%
$1,417,586
$1.4M
Cap Rate 9%
$1,102,567
$1.1M
Market Conditions
NOI Build-Up for 16,836 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
$125.3K $7.44/SF
− Vacancy
−$8.5K −$0.51/SF
EGI
$116.7K $6.93/SF
− OpEx
−$17.5K −$1.04/SF
NOI
$99.2K $5.89/SF
Area
Ouachita County, LA
Vacancy
6.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
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%
$1,984,620
Cap Rate 7%
$1,417,586
Cap Rate 9%
$1,102,567
Alternative Uses
Best Use
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,231 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
35
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial tract with blacktop road frontage and two warehouses plus a small office.
Where is this warehouse located?
The property is located at 8676 Millhaven Road Monroe 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: Tract with blacktop road frontage on I‑20, Millhaven Rd and Wagon Wheel Rd; Two warehouses plus a small office on site; Warehouse #1: 9,180 SF
