Listing Agency: eXp Realty, LLC

Listed By: John Howard Show Phone

Source: Johnhoward.exprealty

Added: Jul 10 Changed: Sep 9 Last Checked: Oct 7 at 9:23AM

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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.

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 / Yr

$99,231

Cap Rate

5.84%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $12,694,244 @ 7.0% cap · market cap 747.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

R2 Rentals Waste Management Facility

Suggested Use

Top Pick Electrical Service Building Supply Garden Center (Bike/Boat/Book/etc) Store Home Appliance Store Big Box & Wholesale Store

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

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

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 warehouses 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?

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