Building Details

Building materials Metal

Roof type Metal

Additional Structures None

Listing Agency: Keller Williams Parishwide Partners · Keller Williams Realty Show Phone

Listed By: Dustin James · License #0912124481 Show Phone

Added: Apr 29 Changed: Sep 9 Last Checked: Sep 9 at 2:06AM

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MLS# 219169

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 approximately 16,842-square-foot industrial warehouse occupies about 0.97 acres and features a clear-span metal structure built circa 1980. The mostly open interior includes restrooms and minimal improvements, giving an owner-user a straightforward layout for warehouse, logistics, contractor, or equipment-based operations. Eave heights range from approximately 13 feet to 15 feet, with a 16-foot peak. Two 12' x 12' grade-level roll-up doors support drive-through movement for trucks, trailers, and equipment.

The site includes a fully fenced concrete yard suited to secure storage, equipment staging, and vehicle maneuvering. Three-phase power is in place for heavier equipment, and frontage road access supports daily site circulation. The property is constructed with metal materials and has a metal roof.

Key Highlights

• Approximately 16,842 SF industrial warehouse on 0.97 acres
• Fully fenced concrete yard for storage, staging, and equipment maneuvering
• Two 12' x 12' grade‑level roll‑up doors provide drive‑through capability

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

$85,061

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

8.95%

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%

$1,701,220 $1.7M

Cap Rate 7%

$1,215,157 $1.2M

Cap Rate 9%

$945,122 $945.1K

Market Conditions

NOI Build-Up for 16,842 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

$131.4K $7.80/SF

− Vacancy

−$9.9K −$0.59/SF

EGI

$121.5K $7.22/SF

− OpEx

−$36.5K −$2.16/SF

NOI

$85.1K $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%

$1,701,220

Cap Rate 7%

$1,215,157

Cap Rate 9%

$945,122

Alternative Uses

Best Use

Flex RnD

$2.07M

$1.81M – $2.42M (±1% cap)

NOI $145,030 @ 7.0% cap · market cap 15.27%

Second Best

Industrial

$1.22M

$1.06M – $1.42M (±1% cap)

NOI $85,061 @ 7.0% cap · market cap 8.95%

Theoretical Best

Multifamily LT 5

$181.41M

$158.73M – $211.65M (±1% cap)

NOI $12,698,768 @ 7.0% cap · market cap 1,336.71%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Flex space

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.

Lease Details

2

Drive-in doors

Yes

Fenced yard

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

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 industrial properties 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?

Industrial property - Open warehouse space with drive-through access, three-phase power, and a secured concrete yard for equipment operations.

Where is this industrial property located?

The property is located at 8680 FRONTAGE ROAD Monroe, LA.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Approximately 16,842 SF industrial warehouse on 0.97 acres; Fully fenced concrete yard for storage, staging, and equipment maneuvering; Two 12' x 12' grade‑level roll‑up doors provide drive‑through capability