Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    North Monroe Commercial Space Title is generated by Realmo AI

    2701 Oliver Rd, Monroe, LA 71201

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial space with six units in a high-traffic location.

    Type:Mixed Use
    Property size:
    5,976 SF
    Price / SF:
    $58/SF
    Added:
    Jun 26, 2024
    Days on Market:
    709
    Last Refresh:
    May 12 at 10:00 pm

    Property Features for 2701 Oliver Rd

    General Information

    Standard status
    Active
    Size
    5,976 SF
    Property subtype
    Mixed Use

    Building Details

    Year Built
    1961

    We can help!

    Listing Contact
    Dustin James

    Listing agent Dustin James License #LA 0912124481

    Listing office Keller Williams Realty Monroe

    Listing date Jun 26, 2024

    Source Crexi

    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 Keller Williams Realty Monroe

    HighLights

    • Great commercial space
    • Located in North Monroe
    • Offers 6 units
    • Close to Forsythe Avenue
    • High daily traffic location
    • Year Built: 1961

    Overview

    This commercial space is located in North Monroe. The property includes 6 units. Situated close to Forsythe, the location benefits from significant daily traffic. The property size is 5976 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cajun Mobility (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.107803
    Latitude
    32.541906

    Nearby Similar for Sale

    • $138,000
      8,720 SF

      Monroe Office and Warehouse Property

      Office and warehouse property on 0.47 acres in Monroe, LA.
      2801 Desiard Street, Monroe, LA 71201
      View Details
    • $700,000
      14,000 SF

      Historic Retail Building in Monroe

      14,000 SF historic building in the Riverside Monroe Cultural District.
      510 Walnut, Monroe, LA 71201
      View Details
    • $100,000

      Office/Warehouse Flex Building

      Office and warehouse layout with multiple front entrances supports owner-occupancy or multi-tenant use.
      2830 BREARD STREET, Monroe, LA 71201
      View Details
    • $6,825,000
      9,070 SF

      Retail Space in Danville Plaza

      9,070 SF retail space available for lease.
      1900-2010 Louisville Ave, Monroe, LA
      View Details
    • $2,596,000

      Two-Tenant Retail Outparcel Building

      Multi-tenant retail building anchored near major box retailers with proven specialty apparel and formalwear demand.
      4301 Pecanland Mall Drive, Suites A & B, Monroe, LA 71203
      View Details
    • $145,000

      Monroe LA Duplex Investment Opportunity

      Income-producing duplex near ULM, offering investment or owner-occupancy potential.
      1202 MCGUIRE AVENUE, Monroe, LA 71203
      View Details
    • $1,000,000
      2,590 SF

      Jiffy Lube Investment Opportunity

      NNN Jiffy Lube in Monroe, LA with long-term tenant.
      2602 Ferrand St, Monroe, LA 71201
      View Details
    • $47,500

      Flexible Retail and Community Building

      Renovated storefront with multiple rooms and bathroom facilities, well suited for retail, salon, daycare, or religious use.
      1408 SECOND STREET, Monroe, LA 71202
      View Details
    • $295,000
      12,000 SF

      Versatile Warehouse with Fenced Perimeter

      12,000 SF warehouse with flexible office build-out options.
      1933 Winnsboro Rd, Monroe, LA
      View Details
    • $2,742,000
      3,498 SF

      New b1BANK Relocation Site

      New construction b1BANK relocation site with drive-thru lanes.
      2271 Tower Dr, Monroe, LA
      View Details
    • $2,761,500
      9,372 SF

      Retail Property in Prime Location

      Two-tenant retail space in Monroe's commercial district.
      4301 Pecanland Mall Dr, Monroe, LA 71203
      View Details
    • $1,250,000
      22,224 SF

      Versatile Warehouse with Rail Access

      20,496 SF warehouse with office space and rail access.
      2920 COMMERCE ST, MONROE, LA
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial space with six units in a high-traffic location.
    Where is this mixed-use property located?
    The property is located at 2701 Oliver Rd Monroe, LA.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Great commercial space; Located in North Monroe; Offers 6 units
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dustin James
    Real Estate License ID: LA 0912124481
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2701 Oliver Rd, Monroe, LA 71201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!