West Monroe Flex Space
For Sale
Contact for pricing
921 CYPRESS STREET, West Monroe, LA 71291
Office/retail space with warehouse and roll-up doors in West Monroe.
Property Size2,500 SF
Price / SF$110
Days on Market180
Property Features for 921 CYPRESS STREET
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Retail
Zoning
B-3
Listing Agency:
Coldwell Banker Group One Realty
(318) 362-0007
Listed By:
Brian Avara · License #995713929
Source:
Crexi
Added: Feb 13
Changed: Aug 8
Last Checked: Aug 8 at 6:27AM
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 Coldwell Banker Group One Realty
Investment Insights
Based on property information with market context.
This property offers approximately 400 square feet of office or retail area, complemented by a 2,000-square-foot warehouse in the back. The warehouse features four roll-up doors. The property is centrally located within the city limits of West Monroe and is suitable for various business types.
Key Highlights
- 2000 sq ft warehouse space with 4 roll‑up doors for easy access.
- 400 sq ft of office/retail space, ideal for customer interaction.
- Suitable for businesses needing warehouse space.
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
$21,528
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
7.83%
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%
$430,560
$430.6K
Cap Rate 7%
$307,543
$307.5K
Cap Rate 9%
$239,200
$239.2K
Market Conditions
NOI Build-Up for 2,500 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
$36.0K $14.40/SF
− Vacancy
−$2.9K −$1.15/SF
EGI
$33.1K $13.25/SF
− OpEx
−$11.6K −$4.64/SF
NOI
$21.5K $8.61/SF
Area
Ouachita County, LA
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$430,560
Cap Rate 7%
$307,543
Cap Rate 9%
$239,200
Alternative Uses
Best Use
Retail
$980.0K
$857.5K – $1.14M
NOI $68,602 @ 7.0% cap · market cap 24.95%
Second Best
Flex RnD
$307.5K
$269.1K – $358.8K
NOI $21,528 @ 7.0% cap · market cap 7.83%
Theoretical Best
Multifamily LT 5
$26.93M
$23.56M – $31.42M
NOI $1,884,985 @ 7.0% cap · market cap 685.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71291, LA
34,670
Population
15,290
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
91%
High-School Grad
65.5 sq mi
ZIP Area
529
Density / Sq Mi
$69,012
Median Household Income
$46,127
Median Earnings
$974
Median Rent
$219,700
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?
Flex space - Office/retail space with warehouse and roll-up doors in West Monroe.
Where is this flex space located?
The property is located at 921 CYPRESS STREET West Monroe, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2000 sq ft warehouse space with 4 roll‑up doors for easy access.; 400 sq ft of office/retail space, ideal for customer interaction.; Suitable for businesses needing warehouse space.
