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Property profile & analytics
FOR SALE
Office Spaces

328 Desiard St Monroe, LA 71201

0.23 ac lot Built 1904
Entity Owned Absentee Owner Free & Clear
Property ID
US36-0429792
Property summary
AI-generated overview

This exceptional Class A office building, totaling 25,000 square feet, presents a unique opportunity for immediate occupancy. Located in Monroe, Louisiana's Central Business District (CBD), this three-story building boasts a desirable location, offering convenient access to the freeway (within a half-mile). Previously occupied by a Blue Cross/Blue Shield subsidiary, the property features a mix of private offices, open workspaces, and a large training room, ideal for a corporate headquarters. The building underwent renovations in 2014, complementing its original 1930 construction. The 25,000 square foot building includes 24,000 square feet of office space and 1,000 square feet of mechanical space. Floor plans consist of 9,000 square feet on the first floor, and 8,000 square feet each on the second and third floors. A significant advantage is the inclusion of a 21,120 square foot paved and secured lot providing ample parking for employees and visitors (approximately 32 spaces). The property enjoys excellent street frontage on Desiard, Catalpa, and Harrison Streets. Utilities, including HVAC, are fully operational. A passenger elevator is also available. The property sits in a flood zone X area and is zoned for high-density commercial use. Nearby prominent neighbors include the Ouachita Parish Courthouse, St. Francis Hospital, the 141 Building, and Vantage Healthcare. The asking price is $2,100,000, translating to $84 per square foot. This is a turnkey solution for a business seeking a prestigious and functional corporate headquarters in a thriving downtown location.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1904
Lot 0.23 ac (10,152 SF)
APN 83932
UPID US36-0429792
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Affinity Health Group Corporate Annex Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
MONROE DEVELOPMENT LLC
MONROE DEVELOPMENT LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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