Commercial Warehouse/Office Buildings For
For Sale
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363 VENABLE LANE, Monroe, LA 71203
Commercial warehouse and office buildings near CenturyLink/Lumen and IBM.
Property Size6,800 SF
Lot Size3.50 Acres
Price / SF$139.71
Days on Market701
Property Features for 363 VENABLE LANE
General Information
Standard status
Active
Size
6,800 SF
Lot size
3.50 Acres
Property subtype
Office
Listing Agency:
Coldwell Banker Group One Realty
(318) 362-0007
Listed By:
Bill Perkins · License #LA
Source:
Crexi
Added: Sep 21, 2024
Changed: Aug 20
Last Checked: Aug 21 at 11:55AM
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.
Commercial warehouse and office buildings are available for purchase on a 3 to 4 acre lot. The property is located near CenturyLink/Lumen and IBM buildings, just off Hwy 165N. Formerly a Uniti Fiber Optic corporate office, a statewide fiber Internet provider, all buildings are interconnected with Uniti fiber optic with fiber service to Dallas, New Orleans, and Atlanta via divergent routes with Lumen/CenturyLink service available at Highway 165 vault. The facilities include two 240 square foot bunker buildings and are supported by a 70 KW Generac generator system. Building #1 has 5,200 square feet, with approximately 2,000 square feet of warehouse storage and approximately 3,200 square feet of heated office space. This building also features a large over-door, a full kitchen, one bath, and a 1,500 square foot lean shed, plus a new metal roof. Building #2 has approximately 1,200 square feet of heated space, including 4 or 5 offices, a meeting room, a storage room, one bath, and a break area. Buildings 3 & 4 are steel reinforced concrete storm bunker buildings. The property is listed as part of a larger property which includes approximately a 6,000 square foot single family home, a large RV garage, a 5 door storage shed, and an additional 7 or 8 acres. The owner will consider separating and selling the commercial buildings. The total property size is 6,800 square feet.
Key Highlights
- Prime location near CenturyLink/Lumen and IBM, with easy access to Hwy 165N.
- Existing fiber optic infrastructure from Uniti, with service to Dallas, New Orleans, and Atlanta.
- Includes a 70 KW Generac generator system for backup power.
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
$58,556
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
6.16%
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%
$1,171,120
$1.2M
Cap Rate 7%
$836,514
$836.5K
Cap Rate 9%
$650,622
$650.6K
Market Conditions
NOI Build-Up for 6,800 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
$97.9K $14.40/SF
− Vacancy
−$7.8K −$1.15/SF
EGI
$90.1K $13.25/SF
− OpEx
−$31.5K −$4.64/SF
NOI
$58.6K $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%
$1,171,120
Cap Rate 7%
$836,514
Cap Rate 9%
$650,622
Alternative Uses
Best Use
Flex RnD
$836.5K
$732.0K – $975.9K
NOI $58,556 @ 7.0% cap · market cap 6.16%
Second Best
Industrial
$490.6K
$429.3K – $572.4K
NOI $34,343 @ 7.0% cap · market cap 3.62%
Theoretical Best
Multifamily LT 5
$73.25M
$64.09M – $85.45M
NOI $5,127,160 @ 7.0% cap · market cap 539.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
88
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial warehouse and office buildings near CenturyLink/Lumen and IBM.
Where is this flex space located?
The property is located at 363 VENABLE LANE 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: Prime location near CenturyLink/Lumen and IBM, with easy access to Hwy 165N.; Existing fiber optic infrastructure from Uniti, with service to Dallas, New Orleans, and Atlanta.; Includes a **70 KW Generac generator system for backup power.**
