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    2399 Ferrand St Monroe, LA 71201

    For Sale
    $875,000

    8-Unit Retail Center, High Occupancy

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A, mixed-use commercial-retail center in Monroe, Louisiana, presents a compelling investment opportunity. The 8,000 square foot property, built in 2016, boasts 100% occupancy across eight units, each featuring 800 square feet of warehouse/storage space with 12' roll-up doors and 14' ceilings, plus 200 square feet of office space and a handicapped-accessible restroom. Currently operating under a modified net lease with a remaining term of one year, the property generates a substantial net operating income (NOI) of $72,830, representing an 8.32% cap rate at an asking price of $875,000 ($118.75/sq ft). Annual rents recently increased by $7,800, reaching $103,800. Further rent increases are projected in May 2025. The property sits on a 0.62-acre lot with 35 parking spaces and is strategically located in Monroe's business district, offering excellent visibility and convenient access to major roadways including Highway 165, Highway 80, I-20, and is less than a mile from the University of Louisiana at Monroe. The property is zoned B-2 and includes rent bumps. Tenants are responsible for base rent, utilities, and a portion of repairs, while the owner covers internet, security, and garbage. All information is deemed reliable but not guaranteed

    Property Features for 2399 Ferrand St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,000 SF
    Class
    A
    Lot Size
    27,007 SF

    Building Details

    Year Built
    2016
    Buildings
    1
    Stories
    1
    Units
    8

    HighLights

    • 100% Occupancy.
    • Excellent condition. Centrally located in the Business District.
    • Financial statements and rent roll available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Swallowing Clinic of NELA Speech Pathologist Extreme Shades Pro ... Window Tinting Service Where Da Party At Gift Shop Millennial Cookie Cookie Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita Parish
    State
    Louisiana
    Longitude
    -92.083187429747
    Latitude
    32.530866710138

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    FAQs

    What type of property is this?
    Individual retail property - 8-Unit Retail Center, High Occupancy
    Where is this individual retail property located?
    The property is located at 2399 Ferrand St Monroe, LA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: 100% Occupancy.; Excellent condition. Centrally located in the Business District.; Financial statements and rent roll available upon request.
    Request Owner's contact information
    2399 Ferrand St Monroe, LA 71201
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    Monroe, LA 71201
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    Realmo Value Estimation

    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.

    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.

    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
    2399 Ferrand St Monroe, LA 71201
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