Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2257 Louisville Ave Monroe, LA 71201

    • Office Properties & Spaces
    • 22,560 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spartan Adventure Park LLC / Arcade & Gaming Center / Family Recreation Center

    Property Details for 2257 Louisville Ave

    Property size
    22,560 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional 22,560 square foot commercial space, previously occupied by Spartan Adventure Park, is now available for lease within the bustling Twin City Shopping Center in Monroe, Louisiana. The property boasts a spacious first floor layout, offering 22,560 square feet of adaptable area, complemented by an additional 2,555 square feet on the second floor. The open ceiling height features a dramatic slope, ranging from 19 feet at the front to 18 feet 4 inches at the rear, creating a dynamic and impressive interior. The building is equipped with a comprehensive automatic sprinkler system, ensuring safety and peace of mind. With a maximum height limitation of 40 feet, the two-story structure provides ample vertical space. The property includes convenient restroom facilities, featuring three 2-stall restrooms and two private restrooms. This versatile space is ideal for a variety of uses, and the landlord is open to negotiating build-to-suit options and tenant improvements to meet specific needs. Detailed floor plans are available upon request. This prime location within a thriving shopping center offers excellent visibility and accessibility, making it an exceptional opportunity for a discerning tenant. The occupant load is rated at 600. The listed price is $10,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    OUACHITA
    State
    Louisiana
    Longitude
    -92.1021
    Latitude
    32.5225

    Comparable in this City

    • Value Estimation by Request
      2,909 SF

      801 31St St

      Office Properties & Spaces • 2,909 SF
      801 31St St, Monroe, LA 71201
      View Details
    • Value Estimation by Request
      0.05 Acres

      220 Desiard St

      OFFICE (GENERAL) • 0.05 Acres
      220 Desiard St, Monroe, LA 71201-7334
      View Details
    • Value Estimation by Request
      0.36 Acres

      408 Hall St

      OFFICE (GENERAL) • 0.36 Acres
      408 Hall St, Monroe, LA 71201-7529
      View Details
    • Value Estimation by Request
      0.26 Acres

      100 Bry St

      OFFICE (GENERAL) • 0.26 Acres
      100 Bry St, Monroe, LA 71201-8406
      View Details
    • Value Estimation by Request
      0.19 Acres

      409 3rd St

      OFFICE (GENERAL) • 0.19 Acres
      409 3rd St, Monroe, LA 71201-6735
      View Details
    • Value Estimation by Request

      1800 Hudson Ln

      OFFICE (GENERAL)
      1800 Hudson Ln, Monroe, LA 71201-5746
      View Details

    Similar Nearby for Sale

    • $800,000
      8,680 SF

      Monroe Office Building - High Traffic Area

      8,680 SF Office Building, Great Income Potential
      1500 Louisville Ave, Monroe, LA 71201
      View Details
    • Contact for pricing
      4,628 SF

      Prime Monroe Office Building

      Updated Office Space, Excellent Location
      1504 Stubbs Ave, Monroe, LA 71201
      View Details
    • Contact for pricing
      9,070 SF

      Prime Monroe Office Space Available

      9,070 SF Office Suite in Danville Plaza
      2008 Louisville Ave, Monroe, LA 71201
      View Details
    • $2,100,000
      25,000 SF

      Prime Monroe Office Building

      25,000 SF Class A HQ Space
      328 Desiard St, Monroe, LA 71201
      View Details
    • Contact for pricing
      6,000 SF

      1956 Louisville Ave, Monroe, LA 71201

      Office Properties & Spaces • 6,000 SF
      1956 Louisville Ave, Monroe, LA 71201
      View Details
    • Contact for pricing
      4,500 SF

      Prime Monroe Office Space for Lease

      4,500 SF Executive Office Suite, Monroe, LA
      2461 Tower Dr, Monroe, LA 71201
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,000 SF

      Prime Monroe Executive Office Suite

      3,000 SF, Class A Office Space, 30 Parking Spaces
      1881 Hudson Cir, Monroe, LA 71201
      View Details
    • Contact for pricing
      1,220 SF

      Prime Office Suite in Monroe

      1,220 sq ft Office Space Available
      2571 Tower Dr, Monroe, LA 71201
      View Details
    • Contact for pricing
      2,909 SF

      Prime Monroe Office Building

      Spacious Office, 12+ Suites, 0.67 Acres
      801 31St St, Monroe, LA 71201
      View Details
    • Contact for pricing
      2,909 SF

      Monroe Office Building - 2909 SF

      Prime Monroe office space, 2909 sq ft, multiple suites.
      801 31St St, Monroe, LA 71201
      View Details
    • $8 SF/Yr
      3,400 SF

      Monroe Commercial Space - Roselawn Ave

      Prime Monroe location, 3400 sq ft office space.
      1912 Roselawn Ave, Monroe, LA 71201
      View Details
    • $1,640 /Mo
      253,410 SF

      Mixed-Use Retail and Office Property

      Mixed-use development in a high-traffic location with retail and office.
      1008 Oliver Rd, Monroe, LA 71201
      View Details
    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.
    2257 Louisville Ave
    Monroe, LA 71201
    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

    Google sign-in failed. Please try again or use another login method.