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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3001 Cypress St West Monroe, LA 71291

6,801 SF 0.17 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity encompasses two buildings totaling 6,801 square feet situated on a 0.17-acre lot at 3001 & 3003 Cypress Street in West Monroe, Louisiana, 71291. The property boasts a prime location near Super 1 Foods, ensuring high visibility and foot traffic. One building features warehouse space with three roll-up doors, six or more offices, a showroom, reception area, break room, and a recently renewed five-year lease at $2,475 per month. This building also benefits from an eight-year-old metal roof, updated HVAC, wiring, plumbing, instant hot water, and extra insulation. The second building, currently vacant, offers a projected monthly lease income of $2,900. This building includes a large reception area, four to five offices, ample cabinet/shelf space, a 28x33 back room with a sink and dishwasher, and ten fenced-in areas, plus several additional rooms. It also features a new metal roof (installed approximately eight years ago), fresh interior and exterior paint, and a potential triple-net lease. The property includes a cyclone-fenced rear area and a garage. This property presents a unique opportunity to lease both buildings for substantial income or utilize one building while leveraging the income from the leased building to offset mortgage payments. The asking price is $598,500.

Property profile
Verified
Property type Retail properties & Spaces
Total area 6,801 SF
Lot 0.17 ac (7,405 SF)
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
  • The Chalk Board & Gifts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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