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    Property profile & analytics

    1 Wood St Monroe, LA 71201

    • Office Properties & Spaces
    • 0.10 lot acres
    For Sale
    View listing
    $785,000
    Value Estimation
    Location Intelligence
    Property ID
    US36-0400023
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Law Office of Steven A. Hansen LLC / Attorney

    Property Details for 1 Wood St

    Year built
    1922
    Lot size
    0.10 lot acres
    Property type
    Office Properties & Spaces
    APN
    79220
    APU
    79220

    Description

    This exceptional commercial property, located at 1 Wood Street in Monroe, Louisiana, presents a unique investment opportunity. Priced at $785,000, this 0.17-acre retail and land property boasts a prime downtown location adjacent to the Ouachita Parish Courthouse. The building offers stunning views of the Ouachita River from both its upper and lower floors. Previously utilized as a lawyer's office, the property features multiple spacious offices and a large conference room. Currently, one tenant, Ralph Bailsbond, occupies the space and will remain with the sale, providing immediate income potential. The property's versatile layout allows for various uses, including the potential development of four executive suites, generating further revenue streams. Furthermore, the state offers tax incentives for any investments made in the building, enhancing the return on investment. This historic building represents a rare chance to acquire a well-situated commercial property with significant income potential and the benefit of state tax incentives. The property's location in the heart of downtown Monroe ensures high visibility and accessibility. The existing tenant provides a stable income stream, while the adaptable layout offers flexibility for future development and expansion. This is a truly remarkable opportunity for a discerning investor.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $265,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $320,000
      Mixed-Use
      $300,000
      Hospitality
      $305,000
      Educational
      $325,000
      Residential Income
      $250,000
      Energy
      $250,000
      Income-Based Land
      $275,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.117
    Latitude
    32.4996
    CBSA code
    33740
    CBSA name
    MONROE, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,299
    $633
    $29,358
    $29,991
    -
    $6,330
    $195,718
    $202,048

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    1 Wood St
    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
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