Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2308 Washington St Monroe, LA 71201-6548
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2308 Washington St Monroe, LA 71201-6548

    View on Map
    • Industrial properties
    • 10,000 SF
    • 0.41 lot acres
    Off-Market
    Property ID
    US36-0484560
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • E R Lawrence Contractor / Construction Company / General Contractor

    Property Details for 2308 Washington St

    Year built
    1993
    Lot size
    0.41 lot acres
    Property size
    10,000 SF
    Property type
    Industrial properties
    APN
    64457
    APU
    64457

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.0988
    Latitude
    32.5189
    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
    $2,138
    $2,694
    $16,715
    $19,409
    -
    $26,940
    $111,436
    $138,376

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      1000 Oak St

      INDUSTRIAL (GENERAL) • 0.37 Acres
      1000 Oak St, Monroe, LA 71201
      View Details
    • Value Estimation by Request
      0.17 Acres

      311 Texas Ave

      INDUSTRIAL (GENERAL) • 0.17 Acres
      311 Texas Ave, Monroe, LA 71201-8528
      View Details
    • Value Estimation by Request
      0.41 Acres

      3020 Commerce St

      INDUSTRIAL (GENERAL) • 0.41 Acres
      3020 Commerce St, Monroe, LA 71201-7253
      View Details
    • Value Estimation by Request
      0.19 Acres

      701 7th St

      INDUSTRIAL (GENERAL) • 0.19 Acres
      701 7th St, Monroe, LA 71201
      View Details
    • Value Estimation by Request
      0.17 Acres

      213 Collier St

      INDUSTRIAL (GENERAL) • 0.17 Acres
      213 Collier St, Monroe, LA 71201
      View Details
    • Value Estimation by Request
      0.35 Acres

      216 Collier St

      INDUSTRIAL (GENERAL) • 0.35 Acres
      216 Collier St, Monroe, LA 71201-7202
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,000 SF

      Retail Space in Danville Plaza

      6000 SF retail space with warehouse in shopping center.
      1956 Louisville Ave, Monroe, LA 71201
      View Details
    • $138,000
      8,720 SF

      Monroe Office and Warehouse Property

      Office and warehouse property on 0.47 acres in Monroe, LA.
      2801 Desiard St, Monroe, LA 71201
      View Details
    • Contact for pricing
      8,000 SF

      Business Center with Development Land

      8-suite business center with 1.65 AC development land.
      2399 Ferrand St, Monroe, LA 71201
      View Details
    • $475,000

      Monroe Office/Warehouse Investment Opportunity

      Adaptable office/warehouse complex in Monroe, ideal for business or investment.
      2830 Breard St, Monroe, LA 71201
      View Details
    • $1,300,000

      Monroe Flex Space with Warehouse

      Flex space with office and warehouse on 1.34 acres.
      1107 Oliver Rd, 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

    Similar Nearby for Lease

    • $3,900 /Mo
      15,000 SF

      Mixed-Use Property in Downtown Monroe

      Retail, warehouse, and office space available in Downtown Monroe.
      510 Walnut St, Monroe, LA 71201
      View Details
    • Contact for pricing
      5,506 SF

      Retail Suites Available for Lease

      Multiple retail suites available for lease in Monroe, Louisiana.
      3122 Louisville Ave, Monroe, LA 71201
      View Details
    • $12 SF/Yr
      6,584 SF

      Monroe Office Space For Lease

      10,633± SF office space with customizable layout.
      Tower Dr, Monroe, LA 71201
      View Details
    • $25 SF/Yr

      Retail Suites in High-Traffic Location

      Retail suites available for lease in Monroe, Louisiana.
      2770 Louisville Ave, Monroe, LA 71201
      View Details
    • Contact for pricing

      Second-Story Office Space Available

      Second-story office space with private entry and ample storage.
      1881 Hudson Cir N, Monroe, LA 71201
      View Details
    • $1,229 /Mo

      Retail Space in High-Traffic Corridor

      Retail and restaurant spaces available in a mixed-use neighborhood center.
      1601 N 18Th St, 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.
    2308 Washington St
    Monroe, LA 71201-6548
    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.
    Sign Up Successful!
    You now have access to more from Realmo!