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Property profile & analytics
OFF-MARKET
Office Spaces

406 6th St West Monroe, LA 71291-4102

Built 2002
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US36-0342120
Property summary
AI-generated overview

This exceptional mixed-use investment property, Business Center 6th & Mill, located at 406 N 6th St, West Monroe, LA 71291, presents a compelling opportunity. The 8,848 square foot property, built in 2001 and extensively renovated in 2023, boasts a Class A rating and features two buildings on a 0.86-acre lot. Currently housing five tenants with 100% occupancy, the property offers a stabilized investment with built-in rent bumps. The property includes 60 parking spaces, a significant upgrade with 36 spaces added recently. Recent improvements include new exterior paint, parking lot striping, and a new HVAC system installed in 2021. The property also benefits from perimeter security lighting, professional landscaping, and efficient drainage systems. The permitted zoning is B-1. Financial details and tenant information are available upon request with a non-disclosure agreement. Showings are coordinated with accepted offers. The asking price is $1,195,000, translating to $135.06 per square foot. This property is ideal for investors seeking a stable, high-performing asset in a prime West Monroe location. The property is available for a 1031 exchange.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2002
APN 36881
UPID US36-0342120
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rhymtana LLC · 5 yrs held
Rhymtana LLC
since 2021
Last sale
$335,000
2 recorded transactions
2021
$335,000
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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