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    Property profile & analytics

    508 Monroe St Ruston, LA 71270-5029

    • Commercial real estate
    • 3,040 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $135,000
    Last Sale
    Jul 18, 2022
    $150,000
    Location Intelligence
    Property ID
    US36-2160840
    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

    • String A Long Daycare / Day Care Center

    Property Details for 508 Monroe St

    Year built
    1980
    Lot size
    0.19 lot acres
    Property size
    3,040 SF
    Property type
    Commercial real estate
    APN
    2182
    APU
    2182

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ruston
    County
    Lincoln
    State
    Louisiana
    Longitude
    -92.6415
    Latitude
    32.5244
    CBSA code
    40820
    CBSA name
    RUSTON, LA MICROPOLITAN 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
    $1,518
    $4,001
    $13,077
    $17,078
    -
    $40,013
    $87,178
    $127,191

    Comparable in this City

    • Value Estimation by Request
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      272 SF

      803 Mcallister St

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      116 Park Ave

      COMMERCIAL (GENERAL) • 1,800 SF
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      105 Service E Rd

      COMMERCIAL (GENERAL) • 155,626 SF
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      311 Trenton St

      COMMERCIAL (GENERAL) • 1,756 SF
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    • Value Estimation by Request
      1,245 SF

      212 Trenton St

      COMMERCIAL (GENERAL) • 1,245 SF
      212 Trenton St, Ruston, LA 71270-4380
      View Details

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      Ruston, LA Commercial Property

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      Prime 1.2-acre commercial lot in Ruston, LA.
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      6.00 Acres

      Ruston Commercial Land - 6 Acres

      Prime Commercial Land, High Traffic Area
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    • $1,400,000
      1.06 Acres

      Ruston Commercial Land - Prime Location

      1.06-acre commercial lot, high visibility.
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    Similar Nearby for Lease

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      8,394 SF

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      3,000 SF

      Retail Space in Eagle Plaza

      Retail space available in Walmart shadow-anchored shopping center.
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    • $7,942 /Mo
      2,500 SF

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      2,500 SF retail building in downtown Ruston for lease.
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      31,880 SF

      Ruston Retail Space: Walmart Shadow Center

      High-traffic retail space near I-20.
      1407 Eagle Dr, Ruston, LA 71270
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    • $19 SF/Yr
      9,200 SF

      Ruston Marketplace Retail Space

      Prime Ruston retail & office space.
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    508 Monroe St
    Ruston, LA 71270-5029
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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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