6865 Monroe Hwy Ball, LA 71405
- Office Properties & Spaces
- 0.38 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 6865 Monroe Hwy
- Lot size
- 0.38 lot acres
- Property type
- Office Properties & Spaces
- APN
- 05-007-36006-0001
- APU
- 5007360060001
Description
This 3,740 square foot commercial property boasts a highly desirable location on Highway 165 in Ball, Louisiana, offering exceptional visibility and accessibility. The property sits on a 0.96-acre lot and includes a full business center featuring a workshop with two roll-up doors and a 12-foot ceiling. This versatile space is ideal for a variety of uses, including a car dealership, construction company, auto shop, retail business with warehouse space, or a fulfillment and shipping center. The building offers a spacious front lobby, a conference room, three private offices, a kitchen, and a restroom. A separate storefront or office area with its own kitchenette and storage is also included. Ample parking is available, along with a large, security-fenced yard. The property is currently leased for $1850 per month, with a pre-determined escalation clause over the next five years. The lease has a fixed term and cannot be terminated early. This presents a unique opportunity for investors seeking a stable income stream with significant long-term potential. The high traffic count on Highway 165 ensures excellent exposure for any business. The owner may consider a sale or lease of the property. Don't miss this chance to establish your business in a thriving location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $215,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $190,000
- 6.5%
- $190,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $175,000
- Mixed-Use
- $175,000
- Hospitality
- $160,000
- Educational
- $155,000
- Residential Income
- $170,000
- Energy
- $210,000
- Income-Based Land
- $160,000
- Food Service
- $180,000
Location Insight
- Map
- Local Demand
- City
- Ball
- County
- Rapides
- State
- Louisiana
- Longitude
- -92.4115
- Latitude
- 31.4241
- CBSA code
- 10780
- CBSA name
- ALEXANDRIA, LA METROPOLITAN STATISTICAL AREA