Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    704 Ml St West Monroe, LA 71291-4134
    Back to Search
    Property profile & analytics

    704 Ml St, West Monroe, LA 71291-4134

    View on Map
    • Office Spaces
    • 1,323 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US36-0279742
    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

    • The Arch Brows / Medical Clinic / Skin Care Clinic
    • The Babe Cave Beauty Bar / Hair Salon / Nail Salon
    • Fontana Management LLC / Construction Company / General Contractor
    • The Hair Loft / Hair Salon

    Property Details for 704 Ml St

    Year built
    1955
    Lot size
    0.17 lot acres
    Property type
    Office Spaces
    APN
    14883
    APU
    14883

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 30, 2018 — Fontana Management LLC — Deed · related $87k · First National Bank
    Apr 18, 2017 $46,000 Fontana Management LLC J A Oster & Company INC Cash Sale Deed —

    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
    West Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.1329
    Latitude
    32.5007
    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
    $437
    $1,886
    $3,367
    $5,253
    -
    $18,860
    $22,443
    $41,303

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      312 Mcmillan Rd

      OFFICE (GENERAL)
      312 Mcmillan Rd, West Monroe, LA 71291-5343
      View Details
    • Value Estimation by Request
      0.24 Acres

      301 Mcmillan Rd

      OFFICE (GENERAL)
      301 Mcmillan Rd, West Monroe, LA 71291-5323
      View Details
    • Value Estimation by Request
      0.22 Acres

      402 Mcmillan Rd

      OFFICE (GENERAL)
      402 Mcmillan Rd, West Monroe, LA 71291-5326
      View Details
    • Value Estimation by Request
      0.17 Acres

      1116 Natchitoches St

      OFFICE (GENERAL)
      1116 Natchitoches St, West Monroe, LA 71291
      View Details
    • Value Estimation by Request
      0.29 Acres

      119 Professional Dr

      OFFICE (GENERAL)
      119 Professional Dr, West Monroe, LA 71291-5331
      View Details
    • Value Estimation by Request

      2000 7th St

      OFFICE (GENERAL)
      2000 7th St, West Monroe, LA 71291-4482
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,646 SF

      120 PROFESSIONAL DRIVE, West Monroe, LA 71291

      Office Units
      120 Professional Dr, West Monroe, LA 71291
      View Details
    • Contact for pricing

      West Monroe Warehouse with Office

      Warehouse with office space in a great location.
      901 Wood St, West Monroe, LA 71291
      View Details
    • Contact for pricing
      2,500 SF

      West Monroe Flex Space Available

      Office/retail space with warehouse and roll-up doors in West Monroe.
      921 Cypress St, West Monroe, LA 71291
      View Details
    • Contact for pricing

      Commercial Office Building For Sale

      Commercial office building with multiple offices and extra lot.
      1505 N 7Th St, West Monroe, LA 71291
      View Details
    • Contact for pricing

      Commercial Land Near Interstate 20

      Commercial land with high traffic flow and convenient access.
      4377 Cypress St, West Monroe, LA 71291
      View Details
    • Contact for pricing
      6,200 SF

      Versatile 6200 SF Commercial Building

      6200 SF commercial building suitable for retail or warehouse.
      2918 Cypress St, West Monroe, LA 71291
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      West Monroe Retail/Office Space

      Premium retail/office space on a busy commercial corridor.
      2519 N 7Th St, West Monroe, LA 71291
      View Details
    • Contact for pricing

      High-Visibility Retail/Office Space Available

      Prime location on Arkansas Road, West Monroe. Flexible space.
      2633 Arkansas Rd, West Monroe, LA 71291
      View Details
    • $7 SF/Yr
      6,675 SF

      West Monroe Retail Land Opportunity

      Prime West Monroe location, 6,675 sq ft.
      112 Blanchard St, West Monroe, LA 71291
      View Details
    • Contact for pricing

      Prime Development Land Near Walmart

      2.09 acre parcel in thriving West Monroe, Louisiana.
      Monroe, LA 71291
      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.
    704 Ml St
    West Monroe, LA 71291-4134
    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

    Thank You for Inquiry
    704 Ml St, West Monroe, LA, 71291
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!