Medical
102 THOMAS ROAD, West Monroe, LA 71291
For Sale
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COMMERCIAL/INDUSTRIAL, West Monroe, LA
Property Size203,716 SF
Lot Size18.85 Acres
Days on Market143
Property Features for 102 THOMAS ROAD
General Information
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Zoning description
Rooms
Security features
Interior features
Exterior features
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Additional Details
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Tax Description
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Building Details
Building materials
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Additional Structures
Listing Agency:
John Rea Realty
(318) 388-0941
Listed By:
Jennifer Causey · License LA #995693195
(318) 261-0892
Added: Jun 22
Changed: Nov 4
Last Checked: Nov 11 at 3:06AM
MLS# 219866
Copyright © 2026 Northeast Louisiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Glenwood Medical Mall is a healthcare property with approximately 203,716 square feet of existing improvements and current medical occupancy. Building features include private bathrooms, extra storage, a security system, electric heating and cooling, and a kitchen. The structure has brick veneer and concrete block construction beneath a flat roof, with landscaped grounds, gutters, and exterior security lighting.
The property is adjacent to Glenwood Regional Medical Center. An additional approximately 5.35-acre tract along Bell Lane is available separately. Continued medical use and other redevelopment or adaptive reuse concepts are described as possibilities, subject to applicable approvals and seller conditions.
The property is adjacent to Glenwood Regional Medical Center. An additional approximately 5.35-acre tract along Bell Lane is available separately. Continued medical use and other redevelopment or adaptive reuse concepts are described as possibilities, subject to applicable approvals and seller conditions.
Key Highlights
- Approximately 203,716 square feet of existing improvements
- Existing medical occupancy
- Adjacent to Glenwood Regional Medical Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,362,943
Suggested Prices Based on Cap Rates
Cap Rate 5%
$47,258,860
$47.3M
Cap Rate 7%
$33,756,329
$33.8M
Cap Rate 9%
$26,254,922
$26.3M
Market Conditions
NOI Build-Up for 203,716 SF
Gross rent
$4.40M $21.60/SF
− Vacancy
−$462.0K −$2.27/SF
EGI
$3.94M $19.33/SF
− OpEx
−$1.58M −$7.73/SF
NOI
$2.36M $11.60/SF
Area
Ouachita County, LA
Vacancy
10.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$47,258,860
Cap Rate 7%
$33,756,329
Cap Rate 9%
$26,254,922
Alternative Uses
Best Use
Office B
$87.64M
$76.69M – $102.25M
NOI $6,135,070 @ 7.0% cap
Second Best
Healthcare Medical
$33.76M
$29.54M – $39.38M
NOI $2,362,943 @ 7.0% cap
Theoretical Best
Office A
$120.40M
$105.35M – $140.46M
NOI $8,427,858 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
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Demographics for 71291, LA
34,670
Population
15,290
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
91%
High-School Grad
65.5 sq mi
ZIP Area
529
Density / Sq Mi
$69,012
Median Household Income
$46,127
Median Earnings
$974
Median Rent
$219,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - Existing medical occupancy and substantial parking serve a large healthcare property with adaptable existing improvements.
Where is this medical center located?
The property is located at 102 THOMAS ROAD West Monroe, LA.
What are key features of this property?
This property features: Approximately 203,716 square feet of existing improvements; Existing medical occupancy; Adjacent to Glenwood Regional Medical Center
