Modern Medical Office
140 Rowland Road Monroe Monroe, LA 71203
140 Rowland Road Monroe, Monroe, LA, 71203
$900,000
For Sale
$900,000
New construction medical office with covered parking and on-site ATM within a retail-focused commercial corridor.
Property Size2,718 SF
Price / SF$331.13
Days on Market9
Property Features for 140 Rowland Road Monroe
General Information
- Standard status
- Active
- Size
- 2,718 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2023
Listing agency
eXp Realty, LLC
(318) 680-9141
Listed by
John Howard
(318) 680-9141
Source
Johnhoward.exprealty
Added: Jul 13 Updated: Jul 14 at 1:53AM Checked: Jul 21 at 3:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC
Investment Insights
Based on property information with market context.
This modern, brand-new construction medical office facility was originally designed for efficient workflow and a practical medical layout. The building’s layout remains well-suited for professional healthcare uses, with flexibility for alternative service or commercial concepts depending on your needs.
The property is located near the newly opened Community Pharmacy at the corner of Lincoln and Rowland Road, positioned along a primary commercial route with strong visibility and access. Site improvements include a concrete parking area, three covered parking spaces, and an on-site ATM with an existing lease in place.
Overall, the offering provides a purpose-built medical environment within a growing retail trade area, supported by on-site parking convenience and street-level accessibility.
The property is located near the newly opened Community Pharmacy at the corner of Lincoln and Rowland Road, positioned along a primary commercial route with strong visibility and access. Site improvements include a concrete parking area, three covered parking spaces, and an on-site ATM with an existing lease in place.
Overall, the offering provides a purpose-built medical environment within a growing retail trade area, supported by on-site parking convenience and street-level accessibility.
Key Highlights
- Brand‑new construction: 2023‑built modern medical/professional facility totaling 2,718 SF
- Designed for medical efficiency with a layout suitable for urgent care, specialty practice, occupational medicine, or similar uses
- On‑site ATM with an existing lease in place
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.9k | $51.48 |
| − Vacancy | −$30.8k | −$11.33 |
| EGI | $109.1k | $40.15 |
| − OpEx | −$27.3k | −$10.04 |
| NOI | $81.9k | $30.12 |
2,718 SF · lease $51.48/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,855 @ 7.0% cap · market cap 9.10%
Second Best
Healthcare Medical
$450.4K
$394.1K – $525.5K
NOI $31,527 @ 7.0% cap · market cap 3.50%
Theoretical Best
Multifamily LT 5
$29.28M
$25.62M – $34.16M
NOI $2,049,356 @ 7.0% cap · market cap 227.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - New construction medical office with covered parking and on-site ATM within a retail-focused commercial corridor.
Where is this medical office space located?
The property is located at 140 Rowland Road Monroe Monroe, LA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Brand‑new construction: 2023‑built modern medical/professional facility totaling 2,718 SF; Designed for medical efficiency with a layout suitable for urgent care, specialty practice, occupational medicine, or similar uses; On‑site ATM with an existing lease in place
