Medical Office Building with Covered
140 Rowland Rd Monroe, LA 71203
For Sale
Contact for pricing
Modern medical office facility with covered parking, strong main-road visibility, and an on-site ATM with an existing lease.
Property Size3,000 SF
Price / SF$300
Days on Market659
Property Features for 140 Rowland Rd
General Information
Standard status
Active
Size
3,000 SF
Property subtype
OFFICE
Listing Agency:
John Rea Realty
(318) 261-0892
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Source:
Moodyscre
Added: Oct 9, 2024
Changed: Jul 28
Last Checked: Jul 28 at 5:34AM
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 John Rea Realty
Investment Insights
Based on property information with market context.
A modern medical office building totaling approximately 2,718 SF, constructed to support efficient patient flow and professional workflow. The facility’s layout is intended to accommodate urgent care, specialty practice, occupational medicine, or other professional services, with flexibility for alternative service or commercial concepts.
The property is located at 140 Rowland Rd in Monroe, Louisiana, near the newly opened Community Pharmacy at the corner of Lincoln and Rowland Road. Site improvements include a concrete parking area of approximately 7,454 SF and three covered parking spaces. An on-site ATM with an existing lease is also in place. The building benefits from strong visibility and access along a primary commercial route within Swartz’s growing retail area.
The property is located at 140 Rowland Rd in Monroe, Louisiana, near the newly opened Community Pharmacy at the corner of Lincoln and Rowland Road. Site improvements include a concrete parking area of approximately 7,454 SF and three covered parking spaces. An on-site ATM with an existing lease is also in place. The building benefits from strong visibility and access along a primary commercial route within Swartz’s growing retail area.
Key Highlights
- 2,718 SF modern medical office facility designed for efficient patient workflow
- Located near the Community Pharmacy at the corner of Lincoln and Rowland Road
- 7,454 SF concrete parking area plus 3 covered parking spaces
Financial Insights For Healthcare Medical
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 | $64.8k | $21.60 |
| − Vacancy | −$6.8k | −$2.27 |
| EGI | $58.0k | $19.33 |
| − OpEx | −$23.2k | −$7.73 |
| NOI | $34.8k | $11.60 |
3,000 SF · lease $21.60/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,347 @ 7.0% cap · market cap 10.04%
Second Best
Healthcare Medical
$497.1K
$435.0K – $580.0K
NOI $34,798 @ 7.0% cap · market cap 3.87%
Theoretical Best
Multifamily LT 5
$32.31M
$28.27M – $37.70M
NOI $2,261,982 @ 7.0% cap · market cap 251.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Little Veterinary Services — 707 LA-139, Monroe, LA 71203
Frequently Asked Questions
What type of property is this?
Medical Office Space - Modern medical office facility with covered parking, strong main-road visibility, and an on-site ATM with an existing lease.
Where is this medical office space located?
The property is located at 140 Rowland Rd 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: 2,718 SF modern medical office facility designed for efficient patient workflow; Located near the Community Pharmacy at the corner of Lincoln and Rowland Road; 7,454 SF concrete parking area plus 3 covered parking spaces
