Medical Office Building with Covered
For Sale
Contact for pricing
140 Rowland Rd, Monroe, LA 71203
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 Market704
Property Features for 140 Rowland Rd
General Information
Standard status
Active
Size
3,000 SF
Property subtype
OFFICE
Listing Agency:
John Rea Realty
(318) 388-0941
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Source:
Moodyscre
Added: Oct 9, 2024
Changed: Aug 14
Last Checked: Sep 11 at 4:43AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,798
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$695,960
$696.0K
Cap Rate 7%
$497,114
$497.1K
Cap Rate 9%
$386,644
$386.6K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$64.8K $21.60/SF
− Vacancy
−$6.8K −$2.27/SF
EGI
$58.0K $19.33/SF
− OpEx
−$23.2K −$7.73/SF
NOI
$34.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$695,960
Cap Rate 7%
$497,114
Cap Rate 9%
$386,644
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 71203, LA
37,438
Population
17,178
Households
2.2
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
118.5 sq mi
ZIP Area
316
Density / Sq Mi
$46,822
Median Household Income
$35,630
Median Earnings
$987
Median Rent
$181,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
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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
