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 Market751
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 #995680268
(318) 261-0892
Source:
Moodyscre
Added: Oct 9, 2024
Changed: Aug 14
Last Checked: Oct 7 at 9:33AM
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
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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 / Yr
$34,798
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Balanced
Demand for This Use
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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
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
