Modern Medical Office
140 ROWLAND ROAD Monroe, LA 71203
For Sale
$900,000
SINGLE_FAMILY - Monroe, LA
Property Size2,718 SF
Lot Size0.61 Acres
Price / SF$331.13
Days on Market655
Property Features for 140 ROWLAND ROAD
General Information
- Property type
- Residential
- Property subtype
- Office
- Rooms
- Kitchen
- Security features
- Security System, Security Lighting
- Interior features
- Extra Storage, Private Bathrooms, Security System-Wired
- Exterior features
- Gutters, Landscaping, Lighting/Security
- Standard status
- Active
- APN
- 137924
- Lot size
- 0.61 Acres
Taxes and HOA fees
- Tax Description
- 0.611 AC IN LOT 1 PARKWOOD VILLAGE SHOPPING CENTER SUB
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
Building Details
- Number of units
- 1
- Building materials
- Brick Veneer, Stucco
- Roof type
- Composition
- Additional Structures
- Storage
Listing Agency:
John Rea Realty
(318) 388-0941
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Added: Oct 9, 2024
Changed: Jul 22
Last Checked: Jul 25 at 1:06PM
MLS# 212044
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.
Investment Insights
Based on property information with market context.
Newly constructed modern medical office facility in the Swartz trade area, originally designed for medical workflow and efficiency. The building’s layout is intended for professional clinical use and includes features that support urgent care, specialty practice, occupational medicine, or other professional service concepts. Site improvements include a concrete parking area, three covered parking spaces, and an onsite ATM with an existing lease in place.
The property is located near the newly opened Community Pharmacy at the corner of Lincoln and Rowland Road, positioned within an active retail district in Monroe, Louisiana.
The offering includes the facility and site to support an owner-user or investor who wants a newly built medical-ready space with dedicated parking and an additional income component from the ATM lease.
The property is located near the newly opened Community Pharmacy at the corner of Lincoln and Rowland Road, positioned within an active retail district in Monroe, Louisiana.
The offering includes the facility and site to support an owner-user or investor who wants a newly built medical-ready space with dedicated parking and an additional income component from the ATM lease.
Key Highlights
- +/-2,718 SF modern facility designed for medical efficiency and workflow, with layout suitable for urgent care, specialty practice, or occupational medicine
- +/-7,454 SF concrete parking area plus 3 covered parking spaces
- On‑site ATM with an existing lease in place
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
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Little Veterinary Services — 707 LA-139, Monroe, LA 71203
FAQs
What type of property is this?
Medical Office Space - Newly constructed medical facility with three covered parking spaces, a concrete parking area, and an onsite leased ATM.
Where is this medical office space located?
The property is located at 140 ROWLAND ROAD 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 facility designed for medical efficiency and workflow, with layout suitable for urgent care, specialty practice, or occupational medicine; +/-7,454 SF concrete parking area plus 3 covered parking spaces; On‑site ATM with an existing lease in place
