New Medical Office
For Sale
$900,000
140 ROWLAND ROAD, Monroe, LA 71203
COMMERCIAL/INDUSTRIAL, Monroe, LA
Property Size2,718 SF
Lot Size0.61 Acres
Price / SF$331.13
Days on Market700
Property Features for 140 ROWLAND ROAD
General Information
Property type
Residential
Property subtype
Office
Zoning description
Parish
Rooms
Kitchen
Security features
Security Lighting, Security System
Interior features
Extra Storage, Private Bathrooms, Security System-Wired
Exterior features
Gutters, Landscaping, Lighting/Security
Subdivision
PARKWOOD ADDN
Lot features
Located in Parish
Directions
Head northeast on US-80 E/Desiard Street, continue onto LA-139 N, turn Right onto Rowland Rd. Property will be on the Right.
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
Legal Description
0.611 AC IN LOT 1 PARKWOOD VILLAGE SHOPPING CENTER SUB
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Amenities
on-site ATM
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: Sep 8
Last Checked: Sep 8 at 4:06PM
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.
This brand-new medical office facility contains approximately 2,718 SF on a 0.61-acre site. The interior includes a kitchen, private bathrooms, extra storage, and a wired security system, with central electric heating and cooling. Brick veneer and stucco construction, composition roofing, landscaping, gutters, and exterior lighting complete the improvements.
The property is located at 140 Rowland Road in Monroe, near the Community Pharmacy at Lincoln and Rowland Road. Access and visibility along a primary commercial route place the facility within an active retail area. A 7,454 SF concrete parking area and three covered parking spaces support daily operations, while an on-site ATM has an existing lease in place.
The layout was developed for medical workflow and can accommodate professional or other commercial concepts supported by the existing configuration.
The property is located at 140 Rowland Road in Monroe, near the Community Pharmacy at Lincoln and Rowland Road. Access and visibility along a primary commercial route place the facility within an active retail area. A 7,454 SF concrete parking area and three covered parking spaces support daily operations, while an on-site ATM has an existing lease in place.
The layout was developed for medical workflow and can accommodate professional or other commercial concepts supported by the existing configuration.
Key Highlights
- Approximately 2,718 SF medical office facility on 0.61 acres
- 7,454 SF concrete parking area
- Three (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
$81,855
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
9.10%
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%
$1,637,100
$1.6M
Cap Rate 7%
$1,169,357
$1.2M
Cap Rate 9%
$909,500
$909.5K
Market Conditions
NOI Build-Up for 2,718 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
$139.9K $51.48/SF
− Vacancy
−$30.8K −$11.33/SF
EGI
$109.1K $40.15/SF
− OpEx
−$27.3K −$10.04/SF
NOI
$81.9K $30.12/SF
Area
Ouachita County, LA
Vacancy
22.00%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
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%
$1,637,100
Cap Rate 7%
$1,169,357
Cap Rate 9%
$909,500
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 authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The building includes private bathrooms, extra storage, a kitchen, and wired security.
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: Approximately 2,718 SF medical office facility on 0.61 acres; 7,454 SF concrete parking area; Three (3) covered parking spaces
