Modern 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 Market746
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
Central, Electric (Heating)
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
(318) 261-0892
Added: Oct 9, 2024
Changed: Oct 23
Last Checked: Oct 24 at 12:06AM
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.
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Investment Insights
Based on property information with market context.
This brand-new 2,718 SF facility is configured for medical operations and professional service uses. The interior includes private bathrooms, extra storage, a kitchen, and a wired security system, while central electric heating and cooling support year-round operations. Brick veneer and stucco construction, landscaping, exterior lighting, gutters, and a composition roof complete the improvements.
The property occupies 0.61 acres at 140 Rowland Road in Monroe, Louisiana, near Community Pharmacy at Lincoln and Rowland Road. A +/−7,454 SF concrete parking area and Three (3) covered parking spaces provide on-site vehicle accommodation. An ATM is also located on the property with an existing lease in place. The layout was originally designed for medical workflow and can support urgent care, specialty practice, occupational medicine, or other professional uses.
The property occupies 0.61 acres at 140 Rowland Road in Monroe, Louisiana, near Community Pharmacy at Lincoln and Rowland Road. A +/−7,454 SF concrete parking area and Three (3) covered parking spaces provide on-site vehicle accommodation. An ATM is also located on the property with an existing lease in place. The layout was originally designed for medical workflow and can support urgent care, specialty practice, occupational medicine, or other professional uses.
Key Highlights
- 2,718 SF brand‑new medical office facility
- 0.61‑acre property at 140 Rowland Road in Monroe, LA 71203
- +/−7,454 SF concrete parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,855
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
Yes
Paved road access
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
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 - Brand-new facility with private bathrooms, extra storage, and a wired security system.
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 brand‑new medical office facility; 0.61‑acre property at 140 Rowland Road in Monroe, LA 71203; +/−7,454 SF concrete parking area
