Modern Medical Office
For Sale
$900,000
140 Rowland Road Monroe, Monroe, LA 71203
New construction medical office with covered parking and on-site ATM within a retail-focused commercial corridor.
Property Size2,718 SF
Price / SF$331.13
Days on Market93
Property Features for 140 Rowland Road Monroe
General Information
Standard status
Active
Size
2,718 SF
Total Parking Spaces
3
Property subtype
Commercial
Zoning
Parish
Amenities
Parish
Central Air,Electric
Electric,Central
On Site
3 Phase,Cable,Electric,Gas,Internet Connection,Separate Meters
Extra Storage,Private Bathrooms,Security System-Wired,See Remarks
Gutters,Landscaping,Lighting/Security
Building Details
Year Built
2023
Listing Agency:
eXp Realty, LLC
Listed By:
John Howard
(318) 680-9141
Source:
Johnhoward.exprealty
Added: Jul 13
Changed: Oct 7
Last Checked: Oct 7 at 9:52AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This modern, brand-new construction medical office facility was originally designed for efficient workflow and a practical medical layout. The building’s layout remains well-suited for professional healthcare uses, with flexibility for alternative service or commercial concepts depending on your needs.
The property is located near the newly opened Community Pharmacy at the corner of Lincoln and Rowland Road, positioned along a primary commercial route with strong visibility and access. Site improvements include a concrete parking area, three covered parking spaces, and an on-site ATM with an existing lease in place.
Overall, the offering provides a purpose-built medical environment within a growing retail trade area, supported by on-site parking convenience and street-level accessibility.
The property is located near the newly opened Community Pharmacy at the corner of Lincoln and Rowland Road, positioned along a primary commercial route with strong visibility and access. Site improvements include a concrete parking area, three covered parking spaces, and an on-site ATM with an existing lease in place.
Overall, the offering provides a purpose-built medical environment within a growing retail trade area, supported by on-site parking convenience and street-level accessibility.
Key Highlights
- Brand‑new construction: 2023‑built modern medical/professional facility totaling 2,718 SF
- Designed for medical efficiency with a layout suitable for urgent care, specialty practice, occupational medicine, or similar uses
- On‑site ATM with an existing lease in place
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
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - New construction medical office with covered parking and on-site ATM within a retail-focused commercial corridor.
Where is this medical office space located?
The property is located at 140 Rowland Road Monroe 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: Brand‑new construction: 2023‑built modern medical/professional facility totaling 2,718 SF; Designed for medical efficiency with a layout suitable for urgent care, specialty practice, occupational medicine, or similar uses; On‑site ATM with an existing lease in place
