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 Market47
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
(318) 680-9141
Listed By:
John Howard
(318) 680-9141
Source:
Johnhoward.exprealty
Added: Jul 13
Changed: Aug 14
Last Checked: Aug 28 at 7:15AM
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 = 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
