Move-In Ready Medical Office
For Sale
Contact for pricing
206 Mcmillan Rd, West Monroe, LA 71291
Well-maintained medical/professional suite with lobby, multiple exam rooms, and a dedicated X-ray room.
Property Size2,250 SF
Price / SF$1.11
Days on Market228
Property Features for 206 Mcmillan Rd
General Information
Standard status
Active
Size
2,250 SF
Total Parking Spaces
23
Listing Agency:
John Rea Realty
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Source:
Exprealty
Added: Mar 16
Changed: Oct 27
Last Checked: Oct 28 at 3:20PM
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 John Rea Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Move-in ready medical/professional office suite totaling 2,250 SF, presented in well-maintained condition. The interior features a welcoming lobby and waiting area, reception/manager’s office with check-in and check-out windows, one public restroom, four private offices with built-in cabinetry, and six exam/procedure rooms with sinks and cabinetry. Additional improvements include an employee break room, a private staff restroom, and a dedicated X-ray room with its own electrical circuit. Recent updates include fresh interior paint, new carpet, and upgraded LED lighting, with the space served by two dedicated HVAC units. Utilities are separately metered.
The suite includes parking for 22 spaces plus one ADA space. The parking lot is scheduled for fresh pressure washing and restriping, supporting a clean and organized arrival for patients and visitors.
Suite B includes occupancy by Caples & Robinson Orthodontics operating two days per week, with staff parking in the rear designed to keep front parking spaces available for patients and clientele.
The suite includes parking for 22 spaces plus one ADA space. The parking lot is scheduled for fresh pressure washing and restriping, supporting a clean and organized arrival for patients and visitors.
Suite B includes occupancy by Caples & Robinson Orthodontics operating two days per week, with staff parking in the rear designed to keep front parking spaces available for patients and clientele.
Key Highlights
- Move‑in ready 2,250 SF medical/professional office suite with a welcoming lobby and waiting area
- Includes reception/manager’s office with check‑in and check‑out windows, one public restroom, and four private offices with built‑in cabinetry
- Features six exam/procedure rooms with sinks and cabinetry, plus an employee break room and a private staff restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,098
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,960
$522.0K
Cap Rate 7%
$372,829
$372.8K
Cap Rate 9%
$289,978
$290.0K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$48.6K $21.60/SF
− Vacancy
−$5.1K −$2.27/SF
EGI
$43.5K $19.33/SF
− OpEx
−$17.4K −$7.73/SF
NOI
$26.1K $11.60/SF
Area
Ouachita County, LA
Vacancy
10.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,960
Cap Rate 7%
$372,829
Cap Rate 9%
$289,978
Alternative Uses
Best Use
Office B
$968.0K
$847.0K – $1.13M
NOI $67,761 @ 7.0% cap · market cap 2,710.44%
Second Best
Healthcare Medical
$372.8K
$326.2K – $435.0K
NOI $26,098 @ 7.0% cap · market cap 1,043.92%
Theoretical Best
Multifamily LT 5
$24.24M
$21.21M – $28.27M
NOI $1,696,487 @ 7.0% cap · market cap 67,859.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,301
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71291, LA
34,670
Population
15,290
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
91%
High-School Grad
65.5 sq mi
ZIP Area
529
Density / Sq Mi
$69,012
Median Household Income
$46,127
Median Earnings
$974
Median Rent
$219,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Animal Emergency Clinic — west monroe, la 71291
- Animal Emergency Clinic of NE LA — 2005 N 7th St, West Monroe, LA 71291
- VetCare — 304 Circle Dr, West Monroe, LA 71291
- The Neighborhood Vet, LLC — 111 Professional Dr, West Monroe, LA 71291
- Pleasant's Compounding Pharmacy — 903 Warren Dr Suite C, West Monroe, LA 71291
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical/professional suite with lobby, multiple exam rooms, and a dedicated X-ray room.
Where is this medical office space located?
The property is located at 206 Mcmillan Rd West Monroe, LA.
What are key features of this property?
This property features: Move‑in ready 2,250 SF medical/professional office suite with a welcoming lobby and waiting area; Includes reception/manager’s office with check‑in and check‑out windows, one public restroom, and four private offices with built‑in cabinetry; Features six exam/procedure rooms with sinks and cabinetry, plus an employee break room and a private staff restroom
