Freestanding Medical
New
For Sale
Contact for pricing
3150 Sterlington Rd, Monroe, LA 71203
Clinical facility with separated patient, staff, delivery, and service areas for efficient operations.
Property Size9,950 SF
Lot Size1.23 Acres
Price / SF$276.38
Days on Market6
Property Features for 3150 Sterlington Rd
General Information
Standard status
Active
Size
9,950 SF
Total Parking Spaces
36
Lot size
1.23 Acres
Property subtype
SPECIALTY
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
fenced courtyard
wired security infrastructure
Building Details
Buildings
1
Building Size
9,950 SF
Listing Agency:
John Rea Realty
(318) 388-0941
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Source:
Moodyscre
Added: Sep 18
Changed: Sep 22
Last Checked: Sep 22 at 2:00PM
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
Investment Insights
Based on property information with market context.
This freestanding clinical facility contains approximately 9,950 square feet on 1.23 acres along the Sterlington Road/US 165 corridor in Monroe. The interior includes eight exam rooms, a large lobby with multiple reception stations, treatment and pharmacy areas, a procedure/surgery room, former imaging room, private offices, staff-support spaces, specialty plumbing, and a flexible rear wing. Patient-facing areas are separated from clinical, staff, delivery, and service functions.
Property infrastructure includes 3-phase electrical service, AT&T fiber availability, multiple zoned HVAC systems, wired security infrastructure, a fenced courtyard, and wiring for illuminated exterior signage. The site has 36 parking spaces, including two ADA-designated spaces, with potential for approximately 11 additional spaces subject to site-plan feasibility and applicable approvals. Original building plans also contemplate future rear expansion. The facility may support medical, dental, therapy, outpatient, professional, institutional, or continued veterinary use, subject to improvements and approvals.
Property infrastructure includes 3-phase electrical service, AT&T fiber availability, multiple zoned HVAC systems, wired security infrastructure, a fenced courtyard, and wiring for illuminated exterior signage. The site has 36 parking spaces, including two ADA-designated spaces, with potential for approximately 11 additional spaces subject to site-plan feasibility and applicable approvals. Original building plans also contemplate future rear expansion. The facility may support medical, dental, therapy, outpatient, professional, institutional, or continued veterinary use, subject to improvements and approvals.
Key Highlights
- Approximately 9,950 SF freestanding clinical facility on 1.23 acres
- Eight exam rooms plus treatment, pharmacy, procedure/surgery, and former imaging areas
- 36 parking spaces, including two ADA‑designated 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
$115,412
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
4.20%
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%
$2,308,240
$2.3M
Cap Rate 7%
$1,648,743
$1.6M
Cap Rate 9%
$1,282,356
$1.3M
Market Conditions
NOI Build-Up for 9,950 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
$214.9K $21.60/SF
− Vacancy
−$22.6K −$2.27/SF
EGI
$192.4K $19.33/SF
− OpEx
−$76.9K −$7.73/SF
NOI
$115.4K $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 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%
$2,308,240
Cap Rate 7%
$1,648,743
Cap Rate 9%
$1,282,356
Alternative Uses
Best Use
Office B
$4.28M
$3.75M – $4.99M
NOI $299,652 @ 7.0% cap · market cap 10.90%
Second Best
Healthcare Medical
$1.65M
$1.44M – $1.92M
NOI $115,412 @ 7.0% cap · market cap 4.20%
Theoretical Best
Multifamily LT 5
$107.17M
$93.78M – $125.04M
NOI $7,502,241 @ 7.0% cap · market cap 272.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Well-served
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
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical facility with separated patient, staff, delivery, and service areas for efficient operations.
Where is this medical office space located?
The property is located at 3150 Sterlington Rd Monroe, LA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Approximately 9,950 SF freestanding clinical facility on 1.23 acres; Eight exam rooms plus treatment, pharmacy, procedure/surgery, and former imaging areas; 36 parking spaces, including two ADA‑designated spaces
