Medical Office with Procedure
3150 STERLINGTON ROAD, Monroe, LA 71203
For Sale
$2,750,000
COMMERCIAL/INDUSTRIAL, Monroe, LA
Property Size9,950 SF
Lot Size1.23 Acres
Price / SF$276.38
Days on Market53
Property Features for 3150 STERLINGTON ROAD
General Information
Property type
Property subtype
Zoning description
Rooms
Security features
Interior features
Exterior features
Lot features
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Amenities
multiple zoned HVAC systems
wired security infrastructure
fenced courtyard
wiring for illuminated exterior signage
Building Details
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
John Rea Realty
(318) 388-0941
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 9 at 4:06AM
MLS# 220968
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 freestanding clinical property contains approximately 9,950 SF on 1.23 acres. Its interior has eight exam rooms, a lobby with multiple reception stations, treatment and pharmacy areas, a procedure room, a former imaging room, private offices, staff-support areas and a substantial rear wing. Public-facing areas are separated from clinical, staff, delivery and service functions. The building also has specialty plumbing, 3-phase electrical service, AT&T fiber availability, zoned HVAC, wired security infrastructure and a fenced courtyard.
The property is at 3150 Sterlington Road in Monroe, along the Sterlington Road/US 165 corridor. There are 36 existing parking spaces, including two ADA-designated spaces; approximately 11 additional spaces may be possible, subject to site-plan feasibility and applicable approvals. Exterior signage wiring is in place.
Original building plans contemplated rear expansion. The property is suited to medical, dental, therapy, outpatient, professional, institutional or continued veterinary use, subject to user-specific improvements and applicable approvals.
The property is at 3150 Sterlington Road in Monroe, along the Sterlington Road/US 165 corridor. There are 36 existing parking spaces, including two ADA-designated spaces; approximately 11 additional spaces may be possible, subject to site-plan feasibility and applicable approvals. Exterior signage wiring is in place.
Original building plans contemplated rear expansion. The property is suited to medical, dental, therapy, outpatient, professional, institutional or continued veterinary use, subject to user-specific improvements and applicable approvals.
Key Highlights
- Approximately 9,950 SF freestanding clinical facility on 1.23 acres
- Eight exam rooms, treatment and pharmacy areas, and a dedicated procedure room
- 36 parking spaces, including two ADA‑designated spaces; approximately 11 more may be feasible subject to approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,412
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Well-served
Demand for This Use
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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
Properties on Market for Medical Office Space in Ouachita County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- White Brent DVM — 3150 Sterlington Rd, Monroe, LA 71203
- Groan Sara DVM — 3150 Sterlington Rd, Monroe, LA 71203
- Monroe Animal Health Center: West Nicole DVM — 3150 sterlington rd, monroe, la 71203
Frequently Asked Questions
What type of property is this?
Medical Office Space - The clinical floor plan combines exam and treatment areas with dedicated staff and service spaces.
Where is this medical office space located?
The property is located at 3150 STERLINGTON ROAD 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, treatment and pharmacy areas, and a dedicated procedure room; 36 parking spaces, including two ADA‑designated spaces; approximately 11 more may be feasible subject to approvals
