Freestanding Medical
New
For Sale
$2,750,000
3150 STERLINGTON ROAD, Monroe, LA 71203
COMMERCIAL/INDUSTRIAL, Monroe, LA
Property Size9,950 SF
Lot Size1.23 Acres
Price / SF$276.38
Days on Market6
Property Features for 3150 STERLINGTON ROAD
General Information
Property type
Residential
Property subtype
Office
Zoning description
Parish
Rooms
Laundry Room
Security features
Security System, Security Lighting
Interior features
Extra Storage, Private Bathrooms, Security System-Wired
Exterior features
Gutters, Landscaping, Lighting/Security
Lot features
Located in Parish
Directions
From I-20, take Exit 118 and follow signs for US-165 North toward Bastrop. Continue north on US-165/Sterlington Road to 3150 Sterlington Road on the Right -next to Ouachita Valley Federal Credit Union.
Subdivision
133 ULM/Town & Country/Lake Shore/Joe White Rd/Morgan Hare Rd
Standard status
Active
APN
121366
Lot size
1.23 Acres
Taxes and HOA fees
Tax Description
LOT 11 CHAUVIN PLACE UNIT 1-LESS W 50 FT PRIVATE DRIVE
Legal Description
LOT 11 CHAUVIN PLACE UNIT 1-LESS W 50 FT PRIVATE DRIVE
Utilities
Heating system
Central
Cooling system
Multi Units, Central Air
Amenities
AT&T fiber
security system
fenced courtyard
Building Details
Building materials
Brick Veneer
Roof type
Flat
Additional Structures
Storage
Listing Agency:
John Rea Realty
(318) 388-0941
Listed By:
Jennifer Causey · License #LA995693195
(318) 261-0892
Added: Sep 18
Changed: Sep 23
Last Checked: Sep 23 at 3:06PM
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.
Investment Insights
Based on property information with market context.
This freestanding medical center occupies 1.23 acres and was configured for clinical operations. The interior includes eight exam rooms, a lobby with multiple reception stations, treatment and pharmacy areas, a procedure or surgery room, a former imaging room, private offices, staff-support areas, specialty plumbing, and a flexible rear wing. Separate circulation for public, patient, staff, delivery, and service functions supports an organized operational layout. The building also features 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 property provides 36 existing parking spaces, including two ADA-designated spaces, with approximately 11 additional spaces contemplated 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 user-specific improvements and applicable approvals.
The property provides 36 existing parking spaces, including two ADA-designated spaces, with approximately 11 additional spaces contemplated 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 user-specific improvements and applicable 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 existing 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
Paved road access
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Purpose-built clinical layout with exam, treatment, procedure, pharmacy, office, and patient reception areas.
Where is this medical center 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 plus treatment, pharmacy, procedure/surgery, and former imaging areas; 36 existing parking spaces, including two ADA‑designated spaces
