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    137 Rowland Rd Monroe, LA 71203

    Sponsored
    For Sale
    $209,000

    1,514 SF Office, 0.51 Acres, High Income Potential

    Property size:
    1,514 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 137 Rowland Road in Monroe, Louisiana, presents a lucrative investment opportunity. The 1,514 square foot office building sits on a 0.51-acre lot and is ideally located with easy access from Highway 139. Currently configured as a barber shop with six stations (three barber, three beauty), including a shampoo station and dryer chair, the building also features a spacious waiting area and a separate office. A significant advantage is the additional living space at the rear, offering potential for extra rental income or retail lease. Further enhancing the income stream are three occupied trailers on the property, generating a combined monthly rental income of $1,800. This property offers a blend of established income and significant upside potential, making it an attractive investment for discerning buyers. The property's location and existing infrastructure provide a solid foundation for continued success and growth. The asking price is $209,000. Don't miss this chance to acquire a high-yield commercial property in a desirable Monroe location. The zip code is 71203, and the property is situated in Ouachita County.

    Property Features for 137 Rowland Rd

    General Information

    Property type
    Land
    Square Feet
    1,514 SF
    Lot Size
    22,216 SF

    HighLights

    • 1,514 SF office building on a 0.51‑acre lot in Monroe, LA (71203), Ouachita County.
    • Convenient Highway 139 access.
    • Currently operating as a six‑station barbershop (three barber, three beauty) with waiting area, office, and shampoo station.
    • Includes additional rear living space with rental or retail potential.
    • Three occupied trailers generate $1,800/month in rental income.
    • Asking price: $209,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    James Harper's Barber ... Barber Shop

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.0135318
    Latitude
    32.5454097

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    FAQs

    What type of property is this?
    Land - 1,514 SF Office, 0.51 Acres, High Income Potential
    Where is this land located?
    The property is located at 137 Rowland Rd Monroe, LA.
    What is the asking price?
    The asking price for this property is $209,000.
    What are key features of this property?
    This property features: 1,514 SF office building on a 0.51-acre lot in Monroe, LA (71203), Ouachita County.; Convenient Highway 139 access.; Currently operating as a six-station barbershop (three barber, three beauty) with waiting area, office, and shampoo station.
    Request Owner's contact information
    137 Rowland Rd Monroe, LA 71203
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    Monroe, LA 71203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    137 Rowland Rd Monroe, LA 71203
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