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    Medical Facility in Prescott, Arkansas Title is generated by Realmo AI

    1440 W 1st Street N, Prescott, AR 71857

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    For Sale
    $1,394,900

    Building and Land - Prescott, AR

    Property size:
    9,792 SF
    Lot size:
    1.24 Acres
    Price / SF:
    $142/SF
    Added:
    Jun 11, 2025
    Days on Market:
    345
    Last Refresh:
    May 21 at 6:06 am

    Property Features for 1440 W 1st Street N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    30
    Standard status
    Active
    Size
    9,792 SF
    Lot size
    1.24 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6445

    Building Details

    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Jason Edington
    Jason Edington

    Listing agent Jason Edington

    Listing office Keller Williams Realty Hot Springs 1820 Central Ave, Little Rock, AR

    Listing date Jun 11, 2025

    MLS# 25022968 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Established medical facility with existing infrastructure including radiology, exam rooms, offices, reception areas.
    • Income‑producing property with a family practice occupying one‑third of the space.
    • Large lot with ample parking and easy highway access.
    • Located in the heart of Prescott, Arkansas, serving the greater Nevada County area.
    • Two‑thirds of the space is vacant and ready for immediate use.
    • Ideal for medical expansion in an underserved market with growing demand for healthcare.

    Overview

    Located in Prescott, Arkansas, the property at 1440 W 1st St N presents an opportunity to own or lease a medical facility. Formerly an outpatient hospital, the 9792-square-foot building includes radiology capabilities, exam rooms, offices, and reception areas. A family practice occupies one-third of the space, while the remaining two-thirds is vacant and suitable for a clinic, dental office, urgent care, therapy center, or lab. The property is situated on a 1.24-acre lot with parking and highway access, serving the Nevada County area. This income-producing property is suitable for medical expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Collom & Carney Clinic Medical Clinic Fox Thomas Alan ... Pediatrician Blane Allan Graves Pediatrician Paul Richard Gardial Pediatrician Blane Graves Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Nevada
    State
    Arkansas
    Longitude
    -93.375494
    Latitude
    33.811528

    Nearby Similar for Sale

    • $86,000
      2,164 SF

      Historic Building with Modern Upgrades

      Versatile commercial space suitable for various business types.
      114 W 1ST S ST, Prescott, AR 71801
      View Details
    • $75,000
      1,320 SF

      Downtown Prescott Building with Land

      Commercial building with land, currently operating as a salon.
      106 W Main Street, Prescott, AR 71857
      View Details
    • $1,394,900

      Prescott Medical Facility For Sale

      Substantial medical facility with existing tenancy and built-in infrastructure.
      1440 West 1st Street North, Prescott, AR 71857
      View Details

    FAQs

    What type of property is this?
    Medical center - Substantial medical facility with tenant income and expansion potential.
    Where is this medical center located?
    The property is located at 1440 W 1st Street N Prescott, AR.
    What is the asking price?
    The asking price for this property is $1,394,900.
    What are key features of this property?
    This property features: Established medical facility with existing infrastructure including radiology, exam rooms, offices, reception areas.; Income‑producing property with a family practice occupying one‑third of the space.; Large lot with ample parking and easy highway access.
    (870) 210-1445
    We can help!
    Listing Contact
    Jason Edington
    Jason Edington
    Real Estate License ID: AB56069,ARKANSAS
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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