Freestanding Medical Office
For Sale
$769,000
2804 E Race Avenue, Searcy, AR 72143
Commercial / Industrial, Built to Suit, Searcy, AR
Property Size2,147 SF
Lot Size0.69 Acres
Price / SF$353.73
Days on Market39
Property Features for 2804 E Race Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Parking
22
Interior features
Kitchen Area
Exterior features
Dumpster, Pole Sign
Lot features
Level
Directions
From Interstate 57, West on Race Ave. Building on the right next to First Security Bank
Subdivision
SEARCY
Standard status
Active
Size
2,174 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Description
IN FILE
Tax Annual Amount
4279
Legal Description
IN FILE
Building Details
Year built
2001
Floors in Building
1
Architectural style
Other
Listing Agency:
Dalrymple
(501) 268-2445
Listed By:
Jose Colunga · License #AR PB00076250
(501) 515-2658
Added: Aug 18
Changed: Aug 19
Last Checked: Sep 25 at 11:06PM
MLS# 26033707
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.
Investment Insights
Based on property information with market context.
This freestanding medical office property at 2804 E Race Avenue includes private offices, wood-plank flooring, neutral interior finishes, modern ADA restrooms, and exam or lab rooms equipped with plumbing, custom cabinetry, and granite-style countertops. A kitchen area is also included. The building was constructed in 2001 and is situated on 0.69 acres.
Exterior features include a dedicated surface parking lot with ADA-accessible spaces, a pole sign, and a dumpster. The property is positioned along East Race Avenue with exposure to more than 24,000 vehicles per day and sits next to established retail and medical providers in Searcy, Arkansas. Its configuration is suited to continued medical office use without the need for a new interior build-out.
Exterior features include a dedicated surface parking lot with ADA-accessible spaces, a pole sign, and a dumpster. The property is positioned along East Race Avenue with exposure to more than 24,000 vehicles per day and sits next to established retail and medical providers in Searcy, Arkansas. Its configuration is suited to continued medical office use without the need for a new interior build-out.
Key Highlights
- Freestanding medical office building constructed in 2001
- Situated on 0.69 acres along East Race Avenue
- Exposure to over 24,000 vehicles per day
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
$26,982
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
3.51%
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%
$539,640
$539.6K
Cap Rate 7%
$385,457
$385.5K
Cap Rate 9%
$299,800
$299.8K
Market Conditions
NOI Build-Up for 2,174 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
$45.7K $21.00/SF
− Vacancy
−$685 −$0.32/SF
EGI
$45.0K $20.69/SF
− OpEx
−$18.0K −$8.27/SF
NOI
$27.0K $12.41/SF
Area
White County, AR
Vacancy
1.50%
Lease Rate
$21.00 /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%
$539,640
Cap Rate 7%
$385,457
Cap Rate 9%
$299,800
Alternative Uses
Best Use
Healthcare Medical
$385.5K
$337.3K – $449.7K
NOI $26,982 @ 7.0% cap · market cap 3.51%
Second Best
Office B
$298.2K
$260.9K – $347.9K
NOI $20,873 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$397.6K
$347.9K – $463.9K
NOI $27,831 @ 7.0% cap · market cap 3.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in-ready clinic with private offices, exam rooms, ADA restrooms, parking, and prominent pole signage.
Where is this medical office space located?
The property is located at 2804 E Race Avenue Searcy, AR.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Freestanding medical office building constructed in 2001; Situated on 0.69 acres along East Race Avenue; Exposure to over 24,000 vehicles per day
