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    318 Rhodes St West Memphis, AR 72301

    For Sale
    $1,900,000

    Commercial Building - West Memphis, AR

    Property size:
    19,663 SF
    Lot size:
    0.35 Acres
    Days on Market:
    58
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 318 Rhodes St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    700
    APN
    392054500300
    Parking features
    Garage
    Size
    19,663 SF
    Lot size
    0.35 Acres

    Building Details

    Year built
    2005
    Year renovated
    2005
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    Delta Properties (479) 317-1372

    Listing agent Ashley Habiger (479) 317-1372

    Listing date Oct 9, 2025

    MLS# 11588023 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Portfolio in West Memphis, AR

    This is an opportunity to acquire a fully-occupied medical portfolio consisting of five buildings (seven suites) in West Memphis, Arkansas, within the Memphis, Tennessee Metropolitan Statistical Area, approximately eight miles from downtown Memphis. The well-maintained buildings are situated in a location suitable for healthcare services. Lease terms range from 3 to 5 years, with two leases including renewal options and rent escalations. The portfolio offers secure income, with potential for increased future returns through rental rate increases and reduced owner responsibility for operating expenses. West Memphis is experiencing economic growth, supported by recent and planned government and corporate investments, including a $4 billion Google data center. The building addresses are 302 S Rhodes, 304 S Rhodes, 308 S Rhodes, 318 S Rhodes, all in West Memphis, AR, and 316 W Tyler, also in West Memphis, AR. The lot size is 0.35 acres. The property is zoned 700.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sentry Healthcare Social Services Organization Patterson Joseph MD Emergency Care Physician Pathgroup Medical Clinic ARcare West Memphis Medical Clinic

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

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

    Similar Places Nearby

    Animal Care Center

    Location Insight

    • Map
    • Local Demand
    City
    West Memphis
    County
    Crittenden
    State
    Arkansas
    Longitude
    -90.186048
    Latitude
    35.143267

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    FAQs

    What type of property is this?
    Medical office - Fully-occupied medical portfolio in West Memphis, near Memphis, TN.
    Where is this medical office located?
    The property is located at 318 Rhodes St West Memphis, AR.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Fully-occupied medical portfolio offering stable returns and long-term growth potential.; - Located in West Memphis, AR, just 8 miles from downtown Memphis, TN MSA.; - Opportunity to increase future returns through rental rate increases and decreased owner OPEX responsibility.
    (479) 317-1372
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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
    318 Rhodes St West Memphis, AR 72301
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