Medical Office Space Near
1 Mercy Ln, Hot Springs, AR 71913
3800 SF medical office space near CHI St. Vincent.
Type:Office
Property size:
3,800 SFPrice / SF:
$173/SF- Added:
- Mar 19, 2026
- Days on Market:
- 110
- Last Refresh:
- Mar 20 at 8:39 pm
Property Features for 1 Mercy Ln
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- Office
Listing office Trademark Real Estate, Inc
Listing date Mar 19, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Trademark Real Estate, Inc
HighLights
- Prime medical office space (3800 sq ft) adjacent to CHI St. Vincent Hospital.
- Equipped with reception area, 5 exam rooms, 4‑5 offices, and meeting/board room.
- Includes 4.5 bathrooms, data center with rolling files, and check‑out station.
- Previously used as a cardiologist office, offering potential for similar practice.
- Convenient access to MLK Expressway, downtown, and Oaklawn Casino.
- Located in the heart of Hot Springs, AR, with easy access to most amenities.
Overview
This 3800-square-foot medical office space is located on the fourth floor, conveniently situated next to CHI St. Vincent Hospital in Hot Springs, Arkansas. The property offers easy access to the MLK Expressway, downtown area, Oaklawn Casino, and various amenities. The layout includes a reception area, five exam rooms, four to five offices, four and a half bathrooms, a meeting or board room, a data center with rolling files, and a check-out station. Previously configured as a cardiologist's office, this space presents great potential for medical practices.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.1k | $17.40 |
| − Vacancy | −$5.0k | −$1.31 |
| EGI | $61.2k | $16.10 |
| − OpEx | −$24.5k | −$6.44 |
| NOI | $36.7k | $9.66 |
3,800 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$524.2K
$458.7K – $611.6K
NOI $36,697 @ 7.0% cap · market cap 5.57%
Second Best
Office B
$521.2K
$456.1K – $608.1K
NOI $36,485 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$694.9K
$608.1K – $810.8K
NOI $48,646 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Baptist Health Neurology ...
Hospital
Pellegrino Center For Clincal: ...
Medical Clinic
CHI St. Vincent ...
Medical Clinic
CHI St. Vincent ...
Physician
Anudeep Surendranath, MD
Physician
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Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.068003
- Latitude
- 34.467688
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - 3800 SF medical office space near CHI St. Vincent.
Where is this medical office space located?
The property is located at 1 Mercy Ln Hot Springs, AR.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Prime medical office space (3800 sq ft) adjacent to CHI St. Vincent Hospital.; Equipped with reception area, 5 exam rooms, 4‑5 offices, and meeting/board room.; Includes 4.5 bathrooms, data center with rolling files, and check‑out station.
