Medical Office Space Near
For Sale
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1 Mercy Ln, Hot Springs, AR 71913
3800 SF medical office space near CHI St. Vincent.
Property Size3,800 SF
Price / SF$173.42
Days on Market155
Property Features for 1 Mercy Ln
General Information
Standard status
Active
Size
3,800 SF
Total Parking Spaces
50
Property subtype
Office
Listing Agency:
Trademark Real Estate, Inc
(501) 282-0543
Listed By:
George A. Dooley · License #AR
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Aug 8 at 2:45PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$36,697
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
5.57%
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%
$733,940
$733.9K
Cap Rate 7%
$524,243
$524.2K
Cap Rate 9%
$407,744
$407.7K
Market Conditions
NOI Build-Up for 3,800 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
$66.1K $17.40/SF
− Vacancy
−$5.0K −$1.31/SF
EGI
$61.2K $16.10/SF
− OpEx
−$24.5K −$6.44/SF
NOI
$36.7K $9.66/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$17.40 /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%
$733,940
Cap Rate 7%
$524,243
Cap Rate 9%
$407,744
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,287
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
