Building Details

Year Built 2014

Tenancy Single

Listing Agency: Arkansas Real Estate Collective h***@gmail.com Show Phone

Listed By: Christopher Becnel · License #SA00085565 Show Phone

Source: Dustinwhiterealty

Added: Sep 14 Changed: Nov 5 Last Checked: Nov 6 at 7:23AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 47,403-square-foot medical office property in Russellville, Arkansas, was built in 2014 and is occupied by a multi-specialty clinic. The offering includes the land and buildings; the medical practice operating there is excluded from the sale.

An existing tenant remains in place. The facility is configured for medical-office use and may also serve other professional purposes.

Key Highlights

• 47,403‑square‑foot medical office property
• Built in 2014
• Occupied by a multi‑specialty medical clinic

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$420,228

Cap Rate

3.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,404,560 $8.4M

Cap Rate 7%

$6,003,257 $6.0M

Cap Rate 9%

$4,669,200 $4.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 47,403 SF

Gross rent

$711.0K $15.00/SF

− Vacancy

−$10.7K −$0.23/SF

EGI

$700.4K $14.78/SF

− OpEx

−$280.2K −$5.91/SF

NOI

$420.2K $8.87/SF

Area

Pope County, AR

Vacancy

1.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,404,560

Cap Rate 7%

$6,003,257

Cap Rate 9%

$4,669,200

Alternative Uses

Best Use

Healthcare Medical

$6.00M

$5.25M – $7.00M (±1% cap)

NOI $420,228 @ 7.0% cap · market cap 3.50%

Second Best

Office B

$5.96M

$5.22M – $6.96M (±1% cap)

NOI $417,497 @ 7.0% cap · market cap 3.48%

Theoretical Best

Office A

$7.57M

$6.63M – $8.84M (±1% cap)

NOI $530,155 @ 7.0% cap · market cap 4.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Keena Melton Physician Michael Brad McAlister, ... Pediatrician Jonathan Brixey, MD Pediatrician Kevin H. Beavers, ... Physician Charles A. Jackson, MD Pediatrician

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Building Supply Hair Salon Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

446

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 72801, AR

18,510

Population

7,530

Households

2.5

Avg Household Size

29

Median Age

26%

College-Educated

82%

High-School Grad

8.0 sq mi

ZIP Area

2,314

Density / Sq Mi

$42,363

Median Household Income

$22,473

Median Earnings

$837

Median Rent

$153,900

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - An operating clinic occupies the premises under a lease; the medical practice is not part of the sale.

Where is this medical office space located?

The property is located at 101 Skyline Drive Russellville, AR.

What is the asking price?

The asking price for this property is $12,000,000.

What are key features of this property?

This property features: 47,403‑square‑foot medical office property; Built in 2014; Occupied by a multi‑specialty medical clinic