Purpose-Built Medical
New
For Sale
$12,000,000
101 Skyline Drive, Russellville, AR 72801
Commercial / Industrial, Russellville, AR
Property Size47,403 SF
Lot Size3.54 Acres
Price / SF$253.15
Days on Market1
Property Features for 101 Skyline Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
100
Interior features
Sprinkler, Elevator, Public Restrooms, Handicapped Design, Fire System, Stairs
Exterior features
Dumpster, Wheelchair Accessible
Accessibility
Accessible Elevator Installed, Accessible Approach with Ramp
Directions
From downtown Russellville, travel west on Main Street (US-64). Turn south onto Skyline Drive and continue to 101 Skyline Drive. Property will be on your right. W Main St/US-64 to Skyline Dr. South on Skyline Dr to 101 Skyline Dr. Property on right.
Subdivision
OTHER ARKANSAS (SOUTH OF ARKANSA
Standard status
Active
APN
853-00048-000C
Size
47,403 SF
Lot size
3.54 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT NE SW .96AC & PT SE NW 2.57
Tax Annual Amount
35104
Legal Description
PT NE SW .96AC & PT SE NW 2.57
Building Details
Year built
2014
Floors in Building
3
Flooring type
Vinyl
Listing Agency:
Arkansas Real Estate Collective
(479) 280-1999
Listed By:
Christopher Becnel
(479) 518-8694
Added: Sep 14
Last Checked: Sep 14 at 4:06PM
MLS# 26037429
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.
Built in 2014, this 47,403-square-foot medical center occupies 3.54 acres and is configured for professional healthcare operations. The facility includes an elevator, public restrooms, fire system, sprinkler system, stairs, vinyl flooring, and handicapped design elements. Accessibility features include an installed accessible elevator and an approach ramp.
The offering includes the real estate, buildings, and land; the medical practice operating from the property is excluded. An existing medical occupant is in place, providing an established use for the facility. The property is located at 101 Skyline Drive in Russellville, Arkansas, within Pope County.
The offering includes the real estate, buildings, and land; the medical practice operating from the property is excluded. An existing medical occupant is in place, providing an established use for the facility. The property is located at 101 Skyline Drive in Russellville, Arkansas, within Pope County.
Key Highlights
- 47,403‑square‑foot medical center on 3.54 acres
- Constructed in 2014
- Existing medical occupant in place; practice is not included in the sale
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
$420,228
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
3.50%
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%
$8,404,560
$8.4M
Cap Rate 7%
$6,003,257
$6.0M
Cap Rate 9%
$4,669,200
$4.7M
Market Conditions
NOI Build-Up for 47,403 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
$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 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%
$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
NOI $420,228 @ 7.0% cap · market cap 3.50%
Second Best
Office B
$5.96M
$5.22M – $6.96M
NOI $417,497 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$7.57M
$6.63M – $8.84M
NOI $530,155 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical center - Modern healthcare facility with accessible design, elevator service, and existing medical occupancy.
Where is this medical center 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 center on 3.54 acres; Constructed in 2014; Existing medical occupant in place; practice is not included in the sale
