Three-Story Medical
For Sale
$12,000,000
101 Skyline Drive, Russellville, AR 72801
Commercially zoned healthcare facility with an established medical tenant and purpose-built clinical layout.
Property Size47,403 SF
Days on Market27
Property Features for 101 Skyline Drive
General Information
Standard status
Active
Size
47,403 SF
Taxes and HOA fees
Annual Taxes
$35,104
Building Details
Building Size
47,403 SF
Year Built
2014
Tenancy
Single
Listing Agency:
Arkansas Real Estate Collective
Listed By:
Chris Becnel · License #SA00085565
(501) 908-2448
Source:
1percentlistsarkansas
Added: Sep 14
Changed: Oct 1
Last Checked: Oct 9 at 4:15PM
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 Arkansas Real Estate Collective
Investment Insights
Based on property information with market context.
This three-story medical center at 101 Skyline Drive in Russellville, Arkansas, was constructed in 2014 and is currently used as a multi-specialty medical clinic. The facility features a professional medical-office configuration with sheet rock and vinyl interior finishes, plus brick and stucco exterior construction on a slab foundation. Paved site improvements and 3.54 acres are included.
The property is zoned Commercial and is positioned in a high-traffic, high-visibility setting. The offering includes the real estate, buildings, and land only; the medical practice operating from the property is not part of the sale. An existing tenant remains in place.
The property is zoned Commercial and is positioned in a high-traffic, high-visibility setting. The offering includes the real estate, buildings, and land only; the medical practice operating from the property is not part of the sale. An existing tenant remains in place.
Key Highlights
- Three‑story medical center constructed in 2014
- Currently occupied by a multi‑specialty medical clinic
- Commercial zoning
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
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
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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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
446
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 - Commercially zoned healthcare facility with an established medical tenant and purpose-built clinical layout.
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: Three‑story medical center constructed in 2014; Currently occupied by a multi‑specialty medical clinic; Commercial zoning
