Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1019 Fred Lagrone Dr Crossett, AR 71635

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,050,000

    5,204 SF medical clinic near Ashley County Medical Center.

    Type:Office
    Property size:
    5,204 SF
    Added:
    Nov 21, 2025
    Days on Market:
    136
    Last Refresh:
    Apr 1 at 9:04 pm

    Property Features for 1019 Fred Lagrone Dr

    General Information

    Standard status
    Active
    Size
    5,204 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Bill Puddephatt

    Listing agent Bill Puddephatt

    Listing office

    Listing date Nov 21, 2025

    Source Kelleycommercialpartners

    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 Bill Puddephatt

    Overview

    Freestanding Medical Clinic For Sale

    This is a 5,204 square foot freestanding medical clinic on approximately 0.75 acres. The single-story brick building is well-maintained and located on a corner site with ample parking. It is adjacent to Ashley County Medical Center and has convenient access from Hwy 133 and 1st Street (Hwy 82). The property is zoned C-H and is in close proximity to the hospital, medical offices, banks, restaurants, and other services. The property is currently under a long-term lease with annual escalations to DaVita, Inc., a nationally recognized credit tenant and Fortune 500 company operating 2,657 clinics across the U.S. with $12.8B in reported annual revenue (2024). This property is offered as a stand-alone opportunity or part of a four-property portfolio of income-producing medical offices. Ashley County Medical Center has been a trusted provider serving Crossett and South Arkansas for more than 110 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Law Firm Big Box & Wholesale Store Spa & Massage Center Dental Office Hair Salon Auto Repair Shop Hotel & Motel Nail Salon Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crossett
    County
    Ashley
    State
    Arkansas
    Longitude
    -91.9392
    Latitude
    33.1394

    Nearby Similar for Sale

    • $97,500
      2,560 SF

      Main Street Office Building

      Office building on Main Street in Crossett, Arkansas.
      310 Main St., Crossett, AR 71635
      View Details
    • $81,000
      2,500 SF

      Crossett Building and Land

      Building and land for sale in Crossett, Arkansas.
      705 W 1St Ave, Crossett, AR 71635
      View Details
    • $97,500
      2,560 SF

      Crossett Retail Storefront Opportunity

      Retail storefront property for sale in Crossett, Arkansas.
      310 Main St., Crossett, AR 71635
      View Details
    • $1,495,000
      21,558 SF

      Crossett Office Building For Sale

      Office building with 21,558 square feet of space.
      King Cir, Crossett, AR
      View Details
    • $500,000
      2,614 SF

      Kentucky Fried Chicken Restaurant Opportunity

      Built-out restaurant business for sale in Crossett, Arkansas.
      201 E 1st Ave, Crossett, AR 71635
      View Details
    • $795,000
      55,239 SF

      Crossett Warehouse and Office Buildings

      Warehouse and office buildings on 2.3 acres in Crossett.
      403 Texas St, Crossett, AR
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 5,204 SF medical clinic near Ashley County Medical Center.
    Where is this medical office space located?
    The property is located at 1019 Fred Lagrone Dr Crossett, AR.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Long‑term lease with DaVita, Inc., a nationally recognized credit tenant and Fortune 500 company.; Freestanding ±5,204 SF medical clinic on ±0.75 AC.; Adjacent to Ashley County Medical Center.
    (501) 244-7508
    We can help!
    Listing Contact
    Bill Puddephatt
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!