Leased Medical Office
For Sale
$3,500,000
103-109 201-205 Frankie Lane, White Hall, AR 71602
Commercial / Industrial, White Hall, AR
Property Size18,984 SF
Lot Size2.79 Acres
Price / SF$184.37
Days on Market228
Property Features for 103-109 201-205 Frankie Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
60
Directions
I530 South to W Holland Avenue in White Hall. Take exit 32. East on W Holland. South on Dollarway Road. Destination on left.
Subdivision
PINE BLUFF (WHITE HALL CITY)
Standard status
Active
Size
18,984 SF
Lot size
2.79 Acres
Taxes and HOA fees
Tax Description
Sec 16 Twp 5 S Rng 10 W
Legal Description
Sec 16 Twp 5 S Rng 10 W
Building Details
Year built
2014
Floors in Building
1
Listing Agency:
Berkshire Hathaway HomeServices Arkansas Realty
(501) 255-2000
Listed By:
Robin Miller
(501) 580-3183
Added: Feb 19
Changed: Oct 5
Last Checked: Oct 5 at 1:06PM
MLS# 26007700
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.
This 18,984-square-foot medical office property comprises a fully leased general office and medical facility. The buildings were completed in 2014 and feature concrete slab foundations and brick exterior walls. The offering includes addresses at 103–109 and 201–205 Frankie Lane in White Hall, Arkansas, on a 2.79-acre site.
The property is south of Pine Bluff, with access to I-530. It is located above the 100-year flood plain. Tenants are primarily medical users, with a major Arkansas hospital and the State of Arkansas serving as anchors.
The property is south of Pine Bluff, with access to I-530. It is located above the 100-year flood plain. Tenants are primarily medical users, with a major Arkansas hospital and the State of Arkansas serving as anchors.
Key Highlights
- 18,984‑square‑foot office and medical facility
- Fully leased, with a tenant mix primarily focused on medical users
- Anchored by a major Arkansas hospital and the State of Arkansas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$255,830
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,116,600
$5.1M
Cap Rate 7%
$3,654,714
$3.7M
Cap Rate 9%
$2,842,556
$2.8M
Market Conditions
NOI Build-Up for 18,984 SF
Gross rent
$385.0K $20.28/SF
− Vacancy
−$43.9K −$2.31/SF
EGI
$341.1K $17.97/SF
− OpEx
−$85.3K −$4.49/SF
NOI
$255.8K $13.48/SF
Area
Jefferson County, AR
Vacancy
11.40%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,116,600
Cap Rate 7%
$3,654,714
Cap Rate 9%
$2,842,556
Alternative Uses
Best Use
Office B
$3.65M
$3.20M – $4.26M
NOI $255,830 @ 7.0% cap · market cap 7.31%
Second Best
Healthcare Medical
$3.65M
$3.19M – $4.26M
NOI $255,527 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,702 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71602, AR
16,112
Population
7,489
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
89%
High-School Grad
131.0 sq mi
ZIP Area
123
Density / Sq Mi
$54,936
Median Household Income
$35,644
Median Earnings
$900
Median Rent
$135,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- White Hall Veterinary Clinic — 106 Clinic Dr, White Hall, AR 71602
Frequently Asked Questions
What type of property is this?
Medical Office Space - A medical-focused tenant mix occupies a multi-building office property completed in 2014.
Where is this medical office space located?
The property is located at 103-109 201-205 Frankie Lane White Hall, AR.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 18,984‑square‑foot office and medical facility; Fully leased, with a tenant mix primarily focused on medical users; Anchored by a major Arkansas hospital and the State of Arkansas
