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    2906 Cypress Rd Arkadelphia, AR 71923

    View on Map
    For Lease
    $12 SF/Yr

    Medical/Office building next to Baptist Hospital

    Property size:
    1,000 SF - 4,976 SF
    Added:
    Aug 21, 2025
    Days on Market:
    224
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 2906 Cypress Rd

    General Information

    Standard status
    Active
    Property type
    Medical space, Office properties & Spaces, Healthcare properties
    Size
    1,000 SF - 4,976 SF
    Class
    A
    Total Parking Spaces
    22
    Elevators
    No
    Lease Type
    Modified Gross Lease
    Lease Term
    Flexible
    Rate Type
    Yearly

    Building Details

    Year Built
    2006
    Year Renovated
    2025
    Buildings
    1
    Stories
    2

    Listing date Aug 21, 2025

    Overview

    Medical/Office Building Near Hospital

    This professional office building is located in Woodlands Medical Park, next door to Baptist Hospital. It offers flexible space, with available areas ranging from 1,000 to 4,500 square feet. The property features three to seven offices, a large reception area, and an open general area. Many of the rooms are equipped with a sink and vanity, suitable for various medical needs. The upstairs area includes a full kitchen/breakroom, along with two restrooms, one of which has a shower. The building has a total size of 4,976 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hodge Orthodontics Dental Office Dr. Mel Collazo Dental Office Natalia Hodge Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Arkadelphia
    County
    Clark
    State
    Arkansas
    Longitude
    -93.0883351
    Latitude
    34.1241315

    Nearby Similar for Lease

    • $12/mo

      Woodland Medical Park

      Professional office building with flexible space next to Baptist Hospital.
      2906 Cypress Rd, Arkadelphia, AR 71923
      View Details
    • Contact for pricing

      Corner Office Building Near Courthouse

      Office building with eight offices, breakrooms, and restrooms.
      310 Clay St, Arkadelphia, AR
      View Details
    • Contact for pricing

      Arkadelphia Restaurant Space For Lease

      2,200 SF restaurant space with drive-through near Interstate 30.
      3005 Pine St, Arkadelphia, AR 71923
      View Details

    FAQs

    What type of property is this?
    Medical space - Medical/Office building next to Baptist Hospital
    Where is this medical space located?
    The property is located at 2906 Cypress Rd Arkadelphia, AR.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
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    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
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