Medical Office with Dental
For Sale
$289,000
1501 W C Street, Russellville, AR 72801
C-4-zoned medical office with treatment rooms, reception areas, restrooms, and support spaces for dental or professional use.
Property Size1,881 SF
Price / SF$153.64
Days on Market95
Property Features for 1501 W C Street
General Information
Standard status
Active
Size
1,881 SF
Listing Agency:
The Lighthouse Realty Company
(479) 219-9294
Listed By:
TJ Posey · License #PB00078387
(479) 970-2942
Source:
Connectrealtynwa
Added: Jul 14
Changed: Oct 15
Last Checked: Oct 14 at 10:49PM
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 The Lighthouse Realty Company
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Investment Insights
Based on property information with market context.
This medical office at 1501 W C Street includes four patient rooms, each with a sink, along with a reception area, waiting room and lobby. The layout also provides two public restrooms, one private restroom, a darkroom, lab, private office, break room with laundry hook-up, and two mechanical rooms. Most dental equipment is negotiable, supporting continued dental use or adaptation for other medical and professional purposes.
The property is located just off North Phoenix Drive in Russellville and sits within .2 miles of St. Mary’s Hospital. C-4 zoning supports the property’s identified medical office classification and existing professional configuration.
The property is located just off North Phoenix Drive in Russellville and sits within .2 miles of St. Mary’s Hospital. C-4 zoning supports the property’s identified medical office classification and existing professional configuration.
Key Highlights
- Four patient rooms, each equipped with a sink
- C‑4 zoning for a medical office property
- Within .2 miles of St. Mary’s Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,675
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,500
$333.5K
Cap Rate 7%
$238,214
$238.2K
Cap Rate 9%
$185,278
$185.3K
Market Conditions
NOI Build-Up for 1,881 SF
Gross rent
$28.2K $15.00/SF
− Vacancy
−$423 −$0.23/SF
EGI
$27.8K $14.78/SF
− OpEx
−$11.1K −$5.91/SF
NOI
$16.7K $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%
$333,500
Cap Rate 7%
$238,214
Cap Rate 9%
$185,278
Alternative Uses
Best Use
Healthcare Medical
$238.2K
$208.4K – $277.9K
NOI $16,675 @ 7.0% cap · market cap 5.77%
Second Best
Office B
$236.7K
$207.1K – $276.1K
NOI $16,567 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$300.5K
$263.0K – $350.6K
NOI $21,037 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Under-served
Demand for This Use
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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
Similar Off Market Nearby
- David G Tanner DVM — Russellville, AR 72801
Frequently Asked Questions
What type of property is this?
Medical Office Space - C-4-zoned medical office with treatment rooms, reception areas, restrooms, and support spaces for dental or professional use.
Where is this medical office space located?
The property is located at 1501 W C Street Russellville, AR.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Four patient rooms, each equipped with a sink; C‑4 zoning for a medical office property; Within .2 miles of St. Mary’s Hospital
