Medical Office with Dental
For Sale
$299,900
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$159.44
Days on Market48
Property Features for 1501 W C Street
General Information
Standard status
Active
Size
1,881 SF
Property subtype
CommercialSale
Listing Agency:
The Lighthouse Realty Company
(479) 970-2942
Listed By:
TJ Posey · License #PB00078387
(479) 970-2942
Source:
Connectrealtynwa
Added: Jul 14
Changed: Aug 29
Last Checked: Aug 29 at 6:23PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,675
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.56%
Second Best
Office B
$236.7K
$207.1K – $276.1K
NOI $16,567 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$300.5K
$263.0K – $350.6K
NOI $21,037 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Under-served
Demand for This Use
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
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
- 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 $299,900.
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
