Medical Office with Exam
For Sale
$289,000
1501 W C Street, Russellville, AR 72801
COMMERCIAL - Russellville, AR
Property Size1,881 SF
Lot Size0.04 Acres
Price / SF$153.64
Days on Market294
Property Features for 1501 W C Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
10
Appliances
GasWaterHeater
Lot features
City Lot
Directions
Pope County Courthouse Head west on W Main St toward S Boulder Ave 0.8 mi Turn right onto N Phoenix Ave 0.1 mi Turn right onto W C St Destination will be on the right 295 ft 1501 W C St, Russellville, AR 72801
Standard status
Active
APN
805-00019-001C
Size
1,881 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
LOT 1 BLK 9 CITY OF RUSSELLVILLE
Tax Annual Amount
1611
Legal Description
LOT 1 BLK 9 CITY OF RUSSELLVILLE
Utilities
Heating system
Natural Gas, Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1995
Building materials
Brick
Roof type
Shingle
Listing Agency:
The Lighthouse Realty Company
(479) 219-9294
Listed By:
TJ Posey · License #PB00078387
(479) 970-2942
Added: Oct 31, 2025
Changed: Aug 19
Last Checked: Aug 20 at 8:06AM
MLS# 1326892
Copyright © 2026 ArkansasONE MLS. 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.
Built in 1995, this 1,881-square-foot medical office is configured for clinical operations with four patient rooms, each with its own sink. The floor plan also includes a reception and waiting area, two public restrooms, one private restroom, a darkroom, laboratory, private office, break room with laundry hookup, and two mechanical rooms. Brick construction, a shingle roof, public water, natural-gas central heat, and electric central air round out the improvements.
The property is zoned C-4 and sits 0.2 miles from St. Mary's Hospital, just off North Phoenix Drive. Dental equipment may be negotiated separately, while the existing layout can also support conversion to other medical or professional uses.
The property is zoned C-4 and sits 0.2 miles from St. Mary's Hospital, just off North Phoenix Drive. Dental equipment may be negotiated separately, while the existing layout can also support conversion to other medical or professional uses.
Key Highlights
- 1,881 SF medical office building constructed in 1995
- Four patient rooms, each equipped with a sink
- Two public restrooms plus one private restroom
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
5.77%
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 5.77%
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.
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
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Similar Off Market Nearby
- David G Tanner DVM — Russellville, AR 72801
Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical office with specialized room layout, patient facilities, and conversion flexibility for 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: 1,881 SF medical office building constructed in 1995; Four patient rooms, each equipped with a sink; Two public restrooms plus one private restroom
