Medical Office with Separate
19 Business Park Drive, Greenbrier, AR 72058
For Sale
$850,000
Commercial / Industrial, Traditional, Greenbrier, AR
Property Size6,217 SF
Lot Size0.50 Acres
Price / SF$136.72
Days on Market31
Property Features for 19 Business Park Drive
General Information
Property type
Property subtype
Parking
Interior features
Exterior features
Fencing
Lot features
Directions
Subdivision
Standard status
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
reception area
updated kitchen
laundry room
security system
fenced rear area
outside storage
Building Details
Year built
Floors in Building
Flooring type
Roof type
Architectural style
Listing Agency:
Homeward Realty
(501) 505-4009
Listed By:
Anthony Walker
(870) 725-6205
Added: Oct 13
Changed: Nov 2
Last Checked: Nov 12 at 12:06AM
MLS# 26041482
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.
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Investment Insights
Based on property information with market context.
This 6,217-square-foot medical office property in Greenbrier is arranged in two wings, with nine oversized rooms, eight private bathrooms, and an additional bathroom off the hall. Multiple exterior entrances allow access to individual areas. The interior also includes a reception area, a kitchen with commercial-grade sinks, a dedicated laundry room with two commercial washer/dryer sets, and a security system. A metal roof, updated flooring and paint, paved parking, and a partially fenced rear area with outside storage round out the improvements.
The property occupies a 0.5-acre site at 19 Business Park Drive in Greenbrier, Arkansas, near downtown businesses, restaurants, and amenities.
The property occupies a 0.5-acre site at 19 Business Park Drive in Greenbrier, Arkansas, near downtown businesses, restaurants, and amenities.
Key Highlights
- 6,217‑square‑foot medical office property on 0.5 acres
- Two wings with nine oversized rooms
- Eight private en‑suite bathrooms plus an additional hallway bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,968
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,360
$1.6M
Cap Rate 7%
$1,113,829
$1.1M
Cap Rate 9%
$866,311
$866.3K
Market Conditions
NOI Build-Up for 6,217 SF
Gross rent
$115.6K $18.60/SF
− Vacancy
−$11.7K −$1.88/SF
EGI
$104.0K $16.72/SF
− OpEx
−$26.0K −$4.18/SF
NOI
$78.0K $12.54/SF
Area
Faulkner County, AR
Vacancy
10.10%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,360
Cap Rate 7%
$1,113,829
Cap Rate 9%
$866,311
Alternative Uses
Best Use
Office B
$1.11M
$974.6K – $1.30M
NOI $77,968 @ 7.0% cap · market cap 9.17%
Second Best
Healthcare Medical
$750.6K
$656.8K – $875.7K
NOI $52,540 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,262 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 72058, AR
18,525
Population
7,143
Households
2.6
Avg Household Size
37
Median Age
28%
College-Educated
96%
High-School Grad
157.3 sq mi
ZIP Area
118
Density / Sq Mi
$80,406
Median Household Income
$48,578
Median Earnings
$1,027
Median Rent
$203,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Multiple exterior access points support separate suite access or distinct business operations.
Where is this medical office space located?
The property is located at 19 Business Park Drive Greenbrier, AR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 6,217‑square‑foot medical office property on 0.5 acres; Two wings with nine oversized rooms; Eight private en‑suite bathrooms plus an additional hallway bathroom
