Former Urgent Care
For Sale
Contact for pricing
201 Airport Rd, Hot Springs, AR 71913
Former urgent care clinic with five exam rooms on a hard-corner lot with stoplight access and 15 dedicated parking spaces.
Property Size2,990 SF
Lot Size0.40 Acres
Price / SF$301
Days on Market97
Property Features for 201 Airport Rd
General Information
Standard status
Active
Size
2,990 SF
Total Parking Spaces
15
Lot size
0.40 Acres
Property subtype
OFFICE
Additional Details
Traffic Count
16,195 vehicles/day
Listing Agency:
Colliers - Hot Springs
(501) 623-2200
Listed By:
Brian Gehrki
(501) 623-2200
Source:
Moodyscre
Added: Apr 25
Changed: Jul 28
Last Checked: Jul 29 at 1:54PM
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 Colliers - Hot Springs
Investment Insights
Based on property information with market context.
This 3,000-square-foot former urgent care clinic offers a functional medical office layout with five exam rooms. The property is positioned to support day-to-day patient and staff workflow, and it is available for sale or lease. The building sits on a 0.40-acre corner lot.
The site is a hard corner with stoplight access, along with high visibility for passing traffic. Daily traffic is reported at 16,195 vehicles per day, and the property includes 15 dedicated parking spaces.
With its existing exam-room configuration and dedicated parking, the building is well-suited for healthcare users and other professional office tenants seeking a turnkey setup.
The site is a hard corner with stoplight access, along with high visibility for passing traffic. Daily traffic is reported at 16,195 vehicles per day, and the property includes 15 dedicated parking spaces.
With its existing exam-room configuration and dedicated parking, the building is well-suited for healthcare users and other professional office tenants seeking a turnkey setup.
Key Highlights
- Former urgent care clinic with 3,000 SF medical layout
- Five exam rooms for healthcare or professional office use
- Hard‑corner 0.40‑acre lot with stoplight access
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.0k | $17.40 |
| − Vacancy | −$3.9k | −$1.31 |
| EGI | $48.1k | $16.10 |
| − OpEx | −$19.2k | −$6.44 |
| NOI | $28.9k | $9.66 |
2,990 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$412.5K
$360.9K – $481.2K
NOI $28,874 @ 7.0% cap · market cap 3.21%
Second Best
Office B
$410.1K
$358.9K – $478.5K
NOI $28,708 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$546.8K
$478.5K – $638.0K
NOI $38,277 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16,195 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
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.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Former urgent care clinic with five exam rooms on a hard-corner lot with stoplight access and 15 dedicated parking spaces.
Where is this medical office space located?
The property is located at 201 Airport Rd Hot Springs, AR.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Former urgent care clinic with 3,000 SF medical layout; Five exam rooms for healthcare or professional office use; Hard‑corner 0.40‑acre lot with stoplight access
