Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    201 Rice Berryville, AR 72616

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Move-in ready office space in the heart of the Medical District.

    Type:Office
    Property size:
    2,900 SF
    Added:
    Feb 23, 2026
    Days on Market:
    41
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 201 Rice

    General Information

    Standard status
    Active
    Size
    2,900 SF
    Property subtype
    Office

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    Jeff Epley

    Listing agent Jeff Epley License #AR

    Listing office Williams Properties Real Estate

    Listing date Feb 23, 2026

    Source Crexi

    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 Williams Properties Real Estate

    Overview

    Medical District Professional Office Space

    This professional office space, located in the Medical District, offers approximately 2,900 square feet of workspace. The property was recently renovated in 2018 and features updated finishes. The layout is configurable and includes multiple private offices and exam rooms, a reception area, and support spaces. Ample parking is available for staff and clients. The property is well-located in a highly trafficked area with easy access to major roads and nearby amenities. It is suitable for medical, administrative, or professional services, including medical practitioners, professional services firms, or administrative headquarters.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Berryville Veterinary Clinic — 1104 S Main St, Berryville, AR 72616

    Location Insight

    • Map
    • Local Demand
    City
    Berryville
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.553431
    Latitude
    36.358103

    Nearby Similar for Sale

    • $389,000
      2,900 SF

      Berryville Office Space in Medical District

      Move-in ready office space in the heart of the Medical District.
      201 Rice ST, Berryville, AR 72616
      View Details
    • $200,000
      1,730 SF

      Versatile Mixed-Use Property in Berryville

      Adaptable commercial space near amenities, ideal for various ventures.
      412 Springfield ST, Berryville, AR 72616
      View Details
    • $550,000
      8,990 SF

      Prime Berryville Investment Opportunity

      Versatile commercial building with income potential on the public square.
      201-202 Public SQ, Berryville, AR 72616
      View Details
    • $1,200,000
      12,914 SF

      Berryville Commercial Investment Opportunity

      Multi-use property with income, expansion potential, and highway visibility.
      702 Trimble AVE, Berryville, AR 72616
      View Details
    • $275,000
      1,634 SF

      Cottage Style Commercial Property

      Remarkable cottage-style property with great exposure in a high-traffic area.
      108 Springfield ST, Berryville, AR 72616
      View Details
    • $750,000
      9,990 SF

      Restored 1920s Commercial Building

      Restored 1920s commercial building with pub, office, apartments, retail.
      203 & 205 Public SQ, Berryville, AR 72616
      View Details
    • $839,000
      16,404 SF

      Former Church with Living Space

      Unique property near city square, ideal for various uses.
      510 E Madison AVE, Berryville, AR 72616
      View Details
    • $450,000
      5,460 SF

      Historic Berryville Building For Sale

      Income-producing historic building with apartments, office, and restaurant.
      203 Public SQ, Berryville, AR 72616
      View Details
    • $115,000
      1,664 SF

      Mixed-Use Property with Living Quarters

      Unique property offering flexibility for business or residential use.
      105 Hubbert ST, Berryville, AR 72616
      View Details
    • $75,001

      Berryville Land Ready for Horses

      7.93 acres, fenced, pasture, ideal for horses or cattle.
      Cr-420, Berryville, AR 72616
      View Details
    • $300,000
      3,586 SF

      Historic Berryville Retail and Residential

      Historic building with retail and residential income potential on the square.
      205 Public SQ, Berryville, AR 72616
      View Details
    • $824,995
      16,200 SF

      Mixed-Use Building with Established Theater

      16,000+ sq ft building with theater, restaurant, offices, retail.
      205, 207, 209 S Main Street, Berryville, AR 72616
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready office space in the heart of the Medical District.
    Where is this medical office space located?
    The property is located at 201 Rice Berryville, AR.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: Prime location in the heart of the Medical District.; Approximately 2,900 square feet of modern, move‑in ready office space.; Recently renovated in 2018 with updated finishes.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Epley
    Real Estate License ID: AR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!