Three-Unit Medical Office
2070 McKenzie Street, Springdale, AR 72762
For Sale
$2,750,000
Pending
CommercialSale, Springdale, AR
Property Size16,210 SF
Lot Size2.19 Acres
Days on Market50
Property Features for 2070 McKenzie Street
General Information
Property type
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Zoning description
Parking
Parking features
Security features
Interior features
Appliances
Lot features
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Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Description
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Utilities
Sewer type
Heating system
Cooling system
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Building Details
Year built
Floors in Building
Number of units
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Building materials
Buildings
Listing Agency:
Broyles & Associates
Listed By:
Dan Broyles · License AR PB00048704
(479) 841-3554
Added: Sep 22
Changed: Oct 27
Last Checked: Nov 10 at 10:06PM
MLS# 1362720
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.
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Investment Insights
Based on property information with market context.
This three-unit medical office property contains 16,210 square feet in a single-level brick building completed in 2004. The facility includes tile flooring, an intercom system, natural-gas heating, central electric cooling, public water, and public sewer. A parking lot provides 66 parking spaces across the 2.19-acre property.
The building is adjacent to I-49 in Springdale, Arkansas, and has maintained 100% occupancy since inception. The property is positioned near a concentration of healthcare facilities, including AR Children's NW Hospital, Washington Regional Springdale Center, Mana Family Medicine, Mercy Primary/Emergency Care, Edgewood Health/Rehab Center, and Mill Creek Health/Rehab. Three additional lots are also available, consisting of two approximately 1.0-acre parcels and one 0.5-acre parcel, all zoned C-2 with utilities at the street.
The building is adjacent to I-49 in Springdale, Arkansas, and has maintained 100% occupancy since inception. The property is positioned near a concentration of healthcare facilities, including AR Children's NW Hospital, Washington Regional Springdale Center, Mana Family Medicine, Mercy Primary/Emergency Care, Edgewood Health/Rehab Center, and Mill Creek Health/Rehab. Three additional lots are also available, consisting of two approximately 1.0-acre parcels and one 0.5-acre parcel, all zoned C-2 with utilities at the street.
Key Highlights
- 3‑unit medical office building with 16,210 square feet
- 100% leased from inception
- 2.19‑acre property with 66 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$244,745
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,894,900
$4.9M
Cap Rate 7%
$3,496,357
$3.5M
Cap Rate 9%
$2,719,389
$2.7M
Market Conditions
NOI Build-Up for 16,210 SF
Gross rent
$350.1K $21.60/SF
− Vacancy
−$23.8K −$1.47/SF
EGI
$326.3K $20.13/SF
− OpEx
−$81.6K −$5.03/SF
NOI
$244.7K $15.10/SF
Area
Washington County, AR
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,894,900
Cap Rate 7%
$3,496,357
Cap Rate 9%
$2,719,389
Alternative Uses
Best Use
Office B
$3.50M
$3.06M – $4.08M
NOI $244,745 @ 7.0% cap · market cap 8.90%
Second Best
Healthcare Medical
$2.80M
$2.45M – $3.26M
NOI $195,796 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,572 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 72762, AR
42,175
Population
17,270
Households
2.4
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
58.1 sq mi
ZIP Area
726
Density / Sq Mi
$80,678
Median Household Income
$42,066
Median Earnings
$1,118
Median Rent
$278,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-level medical office property with brick construction, dedicated parking, and established multi-tenant occupancy.
Where is this medical office space located?
The property is located at 2070 McKenzie Street Springdale, AR.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 3‑unit medical office building with 16,210 square feet; 100% leased from inception; 2.19‑acre property with 66 parking spaces
