Three-Unit Medical Office
New
For Sale
$2,750,000
2070 McKenzie Street, Springdale, AR 72762
CommercialSale, Springdale, AR
Property Size16,210 SF
Lot Size2.19 Acres
Price / SF$169.65
Days on Market3
Property Features for 2070 McKenzie Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
66
Parking features
Parking Lot
Security features
Security
Interior features
Intercom
Appliances
GasWaterHeater
Lot features
Business Park, Central Business District, City Lot
Directions
Don Tyson Parkway to Interstate 49 North, go north on Interstate 49 to immediate Exit 72 US Highway 412, turn right (east) on Hwy 412 to the immediate first stop light, turn right on 48th Street, pass Holiday Inn Convention Center, then right on Luvene Avenue, left on McKenzie Street and the 2070 McKenzie Street medical office is on the right and adjacent to Interstate 49.
Standard status
Active
APN
815-36761-000
Size
16,210 SF
Lot size
2.19 Acres
Taxes and HOA fees
Tax Description
Lot 1 48th Street Business Park, Spr
Tax Annual Amount
27447
Legal Description
Lot 1 48th Street Business Park, Spr
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
Brick
Listing Agency:
Broyles & Associates
Listed By:
Dan Broyles · License #PB00048704
(479) 841-3554
Added: Sep 22
Last Checked: Sep 24 at 12:06PM
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.
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 = 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
$244,745
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
8.90%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
