Two Buildings on 6.14
For Sale
Contact for pricing
220 - 222 John Babish Lane, Russellville, AR 72801
Two buildings with vacant land available for sale.
Property Size9,552 SF
Lot Size2.14 Acres
Price / SF$0.28
Days on Market213
Property Features for 220 - 222 John Babish Lane
General Information
Standard status
Active
Size
9,552 SF
Class
B
Lot size
2.14 Acres
Property subtype
Office
Building Details
Building Size
9,552 SF
Listing Agency:
Kelley Commercial Partners - Little Rock
Listed By:
Gary Smith · License #SA00051128
(501) 766-3021
Source:
Kelleycommercialpartners
Added: Mar 26
Changed: Oct 23
Last Checked: Oct 23 at 5:02AM
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 Kelley Commercial Partners - Little Rock
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes two buildings situated on approximately 2.14 acres, along with an additional 4 acres of vacant land. The first building is a hospice building with approximately 7,276 square feet. The second building is an office building with approximately 2,276 square feet. The total property size is 9,552 square feet.
Key Highlights
- Two buildings totaling ±9,552 SF on ±2.14 acres (Parcel 1)
- Includes a ±7,276 SF Hospice Building (Parcel 1)
- Includes a ±2,276 SF Office Building (Parcel 1)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,083
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,660
$1.3M
Cap Rate 7%
$915,471
$915.5K
Cap Rate 9%
$712,033
$712.0K
Market Conditions
NOI Build-Up for 7,276 SF
Gross rent
$91.7K $12.60/SF
− Vacancy
−$6.2K −$0.86/SF
EGI
$85.4K $11.74/SF
− OpEx
−$21.4K −$2.94/SF
NOI
$64.1K $8.81/SF
Area
Pope County, AR
Vacancy
6.80%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,660
Cap Rate 7%
$915,471
Cap Rate 9%
$712,033
Alternative Uses
Best Use
Office B
$915.5K
$801.0K – $1.07M
NOI $64,083 @ 7.0% cap · market cap 3,163.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,375 @ 7.0% cap · market cap 4,016.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 72801, AR
18,510
Population
7,530
Households
2.5
Avg Household Size
29
Median Age
26%
College-Educated
82%
High-School Grad
8.0 sq mi
ZIP Area
2,314
Density / Sq Mi
$42,363
Median Household Income
$22,473
Median Earnings
$837
Median Rent
$153,900
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
Frequently Asked Questions
What type of property is this?
Office building - Two buildings with vacant land available for sale.
Where is this office building located?
The property is located at 220 - 222 John Babish Lane Russellville, AR.
What are key features of this property?
This property features: Two buildings totaling ±9,552 SF on ±2.14 acres (Parcel 1); Includes a ±7,276 SF Hospice Building (Parcel 1); Includes a ±2,276 SF Office Building (Parcel 1)
