Multi-Tenant Medical Office
For Sale
$2,650,000
2504 W Main Street, Russellville, AR 72801
Medical office space with an available area for a new business or practitioner.
Property Size15,280 SF
Price / SF$173.43
Days on Market43
Property Features for 2504 W Main Street
General Information
Standard status
Active
Size
15,280 SF
Property subtype
CommercialSale
Building Details
Tenancy
Multi
Listing Agency:
Arkansas Real Estate Collective
(479) 970-0986
Listed By:
Wetzel Group
(479) 970-0986
Source:
Connectrealtynwa
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 30 at 5:48PM
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 Arkansas Real Estate Collective
Investment Insights
Based on property information with market context.
This 15,280-square-foot medical office property is occupied by multiple medical professionals and includes space that is currently available for a new occupant. The existing professional use provides a clear medical-office profile for continued occupancy or business relocation.
Located at 2504 W Main Street in Russellville, Arkansas, the property sits within the city’s business district. The available area offers an opportunity for a medical practice or related professional user to establish operations at the property.
Located at 2504 W Main Street in Russellville, Arkansas, the property sits within the city’s business district. The available area offers an opportunity for a medical practice or related professional user to establish operations at the property.
Key Highlights
- 15,280 square feet of medical office space
- Occupied by multiple medical professionals
- Space currently available for occupancy
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
$135,457
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
5.11%
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%
$2,709,140
$2.7M
Cap Rate 7%
$1,935,100
$1.9M
Cap Rate 9%
$1,505,078
$1.5M
Market Conditions
NOI Build-Up for 15,280 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
$229.2K $15.00/SF
− Vacancy
−$3.4K −$0.23/SF
EGI
$225.8K $14.78/SF
− OpEx
−$90.3K −$5.91/SF
NOI
$135.5K $8.87/SF
Area
Pope County, AR
Vacancy
1.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
40.00%
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%
$2,709,140
Cap Rate 7%
$1,935,100
Cap Rate 9%
$1,505,078
Alternative Uses
Best Use
Healthcare Medical
$1.94M
$1.69M – $2.26M
NOI $135,457 @ 7.0% cap · market cap 5.11%
Second Best
Office B
$1.92M
$1.68M – $2.24M
NOI $134,577 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $170,892 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space with an available area for a new business or practitioner.
Where is this medical office space located?
The property is located at 2504 W Main Street Russellville, AR.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 15,280 square feet of medical office space; Occupied by multiple medical professionals; Space currently available for occupancy
