Medical Office and Office
2621 W Main Street Russellville, AR 72801
2621 W Main Street, Russellville, AR, 72801
$1,200,000
For Sale
$1,200,000
Well-maintained commercial complex with multiple established tenants, flexible suite configurations, and lighted parking.
Property Size12,000 SF
Price / SF$100
Days on Market360
Property Features for 2621 W Main Street
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1981
Listing agency
River Valley Realty, Inc.
(479) 264-1195
Listed by
Chris Abington · License #PB00051512
(479) 264-1195
Source
Proeliterealty
Added: Jul 29, 2025 Updated: Jul 22 at 8:10PM Checked: Jul 22 at 8:10PM
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 River Valley Realty, Inc.
Investment Insights
Based on property information with market context.
This well-maintained commercial complex offers a total size of 12,000+ sq ft and features flexible suite configurations designed to accommodate a range of professional and medical office uses. The property is currently home to multiple established tenants.
Located at 2621 W Main Street in Russellville, the complex sits within West Russellville’s dense medical and professional office corridor. It also includes ample lighted parking for patient, employee, and visitor access.
With an office-building layout and suite-level flexibility, the property can support owner-occupancy of a portion while maintaining income from the remaining leased space.
Located at 2621 W Main Street in Russellville, the complex sits within West Russellville’s dense medical and professional office corridor. It also includes ample lighted parking for patient, employee, and visitor access.
With an office-building layout and suite-level flexibility, the property can support owner-occupancy of a portion while maintaining income from the remaining leased space.
Key Highlights
- Built in 1981, well‑maintained 12,000+ sq ft commercial complex
- Multiple established tenants
- Flexible suite configurations for professional, medical, or business uses
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.0k | $15.00 |
| − Vacancy | −$2.7k | −$0.23 |
| EGI | $177.3k | $14.78 |
| − OpEx | −$70.9k | −$5.91 |
| NOI | $106.4k | $8.87 |
12,000 SF · lease $15.00/SF/yr · vacancy 1.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.52M
$1.33M – $1.77M
NOI $106,380 @ 7.0% cap · market cap 8.87%
Second Best
Office B
$1.51M
$1.32M – $1.76M
NOI $105,689 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,208 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chenal Family Therapy ...
Crisis Center
Sage Studio Salon
Alternative Medicine Practice
Angelica’s Artistry
Spa & Massage Center
Leighessa Wohlford Realtor ...
Real Estate Agency
LuLu's Nail Bar
Nail Salon
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FAQs
What type of property is this?
Office units - Well-maintained commercial complex with multiple established tenants, flexible suite configurations, and lighted parking.
Where is this office units located?
The property is located at 2621 W Main Street Russellville, AR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Built in 1981, well‑maintained 12,000+ sq ft commercial complex; Multiple established tenants; Flexible suite configurations for professional, medical, or business uses
