Medical Office
2621 W Main Russellville, AR 72801
SINGLE_FAMILY - Russellville, AR
Type:Retail
Property size:
12,000 SFPrice / SF:
$100/SF- Added:
- Jul 29, 2025
- Days on Market:
- 347
- Last Refresh:
- Jul 10 at 2:06 pm
Property Features for 2621 W Main
General Information
- Property type
- Residential
- Property subtype
- Retail
- Rooms
- Basement
- Standard status
- Active
- APN
- 853-00104-000C
- Size
- 12,000 SF
Taxes and HOA fees
- Tax Description
- 06-07N-20W
Building Details
- Year built
- 1981
Listing agent Chris Abington License #PB00051512 (479) 264-1195
Listing office River Valley Realty, Inc 800 E Main Street, Russellville, AR (479) 968-6260
Listing date Jul 29, 2025
MLS# 1316361
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.
Located at 2621 W Main in Russellville, Arkansas, this well-maintained commercial office complex is positioned in West Russellville’s dense medical and professional office corridor. The property totals approximately 12,000 square feet and includes multiple suite configurations designed to support a range of professional and medical uses.
According to the listing remarks, the building is currently improved with multiple established tenants and provides ample lighted parking on site. The overall layout is set up to allow for flexibility in occupancy and could be suitable for an owner-occupant looking to take space while remaining income-producing.
The information provided also notes the property’s continued relevance to the surrounding mix of office, clinic, and service providers, supporting an environment where professional services are already in place.
According to the listing remarks, the building is currently improved with multiple established tenants and provides ample lighted parking on site. The overall layout is set up to allow for flexibility in occupancy and could be suitable for an owner-occupant looking to take space while remaining income-producing.
The information provided also notes the property’s continued relevance to the surrounding mix of office, clinic, and service providers, supporting an environment where professional services are already in place.
Key Highlights
- Located in West Russellville's medical and professional office corridor.
- 12,000+ sq ft commercial complex.
- Multiple established tenants.
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
Property Profile
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 building - Well-maintained office complex offering flexible suite configurations, multiple established tenants, and lighted parking.
Where is this office building located?
The property is located at 2621 W Main 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: Located in West Russellville's medical and professional office corridor.; 12,000+ sq ft commercial complex.; Multiple established tenants.
