High-Visibility Medical
For Sale
Contact for pricing
2804 E Race Ave, Searcy, AR 72143
A dark medical clinic facility on a high-traffic corridor with strong visibility along E Race Ave.
Property Size2,147 SF
Price / SF$404.29
Days on Market151
Property Features for 2804 E Race Ave
General Information
Standard status
Active
Size
2,147 SF
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Owner/User
Net Operating Income
$86,786
Additional Details
Traffic Count
24,000 vehicles/day
Building Details
Year Built
2001
Buildings
1
Tenancy
Single
Listing Agency:
JLL Austin
Listed By:
Kirby Hayes · License #TX 755222
Source:
Crexi
Added: Apr 10
Changed: Aug 14
Last Checked: Sep 3 at 11:29AM
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 JLL Austin
Investment Insights
Based on property information with market context.
JLL is pleased to offer for sale a dark medical clinic asset comprising approximately 2,147 square feet. The property is currently operating as a clinic space and is being marketed as an owner-user or medical/professional acquisition.
The facility is located at 2804 E Race Ave in Searcy, Arkansas, on a high-traffic corridor with exceptional visibility. E Race Ave sees approximately 24,000 vehicles per day, supporting strong storefront exposure.
The offering also includes in-place rental income, with the owner collecting approximately $87,000 in secure revenue before the current lease expires in approximately one year, creating a transition period for a new owner to finalize plans for future occupancy.
The facility is located at 2804 E Race Ave in Searcy, Arkansas, on a high-traffic corridor with exceptional visibility. E Race Ave sees approximately 24,000 vehicles per day, supporting strong storefront exposure.
The offering also includes in-place rental income, with the owner collecting approximately $87,000 in secure revenue before the current lease expires in approximately one year, creating a transition period for a new owner to finalize plans for future occupancy.
Key Highlights
- 2,147 SF dark medical clinic facility built in 2001
- Approximately $87,000 in secure, in‑place rental income collected by the owner
- Current lease expires in approximately one year
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
$26,646
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
3.07%
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%
$532,920
$532.9K
Cap Rate 7%
$380,657
$380.7K
Cap Rate 9%
$296,067
$296.1K
Market Conditions
NOI Build-Up for 2,147 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
$45.1K $21.00/SF
− Vacancy
−$676 −$0.32/SF
EGI
$44.4K $20.69/SF
− OpEx
−$17.8K −$8.27/SF
NOI
$26.6K $12.41/SF
Area
White County, AR
Vacancy
1.50%
Lease Rate
$21.00 /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%
$532,920
Cap Rate 7%
$380,657
Cap Rate 9%
$296,067
Alternative Uses
Best Use
Healthcare Medical
$380.7K
$333.1K – $444.1K
NOI $26,646 @ 7.0% cap · market cap 3.07%
Second Best
Office B
$294.5K
$257.7K – $343.6K
NOI $20,614 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$392.6K
$343.6K – $458.1K
NOI $27,485 @ 7.0% cap · market cap 3.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - A dark medical clinic facility on a high-traffic corridor with strong visibility along E Race Ave.
Where is this medical center located?
The property is located at 2804 E Race Ave Searcy, AR.
What is the asking price?
The asking price for this property is $868,000.
What are key features of this property?
This property features: 2,147 SF dark medical clinic facility built in 2001; Approximately $87,000 in secure, in‑place rental income collected by the owner; Current lease expires in approximately one year
