High-Visibility Medical
2804 E Race Ave Searcy, AR 72143
2804 E Race Ave, Searcy, AR, 72143
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For Sale
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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 Market105
Property Features for 2804 E Race Ave
General Information
- Standard status
- Active
- Size
- 2,147 SF
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing agency
JLL Austin
Listed by
Kirby Hayes · License #TX 755222
Source
Crexi
Added: Apr 10 Updated: Jul 23 at 1:22AM Checked: Jul 23 at 1:22AM
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
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 | $45.1k | $21.00 |
| − Vacancy | −$676 | −$0.32 |
| EGI | $44.4k | $20.69 |
| − OpEx | −$17.8k | −$8.27 |
| NOI | $26.6k | $12.41 |
2,147 SF · lease $21.00/SF/yr · vacancy 1.50% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Access Medical Clinic: ...
Medical Clinic
Niblock & Associates
Law Firm
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FAQs
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
