Medical Office with Exam
For Sale
Under Contract
$539,000
3006 E Kiehl Avenue, Sherwood, AR 72120
Commercial / Industrial, Sherwood, AR
Property Size2,182 SF
Lot Size0.40 Acres
Price / SF$247.02
Days on Market48
Property Features for 3006 E Kiehl Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Interior features
Public Restrooms, Handicapped Design
Accessibility
Accessible Approach with Ramp
Directions
Hwy 67/167 N to Brookswood/Brockington Exit. Stay left over overpass. Keep right at the fork and merge onto Brookswood. Turn left onto Keihl Ave. Property is on the left.
Subdivision
SHERWOOD
Standard status
Active Under Contract
Size
2,182 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Description
3R/0 North Hills Manor 2
Tax Annual Amount
3865
Legal Description
3R/0 North Hills Manor 2
Building Details
Year built
1983
Floors in Building
1
Roof type
Shingle
Listing Agency:
McKimmey Associates REALTORS NLR
(501) 812-3500
Listed By:
Steve Jenkins · License #SA00070306
(501) 231-1725
Added: Jul 16
Changed: Aug 19
Last Checked: Sep 1 at 7:06PM
MLS# 26028809
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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.
This 2,182-square-foot medical office property was built in 1983 and offers a functional layout for continued medical use or other professional operations. The interior includes five patient or exam rooms, a laboratory area, reception and front-desk space, a private office, break room, one public restroom, and two private restrooms. An accessible approach with ramp supports visitor access, while a separate staff or owner entrance and exit provides additional operational separation.
Located at 3006 E Kiehl Avenue in Sherwood, the property receives approximately 21,000 vehicles per day and includes 15 dedicated parking spaces. The building has a shingle roof replaced in 2025 and a new HVAC unit identified for 2026. The existing configuration may accommodate medical, office, retail, or service-related operations, subject to applicable requirements.
Located at 3006 E Kiehl Avenue in Sherwood, the property receives approximately 21,000 vehicles per day and includes 15 dedicated parking spaces. The building has a shingle roof replaced in 2025 and a new HVAC unit identified for 2026. The existing configuration may accommodate medical, office, retail, or service-related operations, subject to applicable requirements.
Key Highlights
- 2,182‑square‑foot medical office property on 0.4 acres
- Five patient or exam rooms plus lab, reception, private office, and break room
- One public restroom and two private restrooms
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
$23,586
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
4.38%
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%
$471,720
$471.7K
Cap Rate 7%
$336,943
$336.9K
Cap Rate 9%
$262,067
$262.1K
Market Conditions
NOI Build-Up for 2,182 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
$43.7K $20.04/SF
− Vacancy
−$4.4K −$2.02/SF
EGI
$39.3K $18.02/SF
− OpEx
−$15.7K −$7.21/SF
NOI
$23.6K $10.81/SF
Area
Pulaski County, AR
Vacancy
10.10%
Lease Rate
$20.04 /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%
$471,720
Cap Rate 7%
$336,943
Cap Rate 9%
$262,067
Alternative Uses
Best Use
Healthcare Medical
$336.9K
$294.8K – $393.1K
NOI $23,586 @ 7.0% cap · market cap 4.38%
Second Best
Office B
$260.7K
$228.1K – $304.2K
NOI $18,249 @ 7.0% cap · market cap 3.39%
Theoretical Best
Specialty Retail
$416.2K
$364.2K – $485.6K
NOI $29,135 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Animal Hospital & Clinic-Shrwd — 3008 E Kiehl Ave, Sherwood, AR 72120
- Bogoslavsky Lance DVM — 3008 E Kiehl Ave, Sherwood, AR 72120
- Kiehl Avenue Animal Clinic — 3911 E Kiehl Ave, Sherwood, AR 72120
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with treatment areas, reception, lab space, private offices, restrooms, and dedicated parking.
Where is this medical office space located?
The property is located at 3006 E Kiehl Avenue Sherwood, AR.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 2,182‑square‑foot medical office property on 0.4 acres; Five patient or exam rooms plus lab, reception, private office, and break room; One public restroom and two private restrooms
