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    318 Rhodes St West Memphis, AR 72301

    For Sale
    $1,900,000

    Medical Office Portfolio | 8.40% CAP | 19,663 SqFt

    Property size:
    19,663 SF

    Description

    Added:
    Oct 6, 2025
    Days on Market:
    61
    Excellent opportunity to acquire a fully-occupied, five-building (seven-suite) medical portfolio in West Memphis, AR, located in the Memphis, TN MSA, just eight miles from downtown Memphis. Healthcare real estate offers investors the opportunity for stable returns and long-term growth. This portfolio provides both: secure income and the opportunity to increase future returns through rental rate increases and a decrease in owner responsibility for OPEX. Lease terms range from 3-5 years, and two of the leases include renewal options and rent escalations. Each building is well-maintained and in a strong location for healthcare services. West Memphis is experiencing significant economic momentum, evidenced by recent and planned government and corporate investments, including a $4B Google data center, making this a prime time to acquire a recession-resistant asset in the city.

    Property Features for 318 Rhodes St

    General Information

    Property type
    Medical space
    Investment Type
    value-add
    Square Feet
    19,663 SF
    Class
    C
    Total Parking Spaces
    18
    Elevators
    No
    Net Rentable
    19,663 SF
    Lot Size
    0 SF
    Occupancy
    100%
    Net Operating Income
    $159,598

    Building Details

    Year Built/Renovated
    2005/2021
    Buildings
    5
    Stories
    1
    Units
    7

    HighLights

    • Stable Occupancy and Income
    • Favorable Tenant Mix
    • Value‑Add Opportunity
    • Significant Capital Improvements
    • Strategic Healthcare Location
    • Strong Economic Growth in the Area
    Insight Report Location Intelligence

    Current Use by Public Records

    Sentry Healthcare Social Services Organization Patterson Joseph MD Emergency Care Physician Pathgroup Medical Clinic ARcare West Memphis Medical Clinic

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Memphis
    State
    Arkansas
    Longitude
    -90.1876453
    Latitude
    35.1447839

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    FAQs

    What type of property is this?
    Medical space - Medical Office Portfolio | 8.40% CAP | 19,663 SqFt
    Where is this medical space located?
    The property is located at 318 Rhodes St West Memphis, AR.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Stable Occupancy and Income; Favorable Tenant Mix; Value-Add Opportunity
    (479) 310-8723
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    318 Rhodes St West Memphis, AR 72301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    318 Rhodes St West Memphis, AR 72301
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