Move-In-Ready Medical Office
350 E Millsap Rd, Fayetteville, AR 72703
For Sale
Contact for pricing
Healthcare-oriented office suite in a multi-tenant medical setting with building expenses included.
Property Size2,518 SF
Price / SF$0.01
Days on Market56
Property Features for 350 E Millsap Rd
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Building Details
Year Built
Tenancy
Listing Agency:
Standard Real Estate
(479) 231-6759
Listed By:
Brooke Hernandez
(479) 366-0149
Source:
District3
Added: Sep 16
Changed: Nov 8
Last Checked: Nov 8 at 5:30AM
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 Standard Real Estate
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Investment Insights
Based on property information with market context.
This move-in-ready medical office suite is part of a multi-tenant property completed in 1997. The space can support psychological counseling, physical therapy, massage therapy, or other healthcare-related office uses and products. Property taxes, insurance, and maintenance are included.
The property is located at 350 E Millsap Rd in Fayetteville, two blocks east of Washington Regional Medical Center and with quick access to I-49. A pain specialist and chiropractic practice are already operating within the property, creating an established medical-office setting for compatible users.
The property is located at 350 E Millsap Rd in Fayetteville, two blocks east of Washington Regional Medical Center and with quick access to I-49. A pain specialist and chiropractic practice are already operating within the property, creating an established medical-office setting for compatible users.
Key Highlights
- Move‑in‑ready medical office suite
- Property taxes, insurance, and maintenance included
- Multi‑tenant property with a pain specialist and chiropractic practice
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,414
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,280
$608.3K
Cap Rate 7%
$434,486
$434.5K
Cap Rate 9%
$337,933
$337.9K
Market Conditions
NOI Build-Up for 2,518 SF
Gross rent
$54.4K $21.60/SF
− Vacancy
−$3.7K −$1.47/SF
EGI
$50.7K $20.13/SF
− OpEx
−$20.3K −$8.05/SF
NOI
$30.4K $12.08/SF
Area
Washington County, AR
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,280
Cap Rate 7%
$434,486
Cap Rate 9%
$337,933
Alternative Uses
Best Use
Office B
$543.1K
$475.2K – $633.6K
NOI $38,018 @ 7.0% cap
Second Best
Healthcare Medical
$434.5K
$380.2K – $506.9K
NOI $30,414 @ 7.0% cap
Theoretical Best
Office A
$675.9K
$591.4K – $788.5K
NOI $47,311 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,597
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72703, AR
33,767
Population
17,202
Households
2
Avg Household Size
33
Median Age
49%
College-Educated
96%
High-School Grad
40.2 sq mi
ZIP Area
840
Density / Sq Mi
$60,232
Median Household Income
$39,190
Median Earnings
$958
Median Rent
$341,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare-oriented office suite in a multi-tenant medical setting with building expenses included.
Where is this medical office space located?
The property is located at 350 E Millsap Rd Fayetteville, AR.
What are key features of this property?
This property features: Move‑in‑ready medical office suite; Property taxes, insurance, and maintenance included; Multi‑tenant property with a pain specialist and chiropractic practice
