Medical Center with Surgery
New
For Sale
$4,650,000
65 Doctors Park, Cape Girardeau, MO 63703
Purpose-built clinical space includes dedicated exam, procedure, operating, recovery, and overnight care areas.
Property Size20,000 SF
Price / SF$232.50
Days on Market3
Property Features for 65 Doctors Park
General Information
Standard status
Active
Size
20,000 SF
Additional Details
Highway Access
Yes
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$51,105
Building Details
Year Built
2012
Buildings
1
Building Size
20,000 SF
Listed By:
Robert Ellsworth
(618) 664-1267
Source:
Wall-realestate.idxbroker
Added: Oct 30
Last Checked: Nov 1 at 2:22AM
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 Robert Ellsworth
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Investment Insights
Based on property information with market context.
Built in 2012, this 20,000-square-foot medical center is configured for clinical practice and outpatient surgery. The 12,500-square-foot medical section contains 12 exam rooms and a large procedure room, with capacity for 8+ physicians. A separate 7,500-square-foot surgery center includes two operating rooms, a large procedure room, seven preop beds, eight postop beds, and four overnight beds. The facility is equipped for full-scale sterilization and SPD.
The property sits in a medical and professional service subdivision less than one mile from three major hospitals. It also has 326 feet of frontage on I-55, with a reported daily traffic count of 30,000+.
The property sits in a medical and professional service subdivision less than one mile from three major hospitals. It also has 326 feet of frontage on I-55, with a reported daily traffic count of 30,000+.
Key Highlights
- 20,000‑square‑foot medical center built in 2012
- 12,500‑square‑foot medical section with 12 exam rooms; accommodates 8+ physicians
- 7,500‑square‑foot surgery center with 2 operating rooms and 1 procedure room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$274,164
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,483,280
$5.5M
Cap Rate 7%
$3,916,629
$3.9M
Cap Rate 9%
$3,046,267
$3.0M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$460.8K $23.04/SF
− Vacancy
−$95.2K −$4.76/SF
EGI
$365.6K $18.28/SF
− OpEx
−$91.4K −$4.57/SF
NOI
$274.2K $13.71/SF
Area
Cape Girardeau County, MO
Vacancy
20.67%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,483,280
Cap Rate 7%
$3,916,629
Cap Rate 9%
$3,046,267
Alternative Uses
Best Use
Office B
$3.92M
$3.43M – $4.57M
NOI $274,164 @ 7.0% cap · market cap 5.90%
Second Best
Healthcare Medical
$3.01M
$2.63M – $3.51M
NOI $210,420 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$6.31M
$5.52M – $7.36M
NOI $441,672 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,792
Businesses Nearby
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Business Placement
Demographics for 63703, MO
8,599
Population
4,182
Households
2.1
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
12.9 sq mi
ZIP Area
667
Density / Sq Mi
$36,909
Median Household Income
$28,121
Median Earnings
$843
Median Rent
$127,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical center - Purpose-built clinical space includes dedicated exam, procedure, operating, recovery, and overnight care areas.
Where is this medical center located?
The property is located at 65 Doctors Park Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: 20,000‑square‑foot medical center built in 2012; 12,500‑square‑foot medical section with 12 exam rooms; accommodates 8+ physicians; 7,500‑square‑foot surgery center with 2 operating rooms and 1 procedure room
