Renovated Medical Office
For Sale
$399,900
6531 Sheridan Road, Pine Bluff, AR 71602
The layout includes private rooms, a recovery room, reception area, and waiting room for clinical operations.
Property Size1,271 SF
Days on Market207
Property Features for 6531 Sheridan Road
General Information
Standard status
Active
Size
1,271 SF
Total Parking Spaces
15
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Building Size
1,271 SF
Year Built
1985
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Lunsford & Associates Realty Co.
(870) 489-8245
Listed By:
Hayley Harper Wreyford
(870) 489-8245
Source:
Jcthornton
Added: Feb 3
Changed: Aug 28
Last Checked: Aug 28 at 11:25AM
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 Lunsford & Associates Realty Co.
Investment Insights
Based on property information with market context.
This remodeled medical office property is currently configured as an oral surgery clinic. The interior includes 3 private rooms, a dedicated recovery room, reception area, and waiting room, creating a defined arrangement for patient care and administrative functions.
Built in 1985, the building is located at 6531 Sheridan Road in Pine Bluff, Arkansas. Its position on a heavily traveled street provides prominent exposure for the existing medical use or another compatible office application.
Built in 1985, the building is located at 6531 Sheridan Road in Pine Bluff, Arkansas. Its position on a heavily traveled street provides prominent exposure for the existing medical use or another compatible office application.
Key Highlights
- Remodeled medical office property currently operating as an oral surgery clinic
- 3 private rooms plus a dedicated recovery room
- Reception area and waiting room included
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
$17,108
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
4.28%
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%
$342,160
$342.2K
Cap Rate 7%
$244,400
$244.4K
Cap Rate 9%
$190,089
$190.1K
Market Conditions
NOI Build-Up for 1,271 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
$32.2K $25.32/SF
− Vacancy
−$3.7K −$2.89/SF
EGI
$28.5K $22.43/SF
− OpEx
−$11.4K −$8.97/SF
NOI
$17.1K $13.46/SF
Area
Jefferson County, AR
Vacancy
11.40%
Lease Rate
$25.32 /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%
$342,160
Cap Rate 7%
$244,400
Cap Rate 9%
$190,089
Alternative Uses
Best Use
Office B
$244.7K
$214.1K – $285.5K
NOI $17,128 @ 7.0% cap · market cap 4.28%
Second Best
Healthcare Medical
$244.4K
$213.9K – $285.1K
NOI $17,108 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$325.9K
$285.1K – $380.2K
NOI $22,810 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 71602, AR
16,112
Population
7,489
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
89%
High-School Grad
131.0 sq mi
ZIP Area
123
Density / Sq Mi
$54,936
Median Household Income
$35,644
Median Earnings
$900
Median Rent
$135,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The layout includes private rooms, a recovery room, reception area, and waiting room for clinical operations.
Where is this medical office space located?
The property is located at 6531 Sheridan Road Pine Bluff, AR.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Remodeled medical office property currently operating as an oral surgery clinic; 3 private rooms plus a dedicated recovery room; Reception area and waiting room included
