Renovated Medical Office
New
For Sale
$399,900
6531 Sheridan Road, Pine Bluff, AR 71602
Remodeled clinic layout includes private rooms, recovery space, reception, and a waiting area.
Property Size1,271 SF
Price / SF$314.63
Days on Market3
Property Features for 6531 Sheridan Road
General Information
Standard status
Active
Size
1,271 SF
Property subtype
Commercial / Industrial
Listing Agency:
Lunsford & Associates Realty Co.
(870) 247-2040
Listed By:
Hayley Harper Wreyford
(870) 489-8245
Source:
Heilesassociatesrealtors
Added: Sep 6
Last Checked: Sep 7 at 10:33AM
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 renovated 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 functional arrangement for continued clinical use.
Located at 6531 Sheridan Road in Pine Bluff, the property offers visibility along a busy local thoroughfare. Its existing medical layout and remodeled condition provide a defined office setting for healthcare operations.
Located at 6531 Sheridan Road in Pine Bluff, the property offers visibility along a busy local thoroughfare. Its existing medical layout and remodeled condition provide a defined office setting for healthcare operations.
Key Highlights
- Remodeled medical office property
- Currently configured as an oral surgery clinic
- 3 private rooms
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
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Remodeled clinic layout includes private rooms, recovery space, reception, and a waiting area.
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 configured as an oral surgery clinic; 3 private rooms
