Medical Office Building with
711 Albert Pike Road Hot Springs, AR 71913
711 Albert Pike Road, Hot Springs, AR, 71913
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For Sale
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Former chiropractic clinic features five private treatment rooms, separate entry/exit, and a fully finished basement with fenced yard.
Property Size1,680 SF
Price / SF$223.21
Days on Market89
Property Features for 711 Albert Pike Road
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1945
Listing agency
ESQ. Realty Group
(501) 609-6493
Listed by
Beau Durbin · License #PB00055248
Source
Crexi
Added: Apr 24 Updated: Jul 20 at 5:51PM Checked: Jul 21 at 12:16PM
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 ESQ. Realty Group
Investment Insights
Based on property information with market context.
This former chiropractic clinic is well suited for medical office and service uses, with a functional interior layout that includes a large reception/lobby area, five private treatment and exam rooms, and a bathroom. The space also provides a kitchen/break area, a separate shower, and a dedicated entry and exit for convenient client and staff access. A full basement extends under the entire building and can support storage, workspace, or future expansion. Outside, the property includes a fully fenced yard and 12 on-site parking spaces.
The building is located on Albert Pike Road in Hot Springs in a high-traffic commercial corridor with approximately 23,000 vehicles per day, supporting strong visibility and straightforward access.
With its existing room count, on-site parking, and basement footprint, the property offers a practical foundation for an owner-occupant or an investor looking for a flexible commercial building in an active retail/service area.
The building is located on Albert Pike Road in Hot Springs in a high-traffic commercial corridor with approximately 23,000 vehicles per day, supporting strong visibility and straightforward access.
With its existing room count, on-site parking, and basement footprint, the property offers a practical foundation for an owner-occupant or an investor looking for a flexible commercial building in an active retail/service area.
Key Highlights
- Former chiropractic clinic on Albert Pike Road in Hot Springs with approx. 23,000 vehicles per day.
- Functional layout with large reception/lobby, 5 private treatment/exam rooms, bathroom, and kitchen/break area.
- Separate entry and exit for convenient client and staff access.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $17.40 |
| − Vacancy | −$2.2k | −$1.31 |
| EGI | $27.0k | $16.10 |
| − OpEx | −$10.8k | −$6.44 |
| NOI | $16.2k | $9.66 |
1,680 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$231.8K
$202.8K – $270.4K
NOI $16,224 @ 7.0% cap · market cap 4.33%
Second Best
Office B
$230.4K
$201.6K – $268.8K
NOI $16,130 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$307.2K
$268.8K – $358.5K
NOI $21,507 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Justin Sutter
Alternative Medicine Practice
Dr. Brian Reilly
Alternative Medicine Practice
Dana Grenman
Alternative Medicine Practice
Family Care Chiropractic ...
Alternative Medicine Practice
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FAQs
What type of property is this?
Medical Office Space - Former chiropractic clinic features five private treatment rooms, separate entry/exit, and a fully finished basement with fenced yard.
Where is this medical office space located?
The property is located at 711 Albert Pike Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Former chiropractic clinic on Albert Pike Road in Hot Springs with approx. 23,000 vehicles per day.; Functional layout with large reception/lobby, 5 private treatment/exam rooms, bathroom, and kitchen/break area.; Separate entry and exit for convenient client and staff access.
