2906 Market St, Pine Bluff, AR 71601
Outpatient medical facility leased to the Department of Veterans Affairs.
- Added:
- Mar 28, 2022
- Days on Market:
- 1563
- Last Refresh:
- Jul 5 at 12:05 pm
Property Features for 2906 Market St
General Information
- Standard status
- Active
- Size
- 9,900 SF
- Property subtype
- Office
Building Details
- Year Built
- 2020
Listing office Legacy Realty Group (870) 926-2357
Listing date Mar 28, 2022
Source Crexi
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 Legacy Realty Group
HighLights
- 100% leased to the Department of Veterans Affairs (VA)
- Guaranteed by the United States Government (GSA)
- Six (6) years remaining on a Ten (10) year lease
- Limited competition: Only VA clinic within 45 miles
- Built in 2020
- Located 40 minutes from Little Rock, Arkansas
Overview
Local Financial Insights For Office B
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 | $200.8k | $20.28 |
| − Vacancy | −$22.9k | −$2.31 |
| EGI | $177.9k | $17.97 |
| − OpEx | −$44.5k | −$4.49 |
| NOI | $133.4k | $13.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pine Bluff
- County
- Jefferson
- State
- Arkansas
- Longitude
- -91.969308
- Latitude
- 34.213829
