Medical Office with Expansion
For Sale
$968,600
9300 Brockington Rd, Sherwood, AR 72120
Existing medical office includes exam and triage rooms, lab space, dual entrances, and an unfinished upper level.
Property Size3,340 SF
Price / SF$290
Days on Market91
Property Features for 9300 Brockington Rd
General Information
Standard status
Active
Size
3,340 SF
Taxes and HOA fees
Annual Taxes
$6,994
Listing Agency:
Realty One Group Lock and Key
(501) 416-0488
Listed By:
Kristi Copeland
(501) 416-0488
Source:
Exprealty
Added: May 22
Changed: Aug 17
Last Checked: Aug 19 at 2:35PM
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 Realty One Group Lock and Key
Investment Insights
Based on property information with market context.
This 3,340 SF medical office occupies a 1.17-acre corner lot at 9300 Brockington Rd in Sherwood, Arkansas. The existing layout includes three exam rooms, two triage rooms, dedicated laboratory space, two restrooms, a kitchen area, and a front office with reception space. Dual entrances support separate access for patients, staff, or visitors.
The property provides 19 parking spaces and includes an unfinished upstairs area that can accommodate additional offices, storage, or a customized build-out. Additional acreage is available next door. The existing configuration is centered on physician-office use while retaining flexibility for professional office operations or future expansion.
The property provides 19 parking spaces and includes an unfinished upstairs area that can accommodate additional offices, storage, or a customized build-out. Additional acreage is available next door. The existing configuration is centered on physician-office use while retaining flexibility for professional office operations or future expansion.
Key Highlights
- 3,340 SF medical office on a 1.17‑acre corner lot
- Three exam rooms and two triage rooms
- Dedicated lab space, two restrooms, and kitchen area
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
$36,104
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
3.73%
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%
$722,080
$722.1K
Cap Rate 7%
$515,771
$515.8K
Cap Rate 9%
$401,156
$401.2K
Market Conditions
NOI Build-Up for 3,340 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
$66.9K $20.04/SF
− Vacancy
−$6.8K −$2.02/SF
EGI
$60.2K $18.02/SF
− OpEx
−$24.1K −$7.21/SF
NOI
$36.1K $10.81/SF
Area
Pulaski County, AR
Vacancy
10.10%
Lease Rate
$20.04 /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%
$722,080
Cap Rate 7%
$515,771
Cap Rate 9%
$401,156
Alternative Uses
Best Use
Healthcare Medical
$515.8K
$451.3K – $601.7K
NOI $36,104 @ 7.0% cap · market cap 3.73%
Second Best
Office B
$399.0K
$349.2K – $465.6K
NOI $27,933 @ 7.0% cap · market cap 2.88%
Theoretical Best
Specialty Retail
$637.1K
$557.5K – $743.3K
NOI $44,598 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
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 - Existing medical office includes exam and triage rooms, lab space, dual entrances, and an unfinished upper level.
Where is this medical office space located?
The property is located at 9300 Brockington Rd Sherwood, AR.
What is the asking price?
The asking price for this property is $968,600.
What are key features of this property?
This property features: 3,340 SF medical office on a 1.17‑acre corner lot; Three exam rooms and two triage rooms; Dedicated lab space, two restrooms, and kitchen area
