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    1507 Race Ave Searcy, AR 72143

    Sponsored
    For Sale
    Contact for pricing

    Prime Searcy location, move-in ready offices

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,000 square foot multi-tenant office building presents a compelling value-add investment opportunity in Searcy, Arkansas. Currently 66% occupied, the property features 3,450 square feet of immediately available space, complemented by existing leases with established tenants, including State Farm and Restore Hope. The building boasts 14 private offices, a spacious reception and waiting area, ample storage including a dedicated server/file room, and convenient on-site parking. Its prime location on East Race Avenue offers excellent visibility and accessibility, situated near Harding University, downtown Searcy, and numerous restaurants and businesses. The flexible layout allows for customization to suit various business needs, making it ideal for both established companies seeking expansion and new ventures seeking a well-appointed space. This triple-net (NNN) leased property offers a strong potential for increased occupancy and rental income, representing a significant opportunity for investors seeking a stable and growing asset in a thriving Arkansas community. The property's versatile design, coupled with its strategic location, makes it an attractive option for a wide range of businesses, from medical practices to traditional offices and counseling services. This is a rare chance to acquire a well-maintained, high-traffic office building in a desirable area of Searcy.

    Property Features for 1507 Race Ave

    General Information

    Property type
    Medical offices
    Square Feet
    10,000 SF

    HighLights

    • 10,000 square foot multi‑tenant office building for sale or lease in Searcy, AR.
    • The property is a value‑add investment opportunity with a NNN lease structure.
    • Currently 66% occupied, with existing tenants including State Farm and Restore Hope.
    • Features 14 private offices, shared office space, a large reception area, ample storage, and on‑site parking.
    • Located in a prime Searcy location near Harding University, offering excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Re/Max Advantage: Laws ... Real Estate Agency ATM (Regions Bank) Atm Families Inc Family Counselor Leah Norton Social Worker Brian Mcglenn Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Searcy
    County
    White
    State
    Arkansas
    Longitude
    -91.720590392079
    Latitude
    35.250634478915

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    FAQs

    What type of property is this?
    Medical office - Prime Searcy location, move-in ready offices
    Where is this medical office located?
    The property is located at 1507 Race Ave Searcy, AR.
    What are key features of this property?
    This property features: 10,000 square foot multi-tenant office building for sale or lease in Searcy, AR.; The property is a value-add investment opportunity with a NNN lease structure.; Currently 66% occupied, with existing tenants including State Farm and Restore Hope.
    Request Owner's contact information
    1507 Race Ave Searcy, AR 72143
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    Searcy, AR 72143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1507 Race Ave Searcy, AR 72143
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