Building Details

Buildings 1

Building Size 3,162 SF

Listing Agency: Seiter & Wright Commercial Properties

Listed By: Jackson Mendenhall · License #AB00084436 Show Phone

Source: Moodyscre

Added: Oct 14 Changed: Oct 16 Last Checked: Oct 16 at 2:29PM

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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 Seiter & Wright Commercial Properties

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Investment Insights

Based on property information with market context.

The 3,162-square-foot medical office includes a reception area, secretary workspace, break room, eight exam rooms, storage rooms, and an x-ray room with lead-lined walls. The property is offered in as-is condition via special warranty deed.

The building has approximately 97 feet of frontage on Rogers Avenue and ample parking. Nearby businesses include Rainwater’s Men’s Clothing, Del Sol Mexican Grill, O’Reilly Auto Parts, Eastside Animal Health Center, and Marie’s Lock & Safe.

Key Highlights

• 3,162 square feet of medical office space
• Eight exam rooms, plus reception and secretary areas
• X‑ray room with lead‑lined walls

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,588

Cap Rate

7.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$631,760 $631.8K

Cap Rate 7%

$451,257 $451.3K

Cap Rate 9%

$350,978 $351.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,162 SF

Gross rent

$45.5K $14.40/SF

− Vacancy

−$3.4K −$1.08/SF

EGI

$42.1K $13.32/SF

− OpEx

−$10.5K −$3.33/SF

NOI

$31.6K $9.99/SF

Area

Sebastian County, AR

Vacancy

7.50%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$631,760

Cap Rate 7%

$451,257

Cap Rate 9%

$350,978

Alternative Uses

Best Use

Healthcare Medical

$672.7K

$588.7K – $784.9K (±1% cap)

NOI $47,092 @ 7.0% cap · market cap 11.35%

Second Best

Office B

$451.3K

$394.9K – $526.5K (±1% cap)

NOI $31,588 @ 7.0% cap · market cap 7.61%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Dr. Robert E. ... Physician Family Medical Clinic Medical Clinic Fort Neuro Physician Timothy Maryanov, MD Physician Dr. Gary Edwards Pediatrician

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Spa & Massage Center Hair Salon Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

152

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72903, AR

25,225

Population

12,079

Households

2.1

Avg Household Size

41

Median Age

33%

College-Educated

91%

High-School Grad

16.2 sq mi

ZIP Area

1,557

Density / Sq Mi

$60,186

Median Household Income

$36,560

Median Earnings

$804

Median Rent

$216,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Similar Off Market Nearby

• Lynch L M DVM — 9600 Rogers Ave, Fort Smith, AR 72903
• Eastside Animal Health Center — 9600 Rogers Ave, Fort Smith, AR 72903
• France L C DVM — 9600 rogers ave, fort smith, ar 72903
• All Animal Health Center — 8905 Rogers Ave, Fort Smith, AR 72903
• All Animal Health Center: Barnett Amanda DVM — 8905 Rogers Ave, Fort Smith, AR 72903

Frequently Asked Questions

What type of property is this?

Medical Office Space - The clinical layout includes eight exam rooms, a reception area, and a lead-lined x-ray room.

Where is this medical office space located?

The property is located at 9616 Rogers Ave Fort Smith, AR.

What is the asking price?

The asking price for this property is $415,000.

What are key features of this property?

This property features: 3,162 square feet of medical office space; Eight exam rooms, plus reception and secretary areas; X‑ray room with lead‑lined walls