4300 Regions Park Dr Fort Smith, AR 72916-9373
- Medical offices
- 6,960 SF
- 0.96 lot acres
Current Use by Public Records
- Terry Lynn Clark, MD / Occupational Medical Physician
- Mercy Clinic Occupational Medicine-Regions Park / Medical Clinic
- Mercy Clinic Occupational Medicine - Regions Park / Medical Clinic
- Ian Thomas Cheyne, MD / Occupational Medical Physician
- Dr. Ian Cheyne / Family Practice Physician / Doctor
Property Details for 4300 Regions Park Dr
- Year built
- 2002
- Lot size
- 0.96 lot acres
- Property size
- 6,960 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 16461-0024-00000-00
- APU
- 1646100240000000
Description
Exceptional investment opportunity in Fort Smith, Arkansas, presents a single-tenant, 6,960 square foot Class B medical office building situated on a 0.96-acre lot. The property, located at 4300 Regions Park Drive, boasts a strong, multi-year lease with Mercy, a reputable healthcare provider, ensuring consistent cash flow. The current lease agreement extends until April 30, 2033, with a built-in five-year renewal option, providing long-term stability and predictable income. The building is a single-story structure with a permitted C-5 zoning classification. Priced at $1,600,000, this represents a compelling price per square foot of $229.89. The property's 100% occupancy rate and established tenant minimize vacancy risk and maximize return on investment. The property's location in Sebastian County, Arkansas, zip code 72916, offers convenient access to major transportation routes and a thriving medical community. This is an ideal investment for those seeking a stable, high-performing asset in the healthcare sector. The property's strong lease terms and established tenant make it a low-risk, high-reward opportunity. The asking price reflects the property's value and potential for future appreciation. This is a turnkey investment ready to generate immediate income. The APN is 16461-0024-00000-00.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,565,000
- 6.5%
- $1,480,000
- 7%
- $1,575,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,250,000
- Geo Method
- $1,650,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,665,000
- Retail
- $1,645,000
- Mixed-Use
- $1,725,000
- Hospitality
- $1,645,000
- Educational
- $1,590,000
- Residential Income
- $1,270,000
- Energy
- $1,770,000
- Income-Based Land
- $1,290,000
- Food Service
- $1,720,000
Location Insight
- Map
- Local Demand
- City
- Fort Smith
- County
- Sebastian
- State
- Arkansas
- Longitude
- -94.3864
- Latitude
- 35.3251
- CBSA code
- 22900
- CBSA name
- FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA
