7200 Hazel StPine Bluff, AR 71603

Property Details for 7200 Hazel St

Year built

2000

Lot size

4.14 AC

Property size (Sq ft)

22,460 SF

Property type

Medical offices

Property subtype

Medical centers

APN

931-82513-002

APU

93182513002

Description

This exceptional Class A medical office building, located at 7200 S Hazel St in Pine Bluff, Arkansas, presents a compelling investment opportunity. The property boasts a substantial 24,050 square feet of space, situated on a generous 4.14-acre lot. Constructed in 2014, the building is currently configured as a multi-tenant facility operating under a triple net (NNN) lease structure. The property includes a fully operational surgical center, adding significant value to the investment. This offering represents a chance to acquire a well-established medical office asset with a strong net operating income (NOI). The asking price has been recently reduced, making this an even more attractive proposition. The property is being sold "as-is," and it is the responsibility of the buyer to verify all relevant details, including but not limited to square footage, acreage, utilities, taxes, zoning, permitting, condition, school zones, and any applicable Homeowners Associations (HOAs). Strategically located approximately 45 minutes from Little Rock, Arkansas, this property benefits from proximity to a major cultural, economic, and transportation hub in central Arkansas. This presents a unique opportunity for investors seeking a stable, high-performing medical office investment in a growing market. The zip code is 71603, and the property is in Jefferson County.

• CAP approach

  CAP return

  Valuation

  6%

  $3,655,455

  6.5%

  $3,374,266

  7%

  $3,133,247

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,606,564

  Geo Method

  $1,606,564

• Alternative Use

  Use

  Valuation

  Residential

  $4,184,090

  Hospitality

  $3,832,604

  Educational

  $3,188,682

  Medical

  $3,298,345

  Retail

  $4,960,171

Location Insight

City

Pine Bluff

County

Jefferson

State

Arkansas

Latitude

34.1514

Longitude

-92.0248

CBSA code

38220

CBSA name

PINE BLUFF, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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