1432 Braden StJacksonville, AR 72076
- Medical offices
- 9,009 SF
Property Details for 1432 Braden St
- Year built
- 1969
- Lot size
- 0.73 AC
- Property size (Sq ft)
- 9,009 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 22J-011-09-002-00
- APU
- 22J0110900200
Description
This exceptional 8,760 square foot medical office building in Jacksonville, Arkansas, presents a compelling investment opportunity. Located at 1432 Braden St, 72076, this single-story building boasts 100% occupancy with four credit-rated tenants under a modified lease structure, ensuring a stable income stream. The property generates a strong net operating income (NOI) of $82,000, translating to an attractive 7.45% capitalization rate. The asking price is $1,100,000. Features include ample parking (4.2 spaces per 1,000 sq ft), convenient stairwell access, and a top-rated anchor tenant. The building is situated adjacent to a local hospital, providing excellent visibility and accessibility. Rent bumps are included in the lease agreements, offering potential for future income growth. This stabilized investment is ideal for those seeking a secure and profitable addition to their portfolio. The property is for sale by owner. All tenants are credit rated, and the building is in Pulaski County.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,431,987
- 6.5%
- $1,321,834
- 7%
- $1,227,417
-
Comparable approach
- Method
- Valuation
- Relative Method
- $644,414
- Geo Method
- $644,414
-
Alternative Use
- Use
- Valuation
- Residential
- $1,639,074
- Hospitality
- $1,501,383
- Educational
- $1,249,133
- Medical
- $1,292,093
- Retail
- $1,943,096
Location Insight
- City
- Jacksonville
- County
- Pulaski
- State
- Arkansas
- Latitude
- 34.8728
- Longitude
- -92.1261
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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