4300 Regions Park DrFort Smith, AR 72916

Property Details for 4300 Regions Park Dr

Year built

2002

Lot size

0.96 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $606,716

  6.5%

  $560,046

  7%

  $520,042

• Comparable approach

  Method

  Valuation

  Relative Method

  $497,849

  Geo Method

  $497,849

• Alternative Use

  Use

  Valuation

  Residential

  $694,456

  Hospitality

  $636,118

  Educational

  $529,243

  Medical

  $547,444

  Retail

  $823,267

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.3251

Longitude

-94.3864

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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