Multi-Tenant Office
208 E Kiehl Sherwood, AR 72120
208 E Kiehl, Sherwood, AR, 72120
$2,700,000
For Sale
$2,700,000
COMMERCIAL - Sherwood, AR
Property Size15,489 SF
Lot Size1.32 Acres
Price / SF$174.32
Days on Market47
Property Features for 208 E Kiehl
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 62
- Interior features
- Handicapped Design
- Exterior features
- Pole Sign, Wheelchair Accessible
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 15,489 SF
- Lot size
- 1.32 Acres
Taxes and HOA fees
- Tax Description
- 5R-6R/24
- Tax Annual Amount
- 12304
Building Details
- Year built
- 1990
- Floors in Building
- 1
- Flooring type
- Tile, Carpet - Full
- Architectural style
- Other
Listing Agency
IRealty Arkansas - Sherwood
(501) 392-6298
208 E Kiehl, Suite 6, Sherwood, AR
Listed by
Kristen Kennon
(501) 837-4391
Added: Jun 3 Checked: Jul 19 at 7:06 am
MLS# 26022339
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-tenant office building totals 15,489 square feet on 1.82 acres, including a half-acre outparcel. The property is currently occupied by two tenants, with approximately two-thirds of the building leased together and the remaining one-third offered as individual office leases. One tenant has about 5,000 square feet remaining with one year left on its lease, with an option for the owner to occupy that space.
The building is positioned in the heart of Sherwood with excellent visibility. Public remarks cite over 16,000 VPD on Kiehl and 28,000 VPD on Hwy 107/JFK, supporting day-to-day exposure for business tenants.
Monthly rent is reported at $26,000, and monthly expenses are listed at $6,000.
The building is positioned in the heart of Sherwood with excellent visibility. Public remarks cite over 16,000 VPD on Kiehl and 28,000 VPD on Hwy 107/JFK, supporting day-to-day exposure for business tenants.
Monthly rent is reported at $26,000, and monthly expenses are listed at $6,000.
Key Highlights
- Multi‑tenant commercial building in Sherwood with 15,489 SF on 1.82 acres (including 1/2‑acre outparcel)
- Significantly trafficked frontage: 16,000+ VPD on Kiehl and 28,000+ VPD on Hwy 107/JFK
- Tenant mix: 2 tenants occupy 2/3 of the building plus 1/3 with individual office leases
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.2k | $12.60 |
| − Vacancy | −$22.4k | −$1.45 |
| EGI | $172.7k | $11.15 |
| − OpEx | −$43.2k | −$2.79 |
| NOI | $129.5k | $8.36 |
15,489 SF · lease $12.60/SF/yr · vacancy 11.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,538 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.95M
$2.59M – $3.45M
NOI $206,818 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
iRealty Arkansas - Sherwood
Real Estate Agency
Misty Snyder, iRealty ...
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Tia Goins, iRealty ...
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Chrissy Adams, IRealty ...
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Trisha Freeney - iRealty ...
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FAQs
What type of property is this?
Office building - Office building on 1.82 acres with multiple leases and strong traffic counts along Kiehl and Hwy 107/JFK.
Where is this office building located?
The property is located at 208 E Kiehl Sherwood, AR.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Multi‑tenant commercial building in Sherwood with 15,489 SF on 1.82 acres (including 1/2‑acre outparcel); Significantly trafficked frontage: 16,000+ VPD on Kiehl and 28,000+ VPD on Hwy 107/JFK; Tenant mix: 2 tenants occupy 2/3 of the building plus 1/3 with individual office leases
