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    2611 E Heritage Parkway Farmington, AR 72730

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    Claim this Listing
    New
    For Sale
    $1,029,000

    SINGLE_FAMILY - Farmington, AR

    Type:Office
    Property size:
    4,162 SF
    Lot size:
    0.74 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 14 at 9:06 pm

    Property Features for 2611 E Heritage Parkway

    General Information

    Property type
    Residential
    Property subtype
    Office
    Appliances
    ElectricWaterHeater
    Standard status
    Active
    APN
    805-20331-200
    Size
    4,162 SF
    Lot size
    0.74 Acres

    Taxes and HOA fees

    Tax Description
    ANNEXED TO CITY OF PRAIRIE GROVE FOR 2006 & FOLLOWING YEARS PER ANNEXATION ORDINACE NO. 2006-15 PT W/2 SW 0.35 AC
    Tax Annual Amount
    7641

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2022
    Floors in Building
    1
    Number of units
    5
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Gleghorn Team

    Listing agent Gleghorn Team

    Listing office Keller Williams Market Pro Realty Branch Office 3105 NE 11th Street, Suite 5, Fayetteville, AR

    Listing date Apr 13, 2026

    MLS# 1342625

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Office Park Investment Opportunity

    This modern, newly constructed in 2022, 5-unit office park presents a turnkey investment opportunity. Designed for durability and ease of ownership, the property features low maintenance construction and is 100% leased, providing immediate and stable income. The property benefits from approximately 200 square feet of highway frontage, ensuring strong visibility and consistent traffic exposure. The site offers abundant on-site parking. Each unit is thoughtfully designed with functional layouts and kitchen/break areas. The property is located in Farmington, Arkansas, in Washington County. The building has a property size of 4162 square feet and is situated on a lot of 0.74 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Washington
    State
    Arkansas
    Longitude
    -94.2505
    Latitude
    36.0271

    Nearby Similar for Sale

    • $485,000
      2,857 SF

      Farmington Multi-Family Home with Apartment

      House with attached apartment suite, ideal for income or family.
      249 Wedgeview Drive, Farmington, AR 72730
      View Details
    • $449,000
      3,292 SF

      Spacious Brick Duplex in Farmington

      Spacious duplex with garages and fenced yards in Farmington, AR.
      75 & 81 W Dakota Trail, Farmington, AR 72730
      View Details

    FAQs

    What type of property is this?
    Office building - Newer construction office park, fully leased, stable income.
    Where is this office building located?
    The property is located at 2611 E Heritage Parkway Farmington, AR.
    What is the asking price?
    The asking price for this property is $1,029,000.
    What are key features of this property?
    This property features: Turnkey investment opportunity with immediate and stable income from 100% leased property.; Newly constructed in 2022, ensuring modern design and minimal maintenance.; Low maintenance construction designed for durability and ease of ownership.
    (479) 633-3077
    We can help!
    Listing Contact
    Gleghorn Team
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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