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Versatile Office Building with Parking

2802 W Main Street Russellville, AR 72801

Claim this Listing
For Sale
$645,000

SINGLE_FAMILY - Russellville, AR

Type:Office
Property size:
3,678 SF
Lot size:
0.36 Acres
Price / SF:
$175/SF
Added:
Aug 6, 2025
Days on Market:
341
Last Refresh:
Jul 12 at 6:06 am

Property Features for 2802 W Main Street

General Information

Property type
Residential
Property subtype
Office
Rooms
Basement
Parking features
Parking Lot
Security features
Security
Standard status
Active
APN
839-00006-000C
Size
3,678 SF
Lot size
0.36 Acres

Taxes and HOA fees

Tax Description
LOT 5 SO 10 FT OF LOT 4 BLK B CITY OF RUSSELLVILLE

Building Details

Year built
1970
Flooring type
Laminate, Tile, Simulatedwood, Carpet
Building materials
Brick, WoodSiding
Roof type
Shingle

Listing agent TABATHA DAVIS TEAM

Listing office LIVE. LOVE. ARKANSAS 2608 E Parkway Ave, Russellville, AR

Listing date Aug 6, 2025

MLS# 1316838

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.


Investment Insights

Based on property information with market context.

This for-sale office building is designed for flexible business use, with a main level that includes a welcoming open area suitable for a reception or waiting setup. The layout continues with a dedicated receptionist office, a small conference room, two private offices, and a kitchen area for staff use. Two full bathrooms are also located on the main floor.

A step-down addition provides a spacious private office and an open-concept office area, along with a half bath. Below that, there is a lower-level storage area described as not a full basement, and it includes an additional half bath that is not currently in use.

The property is located at 2802 W Main St in Russellville and is described as having convenient access and a good parking area sized for both staff and clients. For tenants or buyers looking for an office space that can support front-desk functions, private offices, and a team room within one building, the interior configuration and on-site parking support a practical range of professional uses.

Key Highlights

  • 2802 W Main St commercial property with office/business space and multiple private offices
  • Main level includes open reception/waiting area, receptionist office, conference room, kitchen area, and two full bathrooms
  • Addition offers a spacious private office, open‑concept office area, and a half bath

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 $46.3k $12.60
− Vacancy −$3.2k −$0.86
EGI $43.2k $11.74
− OpEx −$10.8k −$2.94
NOI $32.4k $8.81
3,678 SF · lease $12.60/SF/yr · vacancy 6.80% · expense 25.00%

Alternative Uses

Best Use
Office B
$462.8K
$404.9K – $539.9K (±1% cap)
NOI $32,394 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.6K
$514.2K – $685.6K (±1% cap)
NOI $41,135 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Pope County Title ... Title Company Carol Collins Law ... Law Firm Kelley & Collins Law Firm Allmon Mack Title Company

Suggested Use

Real Estate Agency Hair Salon Law Firm Big Box & Wholesale Store Electrical Service (Bike/Boat/Book/etc) Store Barber Shop Furniture & Home Goods Auto Parts Store Restaurant

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

FAQs

What type of property is this?
Office units - Office configuration with reception, multiple private rooms, and restrooms, plus dedicated parking for staff and clients.
Where is this office units located?
The property is located at 2802 W Main Street Russellville, AR.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 2802 W Main St commercial property with office/business space and multiple private offices; Main level includes open reception/waiting area, receptionist office, conference room, kitchen area, and two full bathrooms; Addition offers a spacious private office, open‑concept office area, and a half bath
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