Multi-Room Commercial Office
2845 W Prince Street Conway, AR 72034
2845 W Prince Street, Conway, AR, 72034
$350,000
For Sale
$350,000
SINGLE_FAMILY - Conway, AR
Property Size1,960 SF
Lot Size0.35 Acres
Price / SF$178.57
Days on Market370
Property Features for 2845 W Prince Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Parking Lot
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 710-07576-000
- Size
- 1,960 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Description
- LOT 2 WESTHAVEN SUB
- Tax Annual Amount
- 2348
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1967
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Brick, Rock, VinylSiding
- Roof type
- Shingle
Listing agency
All Around Real Estate Dover
(479) 331-4663
Listed by
Shery Ragsdale · License #SA00086850
(479) 857-3436
Added: Jul 18, 2025 Updated: Jul 16 at 4:45PM Checked: Jul 22 at 8:06AM
MLS# 1315109
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 versatile commercial building includes a welcoming main lobby and eight separate rooms, offering a flexible layout for a variety of office and service uses. The property has been updated with new HVAC installed in July 2025.
Located on a main street, the building is positioned for visibility and convenient access. It is described as minutes from downtown and with quick access to shopping, UCA, and Conway Regional Hospital.
Additional details noted with the listing include its size of 1,960 square feet and lot size of 0.3486 acres. Owner financing is listed as a possible option with 20% down and negotiated terms; interested parties should confirm specifics directly with the listing agent.
Located on a main street, the building is positioned for visibility and convenient access. It is described as minutes from downtown and with quick access to shopping, UCA, and Conway Regional Hospital.
Additional details noted with the listing include its size of 1,960 square feet and lot size of 0.3486 acres. Owner financing is listed as a possible option with 20% down and negotiated terms; interested parties should confirm specifics directly with the listing agent.
Key Highlights
- Versatile commercial building with a welcoming main lobby and 8 separate rooms
- New HVAC installed in July 2025
- Central heating and central air with natural gas heat
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 | $36.5k | $18.60 |
| − Vacancy | −$3.7k | −$1.88 |
| EGI | $32.8k | $16.72 |
| − OpEx | −$8.2k | −$4.18 |
| NOI | $24.6k | $12.54 |
1,960 SF · lease $18.60/SF/yr · vacancy 10.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$351.1K
$307.3K – $409.7K
NOI $24,580 @ 7.0% cap · market cap 7.02%
Second Best
Healthcare Medical
$236.6K
$207.1K – $276.1K
NOI $16,564 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$447.1K
$391.2K – $521.6K
NOI $31,294 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
West Prince Animal ...
Veterinary Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Commercial building with a main lobby and eight separate rooms, updated with new HVAC installed July 2025.
Where is this office building located?
The property is located at 2845 W Prince Street Conway, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Versatile commercial building with a welcoming main lobby and 8 separate rooms; New HVAC installed in July 2025; Central heating and central air with natural gas heat
