Flex Space with Office and
42 Ranchette Conway, AR 72032
For Sale
$395,000
COMMERCIAL - Conway, AR
Property Size1,758 SF
Lot Size5.00 Acres
Price / SF$224.69
Days on Market48
Property Features for 42 Ranchette
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
100
Standard status
Active
Size
1,758 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Description
attached
Tax Annual Amount
779
Building Details
Year built
1976
Floors in Building
1
Listing Agency:
LPT Realty Conway
(501) 291-3841
Listed By:
Robin Jones
(501) 766-3418
Added: Jun 10
Changed: Jul 13
Last Checked: Jul 27 at 3:06PM
MLS# 26023276
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 flex-style commercial property in Conway, AR includes a large office area and ample parking to support on-site operations. The site is set up with room for vehicle, equipment, or fleet storage, and it is currently operating as a wrecker service. An additional structure on the property provides further renovation options for an expanded office, rental use, or a residential conversion.
The property is offered for sale with approximately five acres of usable land. Total building size is listed at 1,758 square feet, providing a practical footprint for office and operational needs alongside the outdoor storage and parking area.
The property is offered for sale with approximately five acres of usable land. Total building size is listed at 1,758 square feet, providing a practical footprint for office and operational needs alongside the outdoor storage and parking area.
Key Highlights
- 1976‑built commercial property in Conway with a large office space and ample parking
- Currently operating as a wrecker service, suitable for towing companies and related uses
- Approximately 5 acres of usable land for vehicle, equipment, or fleet storage
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 | $32.7k | $18.60 |
| − Vacancy | −$3.3k | −$1.88 |
| EGI | $29.4k | $16.72 |
| − OpEx | −$7.3k | −$4.18 |
| NOI | $22.0k | $12.54 |
1,758 SF · lease $18.60/SF/yr · vacancy 10.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$315.0K
$275.6K – $367.5K
NOI $22,047 @ 7.0% cap · market cap 5.58%
Second Best
Flex RnD
$152.5K
$133.5K – $177.9K
NOI $10,676 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$401.0K
$350.9K – $467.8K
NOI $28,069 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex-style property with a large office, ample parking, and room for vehicle, equipment, or fleet storage.
Where is this flex space located?
The property is located at 42 Ranchette Conway, AR.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1976‑built commercial property in Conway with a large office space and ample parking; Currently operating as a wrecker service, suitable for towing companies and related uses; Approximately 5 acres of usable land for vehicle, equipment, or fleet storage
