Renovated Office
For Sale
$10,500,000
Pending
519 Latham Drive, Lowell, AR 72745
SINGLE_FAMILY - Lowell, AR
Property Size40,000 SF
Lot Size4.89 Acres
Days on Market243
Property Features for 519 Latham Drive
General Information
Property type
Residential
Property subtype
Office
Directions
Located at the intersection of Latham Drive and S Dixieland St in Lowell, AR
Standard status
Pending
APN
12-02018-000
Size
40,000 SF
Lot size
4.89 Acres
Taxes and HOA fees
Tax Description
see tax card
Legal Description
see tax card
Building Details
Year built
2006
Listing Agency:
Colliers International - Branch Office
(479) 636-9000
Listed By:
Katie Hampton · License #SA00065190
(479) 636-9000
Added: Dec 12, 2025
Changed: Jun 23
Last Checked: Aug 12 at 11:06AM
MLS# 1330580
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.
The property at 519 Latham Drive is a 40,000-square-foot office building on approximately 5 acres. Constructed in 2006, the interior was recently renovated in 2023. The overall configuration is suited to institutional-style office use within a dedicated building rather than a multi-tenant arrangement.
519 Latham Drive is centrally located in Lowell, Arkansas, within Northwest Arkansas. The remarks characterize the surrounding Lowell submarket as heavily trafficked and note proximity to the J.B. Hunt Transport corporate headquarters, along with dense multifamily and residential neighborhoods. Lowell has historically served as a home market for J.B. Hunt Transport, with the area also positioned near major employers and suppliers including Walmart Home Office and Tyson Foods. The surrounding development outlook described in the remarks includes planned improvements and new projects such as the future Springdale Northern Bypass, J.B. Hunt Transport expansion, and Pure Lowell Apartments, plus additional national retail brands.
For buyers seeking an owner-occupied or income-oriented office asset, the combination of a dedicated office building, a 2023 interior renovation, and a Northwest Arkansas location anchored by established employers supports a broad range of professional office users and operations.
519 Latham Drive is centrally located in Lowell, Arkansas, within Northwest Arkansas. The remarks characterize the surrounding Lowell submarket as heavily trafficked and note proximity to the J.B. Hunt Transport corporate headquarters, along with dense multifamily and residential neighborhoods. Lowell has historically served as a home market for J.B. Hunt Transport, with the area also positioned near major employers and suppliers including Walmart Home Office and Tyson Foods. The surrounding development outlook described in the remarks includes planned improvements and new projects such as the future Springdale Northern Bypass, J.B. Hunt Transport expansion, and Pure Lowell Apartments, plus additional national retail brands.
For buyers seeking an owner-occupied or income-oriented office asset, the combination of a dedicated office building, a 2023 interior renovation, and a Northwest Arkansas location anchored by established employers supports a broad range of professional office users and operations.
Key Highlights
- Centrally located in Northwest Arkansas's heavily trafficked Lowell submarket.
- Located on +/- 4.98 acres with a 40,000 square foot building.
- Recently renovated interior (2023).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$620,712
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,414,240
$12.4M
Cap Rate 7%
$8,867,314
$8.9M
Cap Rate 9%
$6,896,800
$6.9M
Market Conditions
NOI Build-Up for 40,000 SF
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.
Gross rent
$888.0K $22.20/SF
− Vacancy
−$60.4K −$1.51/SF
EGI
$827.6K $20.69/SF
− OpEx
−$206.9K −$5.17/SF
NOI
$620.7K $15.52/SF
Area
Benton County, AR
Vacancy
6.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,414,240
Cap Rate 7%
$8,867,314
Cap Rate 9%
$6,896,800
Alternative Uses
Best Use
Office B
$8.87M
$7.76M – $10.35M
NOI $620,712 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.99M
$9.62M – $12.82M
NOI $769,459 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
Demographics for 72745, AR
13,371
Population
5,324
Households
2.5
Avg Household Size
35
Median Age
26%
College-Educated
85%
High-School Grad
31.8 sq mi
ZIP Area
420
Density / Sq Mi
$88,958
Median Household Income
$49,144
Median Earnings
$1,119
Median Rent
$255,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Built in 2006 and renovated in 2023, this sizable office building offers flexible space on several acres.
Where is this office building located?
The property is located at 519 Latham Drive Lowell, AR.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Centrally located in Northwest Arkansas's heavily trafficked Lowell submarket.; Located on +/- 4.98 acres with a 40,000 square foot building.; Recently renovated interior (2023).
