Well-Maintained Office Building For
For Sale
Contact for pricing
1009 S Redmond Road, Jacksonville, AR 72076
Move-in-ready office building with security features and ample parking.
Property Size2,288 SF
Price / SF$159.53
Days on Market152
Property Features for 1009 S Redmond Road
General Information
Standard status
Active
Size
2,288 SF
Class
B
Property subtype
Office
Zoning
C-4
Building Details
Year Built
2018
Buildings
1
Stories
1
Listing Agency:
Fathom Realty LLC
Listed By:
Miekka Maile · License #AR
Source:
Crexi
Added: Mar 22
Changed: Aug 8
Last Checked: Aug 19 at 10:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fathom Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained office building features seven private offices, a conference room, a reception area, a copy/utility room, and a kitchen. It also includes two bathrooms. The property provides ample parking space for more than 10 vehicles and offers outside storage. The parking area is fully fenced and equipped with an automated gate for enhanced security. A modern alarm system and security cameras are installed. The building is suitable for a professional business seeking a secure and move-in-ready workspace. The property is located approximately half a mile from I-57 on a busy commuter route.
Key Highlights
- Move‑in‑ready office building featuring seven private offices, conference room, reception area, kitchen, and two bathrooms.
- Excellent location: half mile off I‑57 on a busy commuter route.
- Ample parking for 10+ vehicles with fully fenced parking area and automated gate.
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
$19,135
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
5.24%
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%
$382,700
$382.7K
Cap Rate 7%
$273,357
$273.4K
Cap Rate 9%
$212,611
$212.6K
Market Conditions
NOI Build-Up for 2,288 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
$28.8K $12.60/SF
− Vacancy
−$3.3K −$1.45/SF
EGI
$25.5K $11.15/SF
− OpEx
−$6.4K −$2.79/SF
NOI
$19.1K $8.36/SF
Area
Pulaski County, AR
Vacancy
11.50%
Lease Rate
$12.60 /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%
$382,700
Cap Rate 7%
$273,357
Cap Rate 9%
$212,611
Alternative Uses
Best Use
Office B
$273.4K
$239.2K – $318.9K
NOI $19,135 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$436.4K
$381.9K – $509.2K
NOI $30,551 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 72076, AR
38,443
Population
17,780
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
529
Density / Sq Mi
$53,048
Median Household Income
$36,189
Median Earnings
$917
Median Rent
$155,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Move-in-ready office building with security features and ample parking.
Where is this office building located?
The property is located at 1009 S Redmond Road Jacksonville, AR.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Move‑in‑ready office building featuring seven private offices, conference room, reception area, kitchen, and two bathrooms.; Excellent location: half mile off I‑57 on a busy commuter route.; Ample parking for 10+ vehicles with fully fenced parking area and automated gate.
