Fenced Seven-Office
For Sale
$365,000
1009 S Redmond Rd, Jacksonville, AR 72076
2018 office property with controlled parking, security equipment, and a practical layout for professional operations.
Property Size2,288 SF
Price / SF$159.53
Days on Market12
Property Features for 1009 S Redmond Rd
General Information
Standard status
Active
Size
2,288 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
outside storage
fully fenced parking area with automated gate
modern alarm system
security cameras
Building Details
Year Built
2018
Buildings
1
Listing Agency:
Fathom Realty Central
(501) 941-8830
Listed By:
Miekka Maile
Source:
Pcsingtolittlerock
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 31 at 6:32PM
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 Central
Investment Insights
Based on property information with market context.
Built in 2018, this office building is arranged around seven private offices, a conference room, reception area, copy and utility room, kitchen, and two bathrooms. The property also includes outside storage and a parking area enclosed by fencing with an automated gate. An alarm system and security cameras add to the building’s existing security features.
The property is located at 1009 S Redmond Rd in Jacksonville, approximately one-half mile from I-57 along a busy commuter route. On-site parking accommodates 10+ vehicles, providing convenient access for staff and visitors. The combination of private work areas, shared support spaces, controlled parking, and storage creates a functional office setting for an established business.
The property is located at 1009 S Redmond Rd in Jacksonville, approximately one-half mile from I-57 along a busy commuter route. On-site parking accommodates 10+ vehicles, providing convenient access for staff and visitors. The combination of private work areas, shared support spaces, controlled parking, and storage creates a functional office setting for an established business.
Key Highlights
- Seven private offices plus conference, reception, kitchen, copy/utility, and bathroom areas
- Built in 2018
- Parking for 10+ vehicles
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
Lease Details
Yes
Highway access
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Office building - 2018 office property with controlled parking, security equipment, and a practical layout for professional operations.
Where is this office building located?
The property is located at 1009 S Redmond Rd 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: Seven private offices plus conference, reception, kitchen, copy/utility, and bathroom areas; Built in 2018; Parking for 10+ vehicles
