Secure Office Building with
For Sale
Under Contract
$365,000
1009 S Redmond Road, Jacksonville, AR 72076
Commercial / Industrial, Jacksonville, AR
Property Size2,288 SF
Lot Size0.56 Acres
Price / SF$159.53
Days on Market141
Property Features for 1009 S Redmond Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Office, Multi-Purpose, Mixed Use Commercial
Parking
10
Security features
Security, Security System
Interior features
Public Restrooms, Smoke Detector, Kitchen Area, Video Surveillance, Security System
Exterior features
Partially Fenced, Outside Storage Area, Guttering, Landscaping, Video Surveillance, Security
Fencing
Partial
Subdivision
Metropolitan Commercial Estate
Lot features
Level, Corner Lot, Cleared, Flood Insurance Required
Directions
Coming from I-57 (Old 67/167), use Exit 8 for Redmond Road. Turn east on S Redmond and go a half mile. Turn R on Highland and immediately L at the fence opening. If you get to James St, you have gone too far. Brown picket fence to the front.
Standard status
Active Under Contract
Size
2,288 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 16, Block 0
Tax Annual Amount
2495
Legal Description
Lot 16, Block 0
Amenities
outside storage
automated gate
alarm system
security cameras
Building Details
Year built
2018
Floors in Building
1
Flooring type
Tile
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Fathom Realty Central
(888) 455-6040
Listed By:
Miekka Maile
(501) 941-8830
Added: Apr 25
Changed: Sep 12
Last Checked: Sep 12 at 3:06PM
MLS# 26016599
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 2,288-square-foot office building, constructed in 2018, is arranged for professional operations with seven private offices, a conference room, reception area, copy and utility room, kitchen, and two bathrooms. Tile flooring, smoke detectors, a modern alarm system, video surveillance, and security features are in place. The property sits on 0.56 acres and includes outside storage, landscaping, and a partially fenced parking area with an automated gate.
Located in Jacksonville, the building is approximately one-half mile from I-57 along a busy commuter route. On-site parking accommodates 10+ vehicles, providing practical access for staff and visitors. The combination of dedicated office areas, controlled site access, and supporting amenities creates a functional setting for an office user.
Located in Jacksonville, the building is approximately one-half mile from I-57 along a busy commuter route. On-site parking accommodates 10+ vehicles, providing practical access for staff and visitors. The combination of dedicated office areas, controlled site access, and supporting amenities creates a functional setting for an office user.
Key Highlights
- 2,288‑square‑foot office building constructed in 2018
- Seven private offices plus conference room, reception area, kitchen, and two bathrooms
- 0.56‑acre property with 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
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Open Analytics
Current Use
Lease Details
Yes
Highway 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - 2018 construction includes private offices, conference space, kitchen, and controlled access.
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: 2,288‑square‑foot office building constructed in 2018; Seven private offices plus conference room, reception area, kitchen, and two bathrooms; 0.56‑acre property with parking for 10+ vehicles
