Retail-Office Building with I-40
For Sale
$1,375,000
1180 Collier Dr, Conway, AR 72032
Standalone retail/office building on Collier Drive with about 304 feet of frontage and Interstate 40 visibility.
Property Size6,342 SF
Lot Size1.07 Acres
Price / SF$216.81
Days on Market95
Property Features for 1180 Collier Dr
General Information
Standard status
Active
Size
6,342 SF
Lot size
1.07 Acres
Zoning
C-3
Lease Type
NNN
Site & Location
Traffic Count
47,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1996
Year Renovated
2024
Listing Agency:
Moses Tucker Partners
Listed By:
Clint Bailey · License #SA00073895
(501) 358-8280
Source:
Pcsingtolittlerock
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 7 at 2:54PM
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 Moses Tucker Partners
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Investment Insights
Based on property information with market context.
This retail/office property offers a flexible commercial layout within a retail-office building built in 1996, situated on approximately 1.07 acres. Recent improvements include replacement of HVAC systems and a full office renovation completed in 2024.
The building is positioned on Collier Drive with approximately 304 feet of frontage and unobstructed visibility. It also benefits from Interstate 40 exposure, where traffic counts are listed at about 47,000 VPD.
The property is located in an Opportunity Zone and falls under C-3 zoning. It is described as being near Conway Commons Shopping Center and a QSR corridor, with surrounding auto users and MOIX RV referenced nearby.
The building is positioned on Collier Drive with approximately 304 feet of frontage and unobstructed visibility. It also benefits from Interstate 40 exposure, where traffic counts are listed at about 47,000 VPD.
The property is located in an Opportunity Zone and falls under C-3 zoning. It is described as being near Conway Commons Shopping Center and a QSR corridor, with surrounding auto users and MOIX RV referenced nearby.
Key Highlights
- Standalone 6,342 SF retail/office building on ~1.07 acres at 1180 Collier Dr, Conway, AR 72032
- ~304 ft of frontage and visibility along Collier Dr with Interstate 40 exposure; I‑40 traffic count listed as 47,000 VPD
- Zoned C‑3 with ~304 ft frontage on Collier Drive and ~304 ft frontage on Interstate 40
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,535
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,590,700
$1.6M
Cap Rate 7%
$1,136,214
$1.1M
Cap Rate 9%
$883,722
$883.7K
Market Conditions
NOI Build-Up for 6,342 SF
Gross rent
$118.0K $18.60/SF
− Vacancy
−$11.9K −$1.88/SF
EGI
$106.0K $16.72/SF
− OpEx
−$26.5K −$4.18/SF
NOI
$79.5K $12.54/SF
Area
Faulkner County, AR
Vacancy
10.10%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,590,700
Cap Rate 7%
$1,136,214
Cap Rate 9%
$883,722
Alternative Uses
Best Use
Office B
$1.14M
$994.2K – $1.33M
NOI $79,535 @ 7.0% cap · market cap 5.78%
Second Best
Retail
$893.3K
$781.6K – $1.04M
NOI $62,529 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,258 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
47,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Explore this area
Business Placement
Demographics for 72032, AR
34,316
Population
14,255
Households
2.4
Avg Household Size
35
Median Age
27%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
300
Density / Sq Mi
$61,452
Median Household Income
$36,877
Median Earnings
$976
Median Rent
$183,200
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
Frequently Asked Questions
What type of property is this?
Office building - Standalone retail/office building on Collier Drive with about 304 feet of frontage and Interstate 40 visibility.
Where is this office building located?
The property is located at 1180 Collier Dr Conway, AR.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Standalone 6,342 SF retail/office building on ~1.07 acres at 1180 Collier Dr, Conway, AR 72032; ~304 ft of frontage and visibility along Collier Dr with Interstate 40 exposure; I‑40 traffic count listed as 47,000 VPD; Zoned C‑3 with ~304 ft frontage on Collier Drive and ~304 ft frontage on Interstate 40
