Mixed-Use Property with Updated
For Sale
$1,375,000
1180 Collier Drive, Conway, AR 72032
Commercial / Industrial, Conway, AR
Property Size6,342 SF
Lot Size1.07 Acres
Price / SF$216.81
Days on Market211
Property Features for 1180 Collier Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
12
Directions
Take I-40 to Exit 127 (Oak St). Head west on Oak St, turn left on Museum Road and then turn left on Collier Dr. Continue south-1180 Collier Dr will be on your right.
Subdivision
CONWAY NORTHEAST
Standard status
Active
Size
6,342 SF
Lot size
1.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7251
Building Details
Year built
1996
Floors in Building
1
Listing Agency:
Moses Tucker Partners
(501) 376-6555
Listed By:
Clint Bailey · License #SA00073895
(501) 358-8280
Added: Mar 9
Changed: Oct 5
Last Checked: Oct 5 at 1:06PM
MLS# 26012200
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 mixed-use property contains approximately 6,342 square feet on 1.07 acres. Built in 1996, the building has new HVAC systems and an office renovated in 2024. Its configuration supports a mix of commercial functions without relying on a single stated use.
The site has approximately 304 feet of frontage along Collier Drive and Interstate 40. Conway Commons, a quick-service restaurant corridor, and auto dealerships are nearby, while MOIX RV borders the property.
The site has approximately 304 feet of frontage along Collier Drive and Interstate 40. Conway Commons, a quick-service restaurant corridor, and auto dealerships are nearby, while MOIX RV borders the property.
Key Highlights
- Approximately 6,342 SF building on 1.07 acres
- Approximately 304 feet of frontage along Collier Drive and Interstate 40
- Office renovated in 2024
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.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
682
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Recent HVAC upgrades and a 2024 office renovation provide updated building components.
Where is this mixed-use property located?
The property is located at 1180 Collier Drive 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: Approximately 6,342 SF building on 1.07 acres; Approximately 304 feet of frontage along Collier Drive and Interstate 40; Office renovated in 2024
