Office Building with ADA
New
For Sale
$375,000
1202 Shipley St, Springdale, AR 72764
A single-level professional workspace offers dedicated parking, central heating and cooling, and a surveillance system.
Property Size1,528 SF
Lot Size0.21 Acres
Price / SF$245.42
Days on Market5
Property Features for 1202 Shipley St
General Information
Standard status
Active
Size
1,528 SF
Total Parking Spaces
4
Lot size
0.21 Acres
Property subtype
Commercial
Amenities
surveillance system
central heat and air
ADA-accessible entrance
Building Details
Buildings
1
Stories
1
Building Size
1,528 SF
Construction
brick
Owner Occupied
No
Listing Agency:
Synergy Realty Group, LLC
Listed By:
Brooke Hernandez
(479) 366-0149
Source:
District3
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 6:55AM
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 Synergy Realty Group, LLC
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Investment Insights
Based on property information with market context.
This 1,528-square-foot office building occupies a 0.21-acre parcel and provides a single-level layout. Originally a residence, the brick building has been converted for professional use. Interior finishes include carpet, tile, and wood laminate, with central heat and air. An ADA-accessible entrance, four dedicated parking spaces, a surveillance system, and an architectural shingle roof are among its features. The property is vacant and zoned commercial within Springdale city limits.
The office is in Springdale’s Central Business District, with paved trails and biking routes minutes away. The property fronts a route carrying approximately 25,000 vehicles daily.
The office is in Springdale’s Central Business District, with paved trails and biking routes minutes away. The property fronts a route carrying approximately 25,000 vehicles daily.
Key Highlights
- 1,528‑square‑foot brick office on a 0.21‑acre lot
- Single‑level layout with carpet, tile, and wood laminate flooring
- ADA‑accessible entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,070
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,400
$461.4K
Cap Rate 7%
$329,571
$329.6K
Cap Rate 9%
$256,333
$256.3K
Market Conditions
NOI Build-Up for 1,528 SF
Gross rent
$33.0K $21.60/SF
− Vacancy
−$2.2K −$1.47/SF
EGI
$30.8K $20.13/SF
− OpEx
−$7.7K −$5.03/SF
NOI
$23.1K $15.10/SF
Area
Washington County, AR
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,400
Cap Rate 7%
$329,571
Cap Rate 9%
$256,333
Alternative Uses
Best Use
Office B
$329.6K
$288.4K – $384.5K
NOI $23,070 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.1K
$358.9K – $478.5K
NOI $28,710 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A single-level professional workspace offers dedicated parking, central heating and cooling, and a surveillance system.
Where is this office building located?
The property is located at 1202 Shipley St Springdale, AR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,528‑square‑foot brick office on a 0.21‑acre lot; Single‑level layout with carpet, tile, and wood laminate flooring; ADA‑accessible entrance
