Brick Office Building with Accessible
New
For Sale
$375,000
1202 Shipley Street, Springdale, AR 72764
CommercialSale, Springdale, AR
Property Size1,528 SF
Lot Size0.21 Acres
Price / SF$245.42
Days on Market3
Property Features for 1202 Shipley Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking
4
Appliances
ElectricWaterHeater
Lot features
Central Business District, City Lot
Directions
From I-49, take exit 72 for US-12 toward Springdale. Head east on US-412. Continue straight onto W Sunset Ave. After crossing South Thompson and passing the 10 Box grocery store, turn right onto Shipley St. The property is the second building on the right.
Standard status
Active
APN
815-20851-000
Size
1,528 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
1-17-30
Tax Annual Amount
2075
Legal Description
1-17-30
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
ADA-accessible entrance
surveillance system
Building Details
Floors in Building
1
Number of units
1
Flooring type
Simulatedwood, Laminate, Tile, Carpet
Building materials
Brick
Roof type
Shingle
Listing Agency:
Limbird Real Estate Group
(855) 755-7653
Listed By:
The Limbird Team
(479) 372-6246
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 1:06PM
MLS# 1365101
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 1202 Shipley Street in Springdale, this 1,528-square-foot brick office occupies a single level and sits on a 0.209-acre lot. The building was originally a home and has since been adapted for professional use. Interior finishes include carpet, tile, laminate, and simulated wood flooring. Central heat and air, an ADA-accessible entrance, a surveillance system, and an architectural shingle roof are also in place. The property is vacant, with public water and sewer service.
The site is within Springdale’s Central Business District and city limits, with commercial zoning. Approximately 25,000 vehicles pass daily, and biking and paved trails are a short distance away. Four dedicated parking spaces serve the property.
The site is within Springdale’s Central Business District and city limits, with commercial zoning. Approximately 25,000 vehicles pass daily, and biking and paved trails are a short distance away. Four dedicated parking spaces serve the property.
Key Highlights
- 1,528‑square‑foot brick office on a 0.209‑acre lot
- Single‑level layout with an ADA‑accessible entrance
- Four dedicated parking spaces
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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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 - Central heating and cooling serve the one-level office, which is vacant and available for occupancy.
Where is this office building located?
The property is located at 1202 Shipley Street 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 0.209‑acre lot; Single‑level layout with an ADA‑accessible entrance; Four dedicated parking spaces
