Office Unit with Upstairs
For Sale
$215,000
1214 Clifton St, Conway, AR 72034
ADA-compliant office layout with adaptable interior walls and additional heated and cooled space.
Property Size1,712 SF
Price / SF$125.58
Days on Market114
Property Features for 1214 Clifton St
General Information
Standard status
Active
Size
1,712 SF
Taxes and HOA fees
Annual Taxes
$1,789
Amenities
security system
wired phone system
ADA compliant
original salon plumbing
separate locks
storage building
Building Details
Year Built
1983
Buildings
2
Stories
2
Tenancy
Single
Abandoned
No
Listing Agency:
Exp Realty
(866) 720-5056
Listed By:
Annie Hogue
(501) 246-0767
Source:
Exprealty
Added: Jun 18
Changed: Oct 3
Last Checked: Oct 7 at 2:23PM
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 Exp Realty
Investment Insights
Based on property information with market context.
This office unit provides 896 sq ft of ground-floor space arranged as three rooms with a waiting area. Most interior walls are non-load-bearing, allowing the current configuration to be modified. The property is ADA compliant and includes a wired phone system, separate locks on all doors, and an existing security system that needs a monitor. Utilities are electric.
An additional 544 sq. ft. upstairs area is heated and cooled and was recently repainted. Original salon plumbing remains along the rear wall, and a 10'X16' storage building at the back can convey with the property. Built in 1983, the space offers an existing office setup with supplemental conditioned area and storage.
An additional 544 sq. ft. upstairs area is heated and cooled and was recently repainted. Original salon plumbing remains along the rear wall, and a 10'X16' storage building at the back can convey with the property. Built in 1983, the space offers an existing office setup with supplemental conditioned area and storage.
Key Highlights
- 896 sq ft office area with three rooms and a waiting area
- 544 sq. ft. upstairs heated and cooled space, recently repainted
- Most interior walls are non‑load‑bearing for layout flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,879
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,580
$337.6K
Cap Rate 7%
$241,129
$241.1K
Cap Rate 9%
$187,544
$187.5K
Market Conditions
NOI Build-Up for 1,712 SF
Gross rent
$25.7K $15.00/SF
− Vacancy
−$1.6K −$0.92/SF
EGI
$24.1K $14.09/SF
− OpEx
−$7.2K −$4.23/SF
NOI
$16.9K $9.86/SF
Area
Faulkner County, AR
Vacancy
6.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,580
Cap Rate 7%
$241,129
Cap Rate 9%
$187,544
Alternative Uses
Best Use
Office B
$306.7K
$268.4K – $357.8K
NOI $21,470 @ 7.0% cap · market cap 9.99%
Second Best
Retail
$241.1K
$211.0K – $281.3K
NOI $16,879 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$390.5K
$341.7K – $455.6K
NOI $27,334 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,392
Businesses Nearby
Explore this area
Business Placement
Demographics for 72034, AR
47,873
Population
22,523
Households
2.1
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
47.9 sq mi
ZIP Area
999
Density / Sq Mi
$61,675
Median Household Income
$40,511
Median Earnings
$993
Median Rent
$250,000
Median Home Value
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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 units - ADA-compliant office layout with adaptable interior walls and additional heated and cooled space.
Where is this office units located?
The property is located at 1214 Clifton St Conway, AR.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 896 sq ft office area with three rooms and a waiting area; 544 sq. ft. upstairs heated and cooled space, recently repainted; Most interior walls are non‑load‑bearing for layout flexibility
