Walk-In Ready Office
For Sale
Contact for pricing
1305 West Center Street, Greenwood, AR 72936
Walk-in ready office space with on-site parking and strong visibility at 1305 W Center Street.
Property Size1,450 SF
Price / SF$155.17
Days on Market8
Property Features for 1305 West Center Street
General Information
Standard status
Active
Size
1,450 SF
Property subtype
Office
Listing Agency:
Ghan & Cooper Commercial Properties
(479) 478-6161
Listed By:
Tyler Teague · License #AR SA00079797
Source:
Crexi
Added: Jul 24
Changed: Jul 29
Last Checked: Jul 30 at 3:43PM
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 Ghan & Cooper Commercial Properties
Investment Insights
Based on property information with market context.
This walk-in ready office space is located at 1305 W Center Street. The property is set up for immediate occupancy and is supported by on-site parking and strong visibility.
The building sits on nearly an acre of land. The site configuration also offers the flexibility for a redevelopment concept or a continued business location, depending on how you plan to use the property.
With 1,450 SF of space, this is a practical option for an office tenant looking to move in without delay or for an owner evaluating an office space with land that can support future plans.
The building sits on nearly an acre of land. The site configuration also offers the flexibility for a redevelopment concept or a continued business location, depending on how you plan to use the property.
With 1,450 SF of space, this is a practical option for an office tenant looking to move in without delay or for an owner evaluating an office space with land that can support future plans.
Key Highlights
- Walk‑in ready office space at 1305 W Center Street
- 1,450 SF office space
- Nearly an acre land area
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.9k | $14.40 |
| − Vacancy | −$1.6k | −$1.08 |
| EGI | $19.3k | $13.32 |
| − OpEx | −$4.8k | −$3.33 |
| NOI | $14.5k | $9.99 |
1,450 SF · lease $14.40/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$206.9K
$181.1K – $241.4K
NOI $14,486 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$308.5K
$269.9K – $359.9K
NOI $21,595 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 72936, AR
14,515
Population
6,019
Households
2.4
Avg Household Size
38
Median Age
27%
College-Educated
92%
High-School Grad
80.9 sq mi
ZIP Area
179
Density / Sq Mi
$72,213
Median Household Income
$45,724
Median Earnings
$824
Median Rent
$197,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Walk-in ready office space with on-site parking and strong visibility at 1305 W Center Street.
Where is this office units located?
The property is located at 1305 West Center Street Greenwood, AR.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Walk‑in ready office space at 1305 W Center Street; 1,450 SF office space; Nearly an acre land area
