Office Building with Reception
For Sale
$199,990
1310 Prince Street, Conway, AR 72034
Commercial / Industrial, Traditional, Conway, AR
Property Size1,278 SF
Lot Size0.26 Acres
Price / SF$156.49
Days on Market11
Property Features for 1310 Prince Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
7
Exterior features
Pole Sign, Landscaping
Subdivision
Fidders Survey
Directions
From 1-40 take 3rd exit turn west onto Oak Street, right on Locust, property is at intersection of Locust & Prince. Sign in yard.
Standard status
Active
APN
710-02890-000C
Size
1,278 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Pt Lot 132 Fiddlers Survey
Tax Annual Amount
1724
Legal Description
Pt Lot 132 Fiddlers Survey
Building Details
Floors in Building
1
Architectural style
Other
Listing Agency:
Salter Real Estate, Inc.
(501) 327-6681
Listed By:
Reda Salter
(501) 450-0903
Added: Aug 11
Changed: Aug 20
Last Checked: Aug 21 at 12:06AM
MLS# 26034052
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 1,278-square-foot office building is vacant and arranged for flexible professional use. The interior includes a large foyer with storage, a reception room, kitchenette, bathroom, and front office with an adjoining private office. Three additional rooms can function as offices or exam rooms, providing a practical mix of public, administrative, and private spaces.
The property occupies 0.26 acres at 1310 Prince Street in Conway, Arkansas. Exterior features include a pole sign and landscaping. The building is being offered in its current condition, with the sale made as-is and where-is.
The property occupies 0.26 acres at 1310 Prince Street in Conway, Arkansas. Exterior features include a pole sign and landscaping. The building is being offered in its current condition, with the sale made as-is and where-is.
Key Highlights
- 1,278‑square‑foot vacant office building
- Large foyer with dedicated storage area
- Reception room, kitchenette, and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,027
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$320,540
$320.5K
Cap Rate 7%
$228,957
$229.0K
Cap Rate 9%
$178,078
$178.1K
Market Conditions
NOI Build-Up for 1,278 SF
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.
Gross rent
$23.8K $18.60/SF
− Vacancy
−$2.4K −$1.88/SF
EGI
$21.4K $16.72/SF
− OpEx
−$5.3K −$4.18/SF
NOI
$16.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$320,540
Cap Rate 7%
$228,957
Cap Rate 9%
$178,078
Alternative Uses
Best Use
Office B
$229.0K
$200.3K – $267.1K
NOI $16,027 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$291.5K
$255.1K – $340.1K
NOI $20,405 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,552
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
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 building - Vacant office property with private rooms, a kitchenette, storage, and an exterior pole sign.
Where is this office building located?
The property is located at 1310 Prince Street Conway, AR.
What is the asking price?
The asking price for this property is $199,990.
What are key features of this property?
This property features: 1,278‑square‑foot vacant office building; Large foyer with dedicated storage area; Reception room, kitchenette, and 1 bathroom
