Multi-Tenant Office
1391 Plaza Place, Springdale, AR 72764
For Sale
$825,000
Multi-suite office property with reception and break areas serving each suite.
Property Size3,620 SF
Price / SF$227.90
Days on Market59
Property Features for 1391 Plaza Place
General Information
Standard status
Size
Additional Details
Highway Access
Office Units
Building Details
Tenancy
Owner Occupied
Listing Agency:
Steve Fineberg & Associates
Listed By:
Caleb Carr · License #SA00084539
(479) 271-4161
Source:
Connectrealtynwa
Added: Sep 10
Changed: Oct 25
Last Checked: Nov 6 at 8:01AM
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 Steve Fineberg & Associates
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Investment Insights
Based on property information with market context.
This 3,620-square-foot office building was constructed in 2006 and is configured as three separate suites. The layout includes 10 total offices, two conference rooms, and reception and break areas for each suite. A 425-square-foot storage area with an overhead door adds functional support space. Two of the three suites are leased, while the building also supports owner occupancy.
A new roof was installed in 2022. The property is located just off Hwy 412 in Springdale with access to I-49, providing a practical setting for office operations and multi-suite occupancy.
A new roof was installed in 2022. The property is located just off Hwy 412 in Springdale with access to I-49, providing a practical setting for office operations and multi-suite occupancy.
Key Highlights
- 3,620 SF office building constructed in 2006
- Three‑suite layout with two suites currently leased
- 10 total offices and two conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,656
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,093,120
$1.1M
Cap Rate 7%
$780,800
$780.8K
Cap Rate 9%
$607,289
$607.3K
Market Conditions
NOI Build-Up for 3,620 SF
Gross rent
$78.2K $21.60/SF
− Vacancy
−$5.3K −$1.47/SF
EGI
$72.9K $20.13/SF
− OpEx
−$18.2K −$5.03/SF
NOI
$54.7K $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%
$1,093,120
Cap Rate 7%
$780,800
Cap Rate 9%
$607,289
Alternative Uses
Best Use
Office B
$780.8K
$683.2K – $910.9K
NOI $54,656 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$971.7K
$850.2K – $1.13M
NOI $68,017 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,016
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
$226,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Washington County, AR
Properties on Market for Office buildings in Washington County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multi-suite office property with reception and break areas serving each suite.
Where is this office building located?
The property is located at 1391 Plaza Place Springdale, AR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 3,620 SF office building constructed in 2006; Three‑suite layout with two suites currently leased; 10 total offices and two conference rooms
