Multi-Tenant Office
New
For Sale
$825,000
1391 Plaza Place, Springdale, AR 72764
CommercialSale, Springdale, AR
Property Size3,620 SF
Lot Size0.36 Acres
Price / SF$227.90
Days on Market2
Property Features for 1391 Plaza Place
General Information
Property type
Commercial Sale
Property subtype
Office
Lot features
Central Business District, Cul De Sac
Directions
From I-49, east on Sunset Ave (Hwy 412). North on Whitaker St. East on Plaza Place. Property is on the south side of the street.
Standard status
Active
APN
815-32581-000
Size
3,620 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Description
/
Tax Annual Amount
5152
Legal Description
/
Amenities
offices
conference rooms
storage with overhead door
reception
break room
Building Details
Year built
2006
Listing Agency:
Steve Fineberg & Associates
(479) 271-4161
Listed By:
Caleb Carr · License #SA00084539
(479) 271-4161
Added: Aug 27
Last Checked: Aug 28 at 6:06PM
MLS# 1360130
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.
Investment Insights
Based on property information with market context.
Constructed in 2006, this 3,620-square-foot office building contains three suites with 10 total offices, two conference rooms, and suite-specific reception and break areas. The property is configured for multi-tenant occupancy, with two suites leased and one available for owner use or leasing. A 425-square-foot storage area with an overhead door adds functional support space. The roof was replaced in 2022.
The 0.361-acre property is located at 1391 Plaza Place in Springdale, just off Hwy 412, with access to I-49. The building’s finished interior and three-suite layout support a combination of owner occupancy and leased office space.
The 0.361-acre property is located at 1391 Plaza Place in Springdale, just off Hwy 412, with access to I-49. The building’s finished interior and three-suite layout support a combination of owner occupancy and leased office space.
Key Highlights
- 3,620‑square‑foot office building on 0.361 acres
- Three‑suite configuration with two suites leased
- 10 total offices and two conference rooms
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
$54,656
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
6.62%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - Finished office property with three suites, reception areas, and shared conference space.
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‑square‑foot office building on 0.361 acres; Three‑suite configuration with two suites leased; 10 total offices and two conference rooms
