Class A Office Building With Redevelopment
1405 W Center St Greenwood, AR 72936
1405 W Center St, Greenwood, AR, 72936
Contact for pricing
For Sale
Contact for pricing
Class A office space for sale, with additional land for redevelopment included in the offering.
Property Size16,905 SF
Lot Size9.40 Acres
Price / SF$136.05
Days on Market154
Property Features for 1405 W Center St
General Information
- Standard status
- Active
- Size
- 16,905 SF
- Lot size
- 9.40 Acres
- Property subtype
- Office
Listing agency
Ghan & Cooper Commercial Properties
(479) 478-6161
Listed by
Tyler Teague · License #AR SA00079797
Source
Crexi
Added: Feb 18 Updated: Jul 21 at 6:28AM Checked: Jul 21 at 6:28AM
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.
Executive office space is available for sale as part of the Walters building complex, offering more than 16,000 SF of Class A office space. The offering also includes 9.4 acres of land for redevelopment.
In addition, the seller is offering a separate 1,450 SF building at 1305 W Center St, which is currently leased as a car lot, but could be redeveloped. The properties are located on W Center Street in Greenwood, Arkansas.
In addition, the seller is offering a separate 1,450 SF building at 1305 W Center St, which is currently leased as a car lot, but could be redeveloped. The properties are located on W Center Street in Greenwood, Arkansas.
Key Highlights
- More than 16,000 SF of Class A office space at 1404 W Center Street in Greenwood
- Includes 9.4 acres of land for redevelopment with the office offering
- Also available: a 1,450 SF building at 1305 W Center St, currently leased as a car lot
Local 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 | $243.4k | $14.40 |
| − Vacancy | −$18.3k | −$1.08 |
| EGI | $225.2k | $13.32 |
| − OpEx | −$56.3k | −$3.33 |
| NOI | $168.9k | $9.99 |
16,905 SF · lease $14.40/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.41M
$2.11M – $2.81M
NOI $168,881 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.60M
$3.15M – $4.20M
NOI $251,770 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Greenwood Bible College
Religious School
Gaston Troy
Law Firm
The Center Street Parlour
Tattoo & Piercing Shop
Edward Jones - Financial ...
Financial Advisor
Walters, Allison, Parker ...
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Class A office space for sale, with additional land for redevelopment included in the offering.
Where is this office building located?
The property is located at 1405 W Center St Greenwood, AR.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: More than 16,000 SF of Class A office space at 1404 W Center Street in Greenwood; Includes 9.4 acres of land for redevelopment with the office offering; Also available: a 1,450 SF building at 1305 W Center St, currently leased as a car lot
