Office Building with Private
For Sale
$400,000
1407 W Main Street, Russellville, AR 72801
Office building with multiple private offices, wood flooring, plantation shutters, and ample on-site parking.
Property Size3,064 SF
Price / SF$130.55
Days on Market118
Property Features for 1407 W Main Street
General Information
Standard status
Active
Size
3,064 SF
Listing Agency:
River Valley Realty, Inc
(479) 968-6260
Listed By:
Sue Strait · License #EB00046388
(479) 890-1133
Source:
Connectrealtynwa
Added: Jul 3
Changed: Oct 27
Last Checked: Oct 28 at 8:29AM
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 River Valley Realty, Inc
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Investment Insights
Based on property information with market context.
This office building offers a client-ready layout with multiple private offices designed for productive work and meetings. Interior finishes include wood flooring throughout, complemented by plantation shutters that provide added privacy and style.
The property is offered for sale with convenient on-site parking for clients and staff. It’s positioned as an office or other client-facing business location.
For businesses seeking a turn-key office environment, the combination of a multi-office configuration and well-maintained interior character supports a professional day-to-day workflow.
The property is offered for sale with convenient on-site parking for clients and staff. It’s positioned as an office or other client-facing business location.
For businesses seeking a turn-key office environment, the combination of a multi-office configuration and well-maintained interior character supports a professional day-to-day workflow.
Key Highlights
- Office building with multiple private offices for productivity, meetings, and individual workspaces
- Wood flooring throughout
- Plantation shutters for style and privacy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,986
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,720
$539.7K
Cap Rate 7%
$385,514
$385.5K
Cap Rate 9%
$299,844
$299.8K
Market Conditions
NOI Build-Up for 3,064 SF
Gross rent
$38.6K $12.60/SF
− Vacancy
−$2.6K −$0.86/SF
EGI
$36.0K $11.74/SF
− OpEx
−$9.0K −$2.94/SF
NOI
$27.0K $8.81/SF
Area
Pope County, AR
Vacancy
6.80%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,720
Cap Rate 7%
$385,514
Cap Rate 9%
$299,844
Alternative Uses
Best Use
Office B
$385.5K
$337.3K – $449.8K
NOI $26,986 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.5K
$428.4K – $571.1K
NOI $34,268 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
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Business Placement
Demographics for 72801, AR
18,510
Population
7,530
Households
2.5
Avg Household Size
29
Median Age
26%
College-Educated
82%
High-School Grad
8.0 sq mi
ZIP Area
2,314
Density / Sq Mi
$42,363
Median Household Income
$22,473
Median Earnings
$837
Median Rent
$153,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building with multiple private offices, wood flooring, plantation shutters, and ample on-site parking.
Where is this office building located?
The property is located at 1407 W Main Street Russellville, AR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Office building with multiple private offices for productivity, meetings, and individual workspaces; Wood flooring throughout; Plantation shutters for style and privacy
