Office Building with Private
For Sale
$400,000
1407 W Main Street, Russellville, AR 72801
CommercialSale, Russellville, AR
Property Size3,064 SF
Lot Size0.75 Acres
Price / SF$130.55
Days on Market172
Property Features for 1407 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
From Pope County Court House head West property sits on corner of Main and New Orleans
Standard status
Active
APN
805-00078-000C
Size
3,064 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Description
LOTS 1 2 11 12 E261-2FT 3LK 27 CITY OF RUSSELLVILLE
Tax Annual Amount
2146
Legal Description
LOTS 1 2 11 12 E261-2FT 3LK 27 CITY OF RUSSELLVILLE
Building Details
Year built
1950
Listing Agency:
River Valley Realty, Inc
(479) 968-6260
Listed By:
Sue A Strait · License #EB00046388
(479) 890-1133
Added: May 1
Changed: Sep 7
Last Checked: Oct 19 at 9:06PM
MLS# 1344947
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property at 1407 W Main Street provides 3,064 square feet on a 0.75-acre site. Built in 1950, the building combines a professional layout with established interior finishes, including wood flooring and plantation shutters. Multiple private offices support individual work areas, meetings, and day-to-day business operations.
The property is located in Russellville, Arkansas, within Pope County and the 72801 ZIP code. On-site parking serves both visitors and employees, while the office configuration provides a practical setting for a business that meets with clients at its location.
The property is located in Russellville, Arkansas, within Pope County and the 72801 ZIP code. On-site parking serves both visitors and employees, while the office configuration provides a practical setting for a business that meets with clients at its location.
Key Highlights
- 3,064‑square‑foot office building on 0.75 acres
- Multiple private offices for individual workspaces and meetings
- Wood flooring throughout the interior
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Established commercial property with wood floors, plantation shutters, and parking for clients and staff.
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: 3,064‑square‑foot office building on 0.75 acres; Multiple private offices for individual workspaces and meetings; Wood flooring throughout the interior
