Office Building with Private
1407 W Main St Russellville, AR 72801
For Sale
$400,000
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 Market85
Property Features for 1407 W Main St
General Information
- Standard status
- Active
- Size
- 3,064 SF
Listing Agency:
River Valley Realty, Inc
(479) 890-1133
Listed By:
Sue A Strait · License #EB00046388
(479) 890-1133
Source:
Exprealty
Added: May 1
Changed: Jul 23
Last Checked: Jul 23 at 4:50PM
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
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 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 | $38.6k | $12.60 |
| − Vacancy | −$2.6k | −$0.86 |
| EGI | $36.0k | $11.74 |
| − OpEx | −$9.0k | −$2.94 |
| NOI | $27.0k | $8.81 |
3,064 SF · lease $12.60/SF/yr · vacancy 6.80% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bullocks law firm ...
Government Office
FAQs
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 St 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
