Office Building with Private
For Sale
$400,000
1407 W Main Street, Russellville, AR 72801
COMMERCIAL - Russellville, AR
Property Size3,064 SF
Lot Size0.75 Acres
Price / SF$130.55
Days on Market126
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: Aug 19
Last Checked: Sep 3 at 6:06PM
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.
Investment Insights
Based on property information with market context.
This 3,064-square-foot office building was constructed in 1950 and offers a layout with multiple private offices. Wood flooring extends throughout the interior, while plantation shutters provide a consistent window treatment and privacy feature. The property also includes parking for clients and staff.
Situated at 1407 W Main Street in Russellville, Arkansas, the office occupies a 0.75-acre property in Pope County. Its configuration supports professional workspace and client-facing business use, with separate offices for individual work areas, meetings, or administrative functions.
Situated at 1407 W Main Street in Russellville, Arkansas, the office occupies a 0.75-acre property in Pope County. Its configuration supports professional workspace and client-facing business use, with separate offices for individual work areas, meetings, or administrative functions.
Key Highlights
- 3,064‑square‑foot office building constructed in 1950
- Multiple private offices for individual workspaces or meetings
- Wood flooring throughout the interior
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
$26,986
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
6.75%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - Interior features wood flooring, plantation shutters, and multiple private offices.
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 constructed in 1950; Multiple private offices for individual workspaces or meetings; Wood flooring throughout the interior
