Building Details

Buildings 2

Listing Agency: River Valley Realty, Inc Show Phone

Listed By: Sue A Strait · License #EB00046388 Show Phone

Source: Connectrealtynwa

Added: Aug 9 Changed: Oct 8 Last Checked: Oct 16 at 8:17AM

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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 property includes a 2,000-square-foot building designated for quiet office use, along with a separate 1-bedroom, 1-bath residence. The guest house includes a loft that provides a second sleeping area and is currently operated as a short-term rental. The additional residence can also accommodate visiting professionals, employee housing, or residential rental use, as supported by the existing configuration.

Built in 1914, the property is located at 1410 W Main St in Russellville, Arkansas. Its setting includes established healthcare providers and complementary businesses, supporting a professional office environment within the local medical community. The combination of office space and a separate furnished-style residential component creates a property with two distinct functional areas.

Key Highlights

• 2,000‑square‑foot office building designated for quiet office use
• Separate 1‑bedroom, 1‑bath residence included
• Guest house loft provides a second sleeping area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,064

Cap Rate

3.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$361,280 $361.3K

Cap Rate 7%

$258,057 $258.1K

Cap Rate 9%

$200,711 $200.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,051 SF

Gross rent

$25.8K $12.60/SF

− Vacancy

−$1.8K −$0.86/SF

EGI

$24.1K $11.74/SF

− OpEx

−$6.0K −$2.94/SF

NOI

$18.1K $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%

$361,280

Cap Rate 7%

$258,057

Cap Rate 9%

$200,711

Alternative Uses

Best Use

Office B

$258.1K

$225.8K – $301.1K (±1% cap)

NOI $18,064 @ 7.0% cap · market cap 3.31%

Second Best

Apartment 5plus

$175.2K

$153.3K – $204.4K (±1% cap)

NOI $12,264 @ 7.0% cap · market cap 2.25%

Theoretical Best

Office A

$327.7K

$286.7K – $382.3K (±1% cap)

NOI $22,938 @ 7.0% cap · market cap 4.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

River Valley Drug ... Drug Testing Service Helms Don J ... Accounting Firm

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Locksmith Veterinary Clinic Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office property includes a separate residence with loft sleeping area.

Where is this office building located?

The property is located at 1410 W Main Street Russellville, AR.

What is the asking price?

The asking price for this property is $545,000.

What are key features of this property?

This property features: 2,000‑square‑foot office building designated for quiet office use; Separate 1‑bedroom, 1‑bath residence included; Guest house loft provides a second sleeping area