Office Building with Guest
For Sale
$545,000
1410 W Main Street, Russellville, AR 72801
CommercialSale, Russellville, AR
Property Size2,000 SF
Price / SF$265.72
Days on Market51
Property Features for 1410 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Residential Office
Lot features
Central Business District, City Lot
Directions
West Main from the Court House proceed forward property on the north side of the road
Standard status
Active
APN
805-00044-001R
Size
2,051 SF
Taxes and HOA fees
Tax Description
Sth 55' of Lots 1,2 E 22' of Sth 55 ' Lot 3, Lots 11, 12 and E 22' of Lot 10, all in Block 17, WJ White Addition City of Russellville
Legal Description
Sth 55' of Lots 1,2 E 22' of Sth 55 ' Lot 3, Lots 11, 12 and E 22' of Lot 10, all in Block 17, WJ White Addition City of Russellville
Building Details
Year built
1914
Flooring type
Wood
Listing Agency:
River Valley Realty, Inc
(479) 968-6260
Listed By:
Sue A Strait · License #EB00046388
(479) 890-1133
Added: Aug 6
Changed: Sep 7
Last Checked: Sep 25 at 3:06PM
MLS# 1357886
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 office property includes an approximately 2,000 sq. ft. building with wood flooring and use described as a quiet office setting. A separate 1-bedroom, 1-bath residence is also part of the property, with a loft that provides a second sleeping area. The residence is currently operated as a short-term rental.
Located at 1410 W Main Street in Russellville, the property is positioned among established healthcare providers and complementary businesses. The setting offers access to the surrounding medical community, with visibility and convenient connectivity identified as notable site characteristics.
The combination of office space and a separate residential improvement supports a range of documented uses, including professional office occupancy, short-term rental operation, visiting-professional lodging, employee housing, or residential rental use.
Located at 1410 W Main Street in Russellville, the property is positioned among established healthcare providers and complementary businesses. The setting offers access to the surrounding medical community, with visibility and convenient connectivity identified as notable site characteristics.
The combination of office space and a separate residential improvement supports a range of documented uses, including professional office occupancy, short-term rental operation, visiting-professional lodging, employee housing, or residential rental use.
Key Highlights
- Approximately 2,000 sq. ft. office building
- Separate 1‑bedroom, 1‑bath residence
- Loft provides a second sleeping area
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
$18,064
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
3.31%
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%
$361,280
$361.3K
Cap Rate 7%
$258,057
$258.1K
Cap Rate 9%
$200,711
$200.7K
Market Conditions
NOI Build-Up for 2,051 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
$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 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%
$361,280
Cap Rate 7%
$258,057
Cap Rate 9%
$200,711
Alternative Uses
Best Use
Office B
$258.1K
$225.8K – $301.1K
NOI $18,064 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$175.2K
$153.3K – $204.4K
NOI $12,264 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$327.7K
$286.7K – $382.3K
NOI $22,938 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
601
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
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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 - Includes a separate guest residence with loft space and an established short-term rental use.
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: Approximately 2,000 sq. ft. office building; Separate 1‑bedroom, 1‑bath residence; Loft provides a second sleeping area
