Multi-Entry Office
New
For Sale
$850,000
19 Business Park Drive, Greenbrier, AR 72058
Commercial / Industrial, Traditional, Greenbrier, AR
Property Size6,217 SF
Lot Size0.50 Acres
Price / SF$136.72
Days on Market2
Property Features for 19 Business Park Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Interior features
Smoke Detector, Kitchen Area
Exterior features
Partially Fenced, Dumpster
Fencing
Partial
Lot features
Level
Directions
From Conway, go North on Hwy 65, in about 10 miles turn right on Business Park Drive, the building is on the left.
Subdivision
GREENBRIER SCHOOL DISTRICT
Standard status
Active
Size
6,217 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Description
Lot 8 THE CITY CENTER PHASE I
Tax Annual Amount
3213
Legal Description
Lot 8 THE CITY CENTER PHASE I
Amenities
reception area
kitchen
laundry room
security system
fenced rear area
outside storage
Building Details
Year built
2005
Floors in Building
1
Flooring type
Vinyl
Roof type
Metal
Architectural style
Other
Listing Agency:
Homeward Realty
(501) 505-4009
Listed By:
Anthony Walker
(870) 725-6205
Added: Oct 13
Last Checked: Oct 13 at 11:06PM
MLS# 26041482
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 contains 6,217 square feet across two wings, with nine oversized rooms, eight private en-suite bathrooms and an additional hallway bathroom. Multiple exterior entrances provide access to separate areas. The interior also includes a reception area, a kitchen with commercial-grade sinks and a dedicated laundry room equipped with two commercial-grade washer and dryer sets. A security system, metal roof, updated flooring and paint, paved parking, and a fenced rear area with outside storage are among the property’s features. Built in 2005, the building occupies a 0.5-acre lot.
The property is near downtown Greenbrier businesses, restaurants and amenities. The layout and separate entry points accommodate divided office or business operations.
The property is near downtown Greenbrier businesses, restaurants and amenities. The layout and separate entry points accommodate divided office or business operations.
Key Highlights
- 6,217‑square‑foot office building on 0.5 acres
- Two wings with nine oversized rooms
- Eight private en‑suite bathrooms plus one hallway bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,968
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,360
$1.6M
Cap Rate 7%
$1,113,829
$1.1M
Cap Rate 9%
$866,311
$866.3K
Market Conditions
NOI Build-Up for 6,217 SF
Gross rent
$115.6K $18.60/SF
− Vacancy
−$11.7K −$1.88/SF
EGI
$104.0K $16.72/SF
− OpEx
−$26.0K −$4.18/SF
NOI
$78.0K $12.54/SF
Area
Faulkner County, AR
Vacancy
10.10%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,360
Cap Rate 7%
$1,113,829
Cap Rate 9%
$866,311
Alternative Uses
Best Use
Office B
$1.11M
$974.6K – $1.30M
NOI $77,968 @ 7.0% cap · market cap 9.17%
Second Best
Healthcare Medical
$750.6K
$656.8K – $875.7K
NOI $52,540 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,262 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 72058, AR
18,525
Population
7,143
Households
2.6
Avg Household Size
37
Median Age
28%
College-Educated
96%
High-School Grad
157.3 sq mi
ZIP Area
118
Density / Sq Mi
$80,406
Median Household Income
$48,578
Median Earnings
$1,027
Median Rent
$203,400
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
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Frequently Asked Questions
What type of property is this?
Office building - Two wings and several exterior entry points allow the interior to serve separate office suites or business operations.
Where is this office building located?
The property is located at 19 Business Park Drive Greenbrier, AR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 6,217‑square‑foot office building on 0.5 acres; Two wings with nine oversized rooms; Eight private en‑suite bathrooms plus one hallway bathroom
