Office Units with Shared
For Sale
$440,000
2021 Huntsville Avenue, Springdale, AR 72762
COMMERCIAL - Springdale, AR
Property Size1,920 SF
Lot Size0.49 Acres
Price / SF$229.17
Days on Market179
Property Features for 2021 Huntsville Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Appliances
ElectricWaterHeater
Lot features
City Lot
Directions
From I-49 take exit 73, turn right onto White Rd , continue onto W Huntsville Ave , destination will be on the right (behind donut shop)
Standard status
Active
APN
815-29827-000
Size
1,920 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Description
PT NE SE .2541 A. PT NE SE . 235 A.
Legal Description
PT NE SE .2541 A. PT NE SE . 235 A.
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
kitchenette
Building Details
Flooring type
Carpet, Vinyl
Building materials
Brick
Roof type
Metal
Listing Agency:
Montgomery Whiteley Realty
(870) 423-2950
Listed By:
Sherry L Mathews · License #SA00083593
(870) 350-6167
Added: Feb 21
Changed: Aug 19
Last Checked: Aug 19 at 1:06PM
MLS# 1336837
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 1,920-square-foot brick office property is arranged as two small office areas with a shared kitchenette, two restrooms, and an additional spare room. Interior improvements include new paint, carpet, and flooring. The building is currently used as a church and includes a parking lot, central heating, and central air conditioning. A metal roof was installed in 10/2024.
The property occupies 0.489 acres at 2021 Huntsville Avenue in Springdale, Arkansas. It is located near I-49, restaurants, gas stations, and Walmart. The property is offered for sale as is.
The property occupies 0.489 acres at 2021 Huntsville Avenue in Springdale, Arkansas. It is located near I-49, restaurants, gas stations, and Walmart. The property is offered for sale as is.
Key Highlights
- 1,920 square feet on 0.489 acres
- Two small office areas with shared kitchenette
- Two restrooms plus an additional spare room
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
$28,989
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
6.59%
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%
$579,780
$579.8K
Cap Rate 7%
$414,129
$414.1K
Cap Rate 9%
$322,100
$322.1K
Market Conditions
NOI Build-Up for 1,920 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
$41.5K $21.60/SF
− Vacancy
−$2.8K −$1.47/SF
EGI
$38.7K $20.13/SF
− OpEx
−$9.7K −$5.03/SF
NOI
$29.0K $15.10/SF
Area
Washington County, AR
Vacancy
6.80%
Lease Rate
$21.60 /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%
$579,780
Cap Rate 7%
$414,129
Cap Rate 9%
$322,100
Alternative Uses
Best Use
Office B
$414.1K
$362.4K – $483.2K
NOI $28,989 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$515.4K
$450.9K – $601.3K
NOI $36,075 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 72762, AR
42,175
Population
17,270
Households
2.4
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
58.1 sq mi
ZIP Area
726
Density / Sq Mi
$80,678
Median Household Income
$42,066
Median Earnings
$1,118
Median Rent
$278,600
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 units - Brick office property with multiple rooms, two restrooms, parking, and recent interior updates.
Where is this office units located?
The property is located at 2021 Huntsville Avenue Springdale, AR.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 1,920 square feet on 0.489 acres; Two small office areas with shared kitchenette; Two restrooms plus an additional spare room
