Multi-Tenant Office
208 E Kiehl Ave Sherwood, AR 72120
208 E Kiehl Ave, Sherwood, AR, 72120
$2,700,000
For Sale
$2,700,000
Office building on 1.82 acres with 2 tenants currently occupying about two-thirds of the space.
Property Size15,489 SF
Lot Size1.82 Acres
Price / SF$174.32
Days on Market50
Property Features for 208 E Kiehl Ave
General Information
- Standard status
- Active
- Size
- 15,489 SF
- Lot size
- 1.82 Acres
Listing agency
IRealty Arkansas - Sherwood
(501) 837-4391
Listed by
Kristen Kennon
(501) 837-4391
Source
Exprealty
Added: Jun 3 Updated: Jul 22 at 2:33AM Checked: Jul 22 at 2:33AM
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 IRealty Arkansas - Sherwood
Investment Insights
Based on property information with market context.
This multi-tenant office building sits on 1.82 acres, including a half-acre outparcel. The property totals 15,489 square feet and is currently split between two tenants occupying about two-thirds of the building and individual office leases making up the remaining one-third. One tenant has approximately 5,000 square feet with one year remaining on its lease term, creating near-term flexibility for the owner-occupant or continued leasing.
The location in the heart of Sherwood is supported by reported traffic counts of over 16,000 VPD on Kiehl and 28,000 VPD on Hwy 107/JFK, which can be beneficial for office visibility and customer access.
For sale. Monthly rent is listed at $26,000 with stated expenses of $6,000 per month.
The location in the heart of Sherwood is supported by reported traffic counts of over 16,000 VPD on Kiehl and 28,000 VPD on Hwy 107/JFK, which can be beneficial for office visibility and customer access.
For sale. Monthly rent is listed at $26,000 with stated expenses of $6,000 per month.
Key Highlights
- Office building on 1.82 acres (includes 1/2‑acre outparcel) with 15,489 SF
- High‑traffic frontage with 16,000+ VPD on Kiehl and 28,000+ VPD on Hwy 107/JFK
- Currently leased to 2 tenants—about 2/3 of the space tenant‑occupied and 1/3 as individual office leases
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.2k | $12.60 |
| − Vacancy | −$22.4k | −$1.45 |
| EGI | $172.7k | $11.15 |
| − OpEx | −$43.2k | −$2.79 |
| NOI | $129.5k | $8.36 |
15,489 SF · lease $12.60/SF/yr · vacancy 11.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,538 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.95M
$2.59M – $3.45M
NOI $206,818 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office units - Office building on 1.82 acres with 2 tenants currently occupying about two-thirds of the space.
Where is this office units located?
The property is located at 208 E Kiehl Ave Sherwood, AR.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Office building on 1.82 acres (includes 1/2‑acre outparcel) with 15,489 SF; High‑traffic frontage with 16,000+ VPD on Kiehl and 28,000+ VPD on Hwy 107/JFK; Currently leased to 2 tenants—about 2/3 of the space tenant‑occupied and 1/3 as individual office leases
