Freestanding Two-Tenant Office
For Sale
Contact for pricing
210 John Harden Dr, Jacksonville, AR 72076
Two-tenant office building with frontage on John Harden Drive, currently 50% occupied.
Property Size3,076 SF
Price / SF$138.17
Days on Market73
Property Features for 210 John Harden Dr
General Information
Standard status
Active
Size
3,076 SF
Property subtype
OFFICE
Occupancy
50%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Building Details
Tenancy
Multi
Listing Agency:
Kelley Commercial Partners - Little Rock
(501) 244-7507
Listed By:
Eric Varner · License #00075069
(501) 244-7507
Source:
Moodyscre
Added: Jun 9
Changed: Jul 27
Last Checked: Aug 19 at 1:31PM
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 Kelley Commercial Partners - Little Rock
Investment Insights
Based on property information with market context.
Freestanding two-tenant office building offering frontage on John Harden Drive in Jacksonville, AR. The property is currently 50% occupied by Shelter Insurance and includes office space configured for two tenants. The building totals 3,076 square feet.
John Harden Drive provides convenient access to I-57 and Main St., supporting connectivity throughout Jacksonville and to the greater Little Rock area. The building sits in an established commercial corridor near Walmart, Harbor Freight, restaurants, and hotels.
Little Rock Air Force Base is approximately 2.5 miles away, which supports a working population estimated at approximately 7,200.
John Harden Drive provides convenient access to I-57 and Main St., supporting connectivity throughout Jacksonville and to the greater Little Rock area. The building sits in an established commercial corridor near Walmart, Harbor Freight, restaurants, and hotels.
Little Rock Air Force Base is approximately 2.5 miles away, which supports a working population estimated at approximately 7,200.
Key Highlights
- Two‑tenant freestanding office building with frontage on John Harden Drive in Jacksonville, AR
- Currently 50% occupied by Shelter Insurance
- Convenient access to I‑57 and Main St via John Harden Dr.
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
$25,725
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
6.05%
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%
$514,500
$514.5K
Cap Rate 7%
$367,500
$367.5K
Cap Rate 9%
$285,833
$285.8K
Market Conditions
NOI Build-Up for 3,076 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
$38.8K $12.60/SF
− Vacancy
−$4.5K −$1.45/SF
EGI
$34.3K $11.15/SF
− OpEx
−$8.6K −$2.79/SF
NOI
$25.7K $8.36/SF
Area
Pulaski County, AR
Vacancy
11.50%
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%
$514,500
Cap Rate 7%
$367,500
Cap Rate 9%
$285,833
Alternative Uses
Best Use
Office B
$367.5K
$321.6K – $428.8K
NOI $25,725 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$586.8K
$513.4K – $684.6K
NOI $41,073 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
50%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Explore this area
Business Placement
Demographics for 72076, AR
38,443
Population
17,780
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
529
Density / Sq Mi
$53,048
Median Household Income
$36,189
Median Earnings
$917
Median Rent
$155,600
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 building - Two-tenant office building with frontage on John Harden Drive, currently 50% occupied.
Where is this office building located?
The property is located at 210 John Harden Dr Jacksonville, AR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑tenant freestanding office building with frontage on John Harden Drive in Jacksonville, AR; Currently 50% occupied by Shelter Insurance; Convenient access to I‑57 and Main St via John Harden Dr.
