Updated Office
2172 N Thompson Street, Springdale, AR 72764
For Sale
$429,999
Pending
CommercialSale, Springdale, AR
Property Size1,292 SF
Lot Size0.54 Acres
Days on Market1766
Property Features for 2172 N Thompson Street
General Information
Property type
Property subtype
Zoning description
Parking features
Appliances
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
kitchen
restroom
water heater
central heat and air
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
The Griffin Company Commercial Division-Springdale · Weichert
(479) 756-1003
Listed By:
Marcy Chavez · License AR SA59605-D01
(479) 251-1300
Added: Jan 12, 2022
Changed: Nov 10
Last Checked: Nov 12 at 8:06AM
MLS# 1206746
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.
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Investment Insights
Based on property information with market context.
This 1,292-square-foot office unit sits on a 0.54-acre parcel and includes dedicated office space, a kitchen, restroom, electric water heater, central heating and air conditioning, and parking in an on-site lot. The building was constructed in 1958 with brick construction, public water, shingle roofing, and a mix of tile, laminate, and simulated wood flooring.
Reported improvements include a new roof, flooring, paint, windows, insulation, blinds, fans, and stove. Located at 2172 N Thompson Street in Springdale, the property is positioned along a corridor where thousands of cars pass daily. The combination of office accommodations, recent property improvements, and existing parking provides a functional commercial setting for an office user.
Reported improvements include a new roof, flooring, paint, windows, insulation, blinds, fans, and stove. Located at 2172 N Thompson Street in Springdale, the property is positioned along a corridor where thousands of cars pass daily. The combination of office accommodations, recent property improvements, and existing parking provides a functional commercial setting for an office user.
Key Highlights
- 1,292 SF office unit on a 0.54‑acre parcel
- Kitchen, restroom, electric water heater, and central HVAC
- New roof, flooring, paint, windows, insulation, blinds, fans, and stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,507
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,140
$390.1K
Cap Rate 7%
$278,671
$278.7K
Cap Rate 9%
$216,744
$216.7K
Market Conditions
NOI Build-Up for 1,292 SF
Gross rent
$27.9K $21.60/SF
− Vacancy
−$1.9K −$1.47/SF
EGI
$26.0K $20.13/SF
− OpEx
−$6.5K −$5.03/SF
NOI
$19.5K $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 Rate 5%
$390,140
Cap Rate 7%
$278,671
Cap Rate 9%
$216,744
Alternative Uses
Best Use
Office B
$278.7K
$243.8K – $325.1K
NOI $19,507 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.8K
$303.5K – $404.6K
NOI $24,276 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
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Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Springdale, AR
Properties on Market for Office Units in Springdale
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office space includes a kitchen, restroom, central HVAC, electric water heater, and on-site parking.
Where is this office unit located?
The property is located at 2172 N Thompson Street Springdale, AR.
What is the asking price?
The asking price for this property is $429,999.
What are key features of this property?
This property features: 1,292 SF office unit on a 0.54‑acre parcel; Kitchen, restroom, electric water heater, and central HVAC; New roof, flooring, paint, windows, insulation, blinds, fans, and stove
