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High-Visibility Corner Lot Building

2400 Donaghey Ave Conway, AR 72032

2400 Donaghey Ave, Conway, AR, 72032
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For Sale
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Modern 3,941 SF building on 1.35 acres for sale.

Property Size3,491 SF
Lot Size1.35 Acres
Price / SF$358.06
AddedFeb 10, 2020
Days on Market2348
Last RefreshJul 15 at 11:49 am

Property Features for 2400 Donaghey Ave

General Information

Standard status
Active
Size
3,491 SF
Lot size
1.35 Acres
Property subtype
Office

Building Details

Year Built
2007

Listing office RPM Group

Listing date Feb 10, 2020

Source Crexi

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 RPM Group


Investment Insights

Based on property information with market context.

Located just off Harkrider Street (Highway 64), this corner lot property offers access from Donaghey Avenue and Meadowlake Road. The building, constructed in 2007, has 3,941 square feet and was formerly a bank branch. It features a modern layout suitable for a financial institution or professional office. The property is zoned PUD and sits on 1.35 acres, including over 35 parking spaces. Traffic counts are approximately 12,000 vehicles per day on Donaghey Avenue and 2,900 vehicles per day on Meadowlake Road, providing exposure in a growing commercial corridor.

Key Highlights

  • High‑visibility corner lot with excellent access
  • 3,941 SF ± building suitable for a financial institution or professional office
  • Over 35 parking spaces

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 $64.9k $18.60
− Vacancy −$6.6k −$1.88
EGI $58.4k $16.72
− OpEx −$14.6k −$4.18
NOI $43.8k $12.54
3,491 SF · lease $18.60/SF/yr · vacancy 10.10% · expense 25.00%

Alternative Uses

Best Use
Office B
$625.4K
$547.3K – $729.7K (±1% cap)
NOI $43,781 @ 7.0% cap · market cap 3.50%
Second Best
Specialty Retail
$560.5K
$490.5K – $654.0K (±1% cap)
NOI $39,238 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$796.3K
$696.7K – $929.0K (±1% cap)
NOI $55,738 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Dental Office Law Firm Parking Lot & Garage Electrical Service Pharmacy HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Daycare Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Modern 3,941 SF building on 1.35 acres for sale.
Where is this office building located?
The property is located at 2400 Donaghey Ave Conway, AR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: High‑visibility corner lot with excellent access; 3,941 SF ± building suitable for a financial institution or professional office; Over 35 parking spaces
Contact an agent
(501) 916-8253 Call to check price and availability
More about this property
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