Multi-Use Office Building with
2845 W Prince Street Conway, AR 72034
2845 W Prince Street, Conway, AR, 72034
$399,900
For Sale
$399,900
Commercial building on a main street with a main lobby, eight separate rooms, and new HVAC installed July 2025.
Property Size1,960 SF
Price / SF$204.03
Days on Market371
Property Features for 2845 W Prince Street
General Information
- Standard status
- Active
- Size
- 1,960 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1967
Listing agency
All Around Real Estate Dover
(479) 331-4663
Listed by
Shery Ragsdale
Source
Exitrealty
Added: Jul 18, 2025 Updated: Jul 23 at 3:09AM Checked: Jul 23 at 3:09AM
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 All Around Real Estate Dover
Investment Insights
Based on property information with market context.
This versatile commercial building features a welcoming main lobby and eight separate rooms, offering flexible space for a range of office and service uses. The property is described as suitable for medical or legal offices, a pet grooming spa, hair or beauty salon, daycare, an insurance agency, and other business needs that benefit from multiple private rooms.
Located on a main street, the building is positioned for client access, with the remarks noting minutes from downtown and quick access to shopping, UCA, and Conway Regional Hospital.
Recent improvements include new HVAC installed in July 2025, supporting year-round comfort for staff and clients. The layout is designed to be easily customized to fit the needs of an owner or tenant looking for a multi-room commercial facility.
Located on a main street, the building is positioned for client access, with the remarks noting minutes from downtown and quick access to shopping, UCA, and Conway Regional Hospital.
Recent improvements include new HVAC installed in July 2025, supporting year-round comfort for staff and clients. The layout is designed to be easily customized to fit the needs of an owner or tenant looking for a multi-room commercial facility.
Key Highlights
- Commercial building built in 1967 with a welcoming main lobby and 8 separate rooms
- New HVAC installed July 2025
- Flexible interior layout suited for multiple business uses including medical or legal offices, pet grooming, beauty/hair salon, daycare, and insurance agency
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 | $36.5k | $18.60 |
| − Vacancy | −$3.7k | −$1.88 |
| EGI | $32.8k | $16.72 |
| − OpEx | −$8.2k | −$4.18 |
| NOI | $24.6k | $12.54 |
1,960 SF · lease $18.60/SF/yr · vacancy 10.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$351.1K
$307.3K – $409.7K
NOI $24,580 @ 7.0% cap · market cap 6.15%
Second Best
Healthcare Medical
$236.6K
$207.1K – $276.1K
NOI $16,564 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$447.1K
$391.2K – $521.6K
NOI $31,294 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
West Prince Animal ...
Veterinary Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Commercial building on a main street with a main lobby, eight separate rooms, and new HVAC installed July 2025.
Where is this office units located?
The property is located at 2845 W Prince Street Conway, AR.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Commercial building built in 1967 with a welcoming main lobby and 8 separate rooms; New HVAC installed July 2025; Flexible interior layout suited for multiple business uses including medical or legal offices, pet grooming, beauty/hair salon, daycare, and insurance agency
