Multi-Room Office
2845 W Prince Street Conway, AR 72034
2845 W Prince Street, Conway, AR, 72034
$350,000
For Sale
$350,000
COMMERCIAL - Conway, AR
Property Size1,960 SF
Lot Size0.34 Acres
Price / SF$178.57
Days on Market365
Property Features for 2845 W Prince Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 20
- Exterior features
- Partially Fenced, Wheelchair Accessible
- Fencing
- Partial
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 710-07576-000
- Size
- 1,960 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Lot2 Westhaven Subdivision
- Tax Annual Amount
- 2153
Building Details
- Year built
- 1967
- Floors in Building
- 1
- Flooring type
- Vinyl
- Roof type
- Shingle
Listing Agency
All Around Real Estate - Dover
(479) 331-4663
116 N 2nd St, Dardanelle, AR
Listed by
Shery Ragsdale · License #SA00086850
(479) 857-3436
Added: Jul 18, 2025 Checked: Jul 17 at 6:06 pm
MLS# 25028574
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial building offers a welcoming main lobby entrance and eight separate rooms, providing a flexible layout for a variety of office and service uses. The property is approximately 1,960 square feet and includes updated mechanical service with new HVAC installed in July 2025.
The building is located on W Prince Street in Conway, Arkansas, on a high-traffic main street setting. Public remarks indicate convenient access to downtown, shopping, UCA, and Conway Regional Hospital.
With multiple private rooms off the main lobby, the interior configuration is suited for businesses that need distinct spaces within a single building footprint, including medical or legal offices and other professional service concepts mentioned in the remarks.
The building is located on W Prince Street in Conway, Arkansas, on a high-traffic main street setting. Public remarks indicate convenient access to downtown, shopping, UCA, and Conway Regional Hospital.
With multiple private rooms off the main lobby, the interior configuration is suited for businesses that need distinct spaces within a single building footprint, including medical or legal offices and other professional service concepts mentioned in the remarks.
Key Highlights
- Commercial building built in 1967 with a shingle roof
- Main lobby entrance plus 8 separate rooms, offering multiple business‑use layouts
- New HVAC installed in July 2025
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 7.02%
Second Best
Healthcare Medical
$236.6K
$207.1K – $276.1K
NOI $16,564 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$447.1K
$391.2K – $521.6K
NOI $31,294 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
West Prince Animal ...
Veterinary Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Commercial building with a main lobby entrance and eight separate rooms, plus new HVAC installed in July 2025.
Where is this office building located?
The property is located at 2845 W Prince Street Conway, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial building built in 1967 with a shingle roof; Main lobby entrance plus 8 separate rooms, offering multiple business‑use layouts; New HVAC installed in July 2025
