Office Building with 8
2845 W Prince Street, Conway, AR 72034
For Sale
$350,000
Commercial / Industrial, Conway, AR
Property Size1,960 SF
Lot Size0.34 Acres
Price / SF$178.57
Days on Market483
Property Features for 2845 W Prince Street
General Information
Property type
Property subtype
Parking
Exterior features
Fencing
Accessibility
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Flooring type
Roof type
Buildings
Listing Agency:
All Around Real Estate - Dover
(479) 331-4663
Listed By:
Shery Ragsdale · License AR SA00086850
(479) 857-3436
Added: Jul 18, 2025
Changed: Nov 11
Last Checked: Nov 12 at 9:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,960-square-foot office building at 2845 W Prince Street has a main lobby and 8 separate rooms. Built in 1967, the property received a new HVAC system in July 2025. Interior flooring is vinyl, and the roof is shingle. Accessibility features include a ramped approach and wheelchair access; the site is partially fenced and occupies 0.34 acres.
The property is in Conway, with downtown, shopping, the University of Central Arkansas, and Conway Regional Hospital cited as nearby destinations.
The property is in Conway, with downtown, shopping, the University of Central Arkansas, and Conway Regional Hospital cited as nearby destinations.
Key Highlights
- 1,960‑square‑foot office building on a 0.34‑acre lot
- Lobby plus 8 separate rooms
- New HVAC installed in July 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,580
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,600
$491.6K
Cap Rate 7%
$351,143
$351.1K
Cap Rate 9%
$273,111
$273.1K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$36.5K $18.60/SF
− Vacancy
−$3.7K −$1.88/SF
EGI
$32.8K $16.72/SF
− OpEx
−$8.2K −$4.18/SF
NOI
$24.6K $12.54/SF
Area
Faulkner County, AR
Vacancy
10.10%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,600
Cap Rate 7%
$351,143
Cap Rate 9%
$273,111
Alternative Uses
Best Use
Office B
$351.1K
$307.3K – $409.7K
NOI $24,580 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
Explore this area
Business Placement
Demographics for 72034, AR
47,873
Population
22,523
Households
2.1
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
47.9 sq mi
ZIP Area
999
Density / Sq Mi
$61,675
Median Household Income
$40,511
Median Earnings
$993
Median Rent
$250,000
Median Home Value
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Market
Properties on Market for Office buildings in Faulkner County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A welcoming lobby and multiple private rooms provide a flexible office layout.
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: 1,960‑square‑foot office building on a 0.34‑acre lot; Lobby plus 8 separate rooms; New HVAC installed in July 2025
