Office Units with 8
For Sale
$350,000
2845 W Prince Street, Conway, AR 72034
Commercial / Industrial, Conway, AR
Property Size1,960 SF
Lot Size0.34 Acres
Price / SF$178.57
Days on Market456
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
Subdivision
West Haven
Lot features
Level, Cleared, City Lot, Major Road Frontage
Directions
From I-40 and Oak Street go West on Oak St, take round about 1st exit at Donaghey, take round about 3rd exit at Prince St. Stay straight (2nd exit) on next 3 round abouts, go all the way around the round about at Salem Rd heading back East on Prince St. 2
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
Legal Description
Lot2 Westhaven Subdivision
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
Listed By:
Shery Ragsdale · License #SA00086850
(479) 857-3436
Added: Jul 18, 2025
Changed: Oct 5
Last Checked: Oct 16 at 11:06AM
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 property includes a main lobby and 8 separate rooms within a single-story commercial layout. The interior has vinyl flooring, while the building includes a shingle roof, partial fencing, and an accessible approach with ramp. HVAC was installed in July 2025, supporting current office occupancy and a range of professional service configurations.
Positioned at 2845 W Prince Street in Conway, the property is described as being on a high-traffic main street with signage opportunities. It is minutes from downtown and offers access to shopping, the University of Central Arkansas, and Conway Regional Hospital. The 0.34-acre site and wheelchair-accessible design add practical flexibility for office users, including medical, legal, insurance, title, and other service-oriented operations.
Positioned at 2845 W Prince Street in Conway, the property is described as being on a high-traffic main street with signage opportunities. It is minutes from downtown and offers access to shopping, the University of Central Arkansas, and Conway Regional Hospital. The 0.34-acre site and wheelchair-accessible design add practical flexibility for office users, including medical, legal, insurance, title, and other service-oriented operations.
Key Highlights
- 1,960‑square‑foot office property with 8 separate rooms
- Main lobby entrance supports a clear arrival point for visitors
- 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
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 authorities.
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Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Accessible office property with a lobby, adaptable room layout, and HVAC installed in 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 $350,000.
What are key features of this property?
This property features: 1,960‑square‑foot office property with 8 separate rooms; Main lobby entrance supports a clear arrival point for visitors; HVAC installed in July 2025
