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    Well-Located Office Building For Sale Title is generated by Realmo AI

    2988 W Huntsville Avenue, Springdale, AR 72762

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    For Sale
    $1,090,000

    Office building with flexible owner financing and tenant occupancy.

    Type:Commercial/Industrial
    Property size:
    4,320 SF
    Price / SF:
    $252/SF
    Added:
    Aug 27, 2025
    Days on Market:
    280
    Last Refresh:
    Apr 8 at 1:43 am

    Property Features for 2988 W Huntsville Avenue

    General Information

    Standard status
    Active
    Size
    4,320 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    Tom Joseph

    Listing agent Tom Joseph License #SA44924-D01

    Listing office The Griffin Company Commercial Division-Springdale

    Listing date Aug 27, 2025

    Source Exitrealty

    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 The Griffin Company Commercial Division-Springdale

    HighLights

    • Rare non‑recourse loan available with owner financing
    • Well‑located office building, approximately 1.5 miles east of I‑49
    • Excellent newer finish out in the 3 suites
    • Low maintenance building with metal roof and glass front
    • Solid traffic and convenient access for service‑oriented tenants/owner occupant
    • Large area concrete parking

    Overview

    This well-maintained office building, situated approximately 1.5 miles east of I-49 along the north side of Huntsville Rd and just west of Central Junior High, features newer finishes in its three suites. The low-maintenance building includes a metal roof, glass front, and a large concrete parking area. The current tenants have been in place for years and are currently on a month-to-month basis. The property offers solid traffic and convenient access, making it suitable for service-oriented tenants or an owner-occupant. The building has a total size of 4,320 square feet. Owner financing is available with terms that include 25% down, 3-5 years interest only with 20 year amortization at 6% interest. Terms may be flexible.

    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 $93.3k $21.60
    − Vacancy −$6.3k −$1.47
    EGI $87.0k $20.13
    − OpEx −$21.7k −$5.03
    NOI $65.2k $15.10
    4,320 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $931.8K
    $815.3K – $1.09M (±1% cap)
    NOI $65,225 @ 7.0% cap · market cap 5.98%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.16M
    $1.01M – $1.35M (±1% cap)
    NOI $81,169 @ 7.0% cap · market cap 7.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Lucas Capital Group Financial Advisor Enhanced Healthcare of the Ozarks Medical Clinic John L. Keller, ... Alternative Medicine Practice Keller Chiropractic Clinic Alternative Medicine Practice Leah Carrington Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Washington
    State
    Arkansas
    Longitude
    -94.163676
    Latitude
    36.189677

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    FAQs

    What type of property is this?
    Office building - Office building with flexible owner financing and tenant occupancy.
    Where is this office building located?
    The property is located at 2988 W Huntsville Avenue Springdale, AR.
    What is the asking price?
    The asking price for this property is $1,090,000.
    What are key features of this property?
    This property features: Rare non‑recourse loan available with owner financing; Well‑located office building, approximately 1.5 miles east of I‑49; Excellent newer finish out in the 3 suites
    (479) 236-2298
    We can help!
    Listing Contact
    Tom Joseph
    Real Estate License ID: SA44924-D01
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2988 W Huntsville Avenue, Springdale, AR 72762
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