Office Building with Flexible
For Sale
$1,498,000
310 Thompson Ave, El Dorado, AR 71730
Partially leased commercial property with a 2024 roof and room for additional occupancy.
Property Size14,034 SF
Lot Size1.47 Acres
Price / SF$106.74
Days on Market82
Property Features for 310 Thompson Ave
General Information
Standard status
Active
Size
14,034 SF
Lot size
1.47 Acres
Property subtype
Commercial / Industrial
Listing Agency:
Jan's Realty
(870) 862-5435
Listed By:
Tra Cook
(870) 315-0170
Source:
Arprorealty
Added: Jul 27
Changed: Oct 12
Last Checked: Oct 16 at 8:58AM
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 Jan's Realty
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Investment Insights
Based on property information with market context.
Located at 310 Thompson Ave in El Dorado, this office building contains over 14,000 square feet on approximately 1.47 acres. Constructed in 1987, the property combines existing tenancy with vacant area that can support owner occupancy or additional tenants. Its adaptable configuration is suited to office, medical office, retail, service-oriented, or multi-tenant use.
A new roof completed in 2024 is a significant capital improvement. The sizable site provides ample parking and convenient access for clients and customers. With part of the building leased and remaining space available, the property offers a combination of current occupancy and flexible commercial functionality.
A new roof completed in 2024 is a significant capital improvement. The sizable site provides ample parking and convenient access for clients and customers. With part of the building leased and remaining space available, the property offers a combination of current occupancy and flexible commercial functionality.
Key Highlights
- Over 14,000 square feet of commercial space
- Approximately 1.47 acres
- Portion of the building is currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,743
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,694,860
$2.7M
Cap Rate 7%
$1,924,900
$1.9M
Cap Rate 9%
$1,497,144
$1.5M
Market Conditions
NOI Build-Up for 14,034 SF
Gross rent
$202.1K $14.40/SF
− Vacancy
−$22.4K −$1.60/SF
EGI
$179.7K $12.80/SF
− OpEx
−$44.9K −$3.20/SF
NOI
$134.7K $9.60/SF
Area
Union County, AR
Vacancy
11.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,694,860
Cap Rate 7%
$1,924,900
Cap Rate 9%
$1,497,144
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.25M
NOI $134,743 @ 7.0% cap · market cap 8.99%
Second Best
Healthcare Medical
$1.78M
$1.56M – $2.07M
NOI $124,411 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$2.57M
$2.25M – $2.99M
NOI $179,658 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,389
Businesses Nearby
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Business Placement
Demographics for 71730, AR
31,103
Population
13,774
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
88%
High-School Grad
457.4 sq mi
ZIP Area
68
Density / Sq Mi
$50,845
Median Household Income
$36,959
Median Earnings
$833
Median Rent
$123,200
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 building - Partially leased commercial property with a 2024 roof and room for additional occupancy.
Where is this office building located?
The property is located at 310 Thompson Ave El Dorado, AR.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Over 14,000 square feet of commercial space; Approximately 1.47 acres; Portion of the building is currently leased
