Mixed-Use Building with Warehouse
For Sale
$950,000
3205 Cimarron, Conway, AR 72032
The property pairs shop and office areas with a full apartment on the upper level.
Property Size11,170 SF
Lot Size2.00 Acres
Price / SF$85.05
Days on Market16
Property Features for 3205 Cimarron
General Information
Standard status
Active
Size
11,170 SF
Lot size
2.00 Acres
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Warehouse Space
9,600 SF
Property Use
Industrial Commercial
Taxes and HOA fees
Annual Taxes
$6,247
Amenities
offices
conference room
kitchen
full apartment upstairs
Listing Agency:
Arkansas Real Estate Collective, Conway Branch
(501) 499-2097
Listed By:
Stefanie Schrekenhofer
(501) 428-3120
Source:
Exprealty
Added: Oct 16
Changed: Oct 29
Last Checked: Oct 30 at 4:39PM
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 Arkansas Real Estate Collective, Conway Branch
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Investment Insights
Based on property information with market context.
This mixed-use property contains 9,600 square feet of warehouse and shop area within an 11,170-square-foot building. The layout also includes offices, a conference room, a kitchen, and a full apartment upstairs. A fenced lot and overhead doors are part of the property. HVAC and the water heater were installed three years ago.
The property is near access to I-40.
The property is near access to I-40.
Key Highlights
- 9,600 square feet of warehouse and shop area
- 11,170‑square‑foot total property size
- Two‑acre fenced lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,859
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,180
$1.7M
Cap Rate 7%
$1,197,986
$1.2M
Cap Rate 9%
$931,767
$931.8K
Market Conditions
NOI Build-Up for 11,170 SF
Gross rent
$147.4K $13.20/SF
− Vacancy
−$13.3K −$1.19/SF
EGI
$134.2K $12.01/SF
− OpEx
−$50.3K −$4.50/SF
NOI
$83.9K $7.51/SF
Area
Faulkner County, AR
Vacancy
9.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,180
Cap Rate 7%
$1,197,986
Cap Rate 9%
$931,767
Alternative Uses
Best Use
Mixed Use
$1.20M
$1.05M – $1.40M
NOI $83,859 @ 7.0% cap · market cap 8.83%
Second Best
Warehouse
$729.2K
$638.0K – $850.7K
NOI $51,042 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,343 @ 7.0% cap · market cap 18.77%
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
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
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Business Placement
Demographics for 72032, AR
34,316
Population
14,255
Households
2.4
Avg Household Size
35
Median Age
27%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
300
Density / Sq Mi
$61,452
Median Household Income
$36,877
Median Earnings
$976
Median Rent
$183,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs shop and office areas with a full apartment on the upper level.
Where is this mixed-use property located?
The property is located at 3205 Cimarron Conway, AR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 9,600 square feet of warehouse and shop area; 11,170‑square‑foot total property size; Two‑acre fenced lot
