Warehouse with Upstairs
New
For Sale
$950,000
3205 Cimarron Dr, Conway, AR 72034
Commercial / Industrial, Conway, AR
Property Size11,170 SF
Lot Size2.00 Acres
Price / SF$85.05
Days on Market2
Property Features for 3205 Cimarron Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Interior features
Showers, Stairs
Exterior features
Partially Fenced, Overhead Doors
Fencing
Partial
Lot features
Level
Directions
Blaney Hill , left on Cimarron, building is 2nd on the right
Subdivision
CONWAY NORTHWEST
Standard status
Active
Size
11,170 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Description
Cimarron Park
Tax Annual Amount
6248
Legal Description
Cimarron Park
Building Details
Year built
2001
Floors in Building
2
Flooring type
Concrete, Tile
Roof type
Metal
Listing Agency:
Arkansas Real Estate Collective, Conway Branch
(501) 499-2097
Listed By:
Stefanie Schrekenhofer
(501) 428-3120
Added: Oct 16
Last Checked: Oct 17 at 3:06AM
MLS# 26041899
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 11,170-square-foot warehouse property includes 9,600 square feet of warehouse and shop area, along with offices, a conference room, and a kitchen. An apartment occupies the upper level. Overhead doors serve the work area, and the lot is partially fenced. Concrete and tile flooring, a metal roof, and showers are among the building features.
Built in 2001, the property received a new HVAC system and water heater three years ago. The two-acre site is in Conway, with access to I-40 nearby.
Built in 2001, the property received a new HVAC system and water heater three years ago. The two-acre site is in Conway, with access to I-40 nearby.
Key Highlights
- 11,170 square feet total, including 9,600 square feet of warehouse and shop area
- 2‑acre property with a partially fenced lot
- Upstairs apartment, offices, conference room, and kitchen
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
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Hugg & Hall Mobile Storage — Muskogee Rd, Conway, AR 72032
- Interstate RV and Boat Storage — 3200 Cimarron Dr, Conway, AR 72032
Frequently Asked Questions
What type of property is this?
Warehouse - A fenced two-acre property combines warehouse and shop space with offices and an upstairs residential unit.
Where is this warehouse located?
The property is located at 3205 Cimarron Dr 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: 11,170 square feet total, including 9,600 square feet of warehouse and shop area; 2‑acre property with a partially fenced lot; Upstairs apartment, offices, conference room, and kitchen
