Multi-Tenant Office
For Sale
Contact for pricing
4055 Seraph Drive, Conway, AR 72034
Fully occupied multi-tenant office building with surface parking and frontage on two major roads.
Property Size4,900 SF
Lot Size0.53 Acres
Price / SF$173.47
Days on Market59
Property Features for 4055 Seraph Drive
General Information
Standard status
Active
Size
4,900 SF
Total Parking Spaces
24
Lot size
0.53 Acres
Property subtype
Office
Occupancy
100%
Site & Location
Traffic Count
28,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
Moses Tucker Partners
(501) 358-8280
Listed By:
Clint Bailey · License #SA00073895
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 5 at 10:45AM
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 Moses Tucker Partners
Investment Insights
Based on property information with market context.
This multi-tenant office building was built in 2004 and totals approximately 4,900 SF, situated on about 0.53 acres. The property is 100% occupied and designed to support multiple office tenants. Parking is available in a 24-space surface lot, providing straightforward access for employees and visitors.
The building benefits from prominent frontage on College Avenue and Hogan Lane, with approximately 187 feet on College Avenue and 124 feet on Hogan Lane. It is positioned at a signalized intersection and is supported by reported traffic counts of roughly 13,000 VPD on College Avenue and 15,000 VPD on Hogan Lane, supporting strong visibility for businesses seeking convenient drive-by access. The listing also notes monument signage opportunities.
As a for-sale asset, this office property may appeal to tenants or buyers seeking a stabilized, income-producing office setup with established parking and direct access to two high-traffic corridors in Conway, Arkansas. Its suburban office, medical, and residential positioning can be suitable for professional services that benefit from easy regional access and day-to-day visibility to motorists.
The building benefits from prominent frontage on College Avenue and Hogan Lane, with approximately 187 feet on College Avenue and 124 feet on Hogan Lane. It is positioned at a signalized intersection and is supported by reported traffic counts of roughly 13,000 VPD on College Avenue and 15,000 VPD on Hogan Lane, supporting strong visibility for businesses seeking convenient drive-by access. The listing also notes monument signage opportunities.
As a for-sale asset, this office property may appeal to tenants or buyers seeking a stabilized, income-producing office setup with established parking and direct access to two high-traffic corridors in Conway, Arkansas. Its suburban office, medical, and residential positioning can be suitable for professional services that benefit from easy regional access and day-to-day visibility to motorists.
Key Highlights
- Fully occupied 2004 multi‑tenant office building in Conway, AR.
- ±4,900 SF building on ±10.53 acres with 24 surface parking spaces.
- Frontage on College Ave (187 ft) and Hogan Ln (124 ft) at a signalized intersection.
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 | $91.1k | $18.60 |
| − Vacancy | −$9.2k | −$1.88 |
| EGI | $81.9k | $16.72 |
| − OpEx | −$20.5k | −$4.18 |
| NOI | $61.5k | $12.54 |
4,900 SF · lease $18.60/SF/yr · vacancy 10.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$877.9K
$768.1K – $1.02M
NOI $61,451 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$977.9K – $1.30M
NOI $78,235 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
304
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully occupied multi-tenant office building with surface parking and frontage on two major roads.
Where is this office building located?
The property is located at 4055 Seraph Drive Conway, AR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully occupied 2004 multi‑tenant office building in Conway, AR.; ±4,900 SF building on ±10.53 acres with 24 surface parking spaces.; Frontage on College Ave (187 ft) and Hogan Ln (124 ft) at a signalized intersection.
