Building Details

Year built 1976

Floors in Building 1

Listing Agency: LPT Realty Conway · RE/MAX International k***@remax.net Show Phone

Listed By: Robin Jones Show Phone

Added: Jun 10 Changed: Oct 5 Last Checked: Oct 26 at 5:06AM

Report an Issue

MLS# 26023276

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This office property includes 1,758 square feet of building area, parking, and approximately five acres of usable land. The site is currently operating as a wrecker service and provides space for vehicles, equipment, or fleet storage. Built in 1976, the property combines an established office component with substantial outdoor area.

An additional structure is located on the property and may be renovated for residential use, rental use, or expanded office space. The property is situated in Conway, Arkansas, within Faulkner County, and offers a flexible commercial configuration for continued operations or future adaptation.

Key Highlights

• 1,758 SF office property
• Approximately 5 usable acres
• Space for vehicle, equipment, or fleet storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,047

Cap Rate

5.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$440,940 $440.9K

Cap Rate 7%

$314,957 $315.0K

Cap Rate 9%

$244,967 $245.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,758 SF

Gross rent

$32.7K $18.60/SF

− Vacancy

−$3.3K −$1.88/SF

EGI

$29.4K $16.72/SF

− OpEx

−$7.3K −$4.18/SF

NOI

$22.0K $12.54/SF

Area

Faulkner County, AR

Vacancy

10.10%

Lease Rate

$18.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$440,940

Cap Rate 7%

$314,957

Cap Rate 9%

$244,967

Alternative Uses

Best Use

Office B

$315.0K

$275.6K – $367.5K (±1% cap)

NOI $22,047 @ 7.0% cap · market cap 5.58%

Second Best

Retail

$247.6K

$216.7K – $288.9K (±1% cap)

NOI $17,333 @ 7.0% cap · market cap 4.39%

Theoretical Best

Office A

$401.0K

$350.9K – $467.8K (±1% cap)

NOI $28,069 @ 7.0% cap · market cap 7.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Restaurant Parking Lot & Garage HVAC Service Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

66

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

See more

8-Room Office Building

2845 W Prince Street, Conway, AR 72034

$350,000

1,960 SF

View details

Office Building with Flexible Layout

1214 Clifton Street, Conway, AR 72034

$215,000

1,712 SF

View details

Office Building with Reception Area

1310 Prince Street, Conway, AR 72034

$199,990

1,278 SF

View details

Multi-Tenant Office Building

4055 Seraph Dr, Conway, AR 72034

$850,000

4,900 SF

View details

Retail-Office Building with I-40 Exposure

1180 Collier Dr, Conway, AR 72032

$1,375,000

6,342 SF

View details

Fully Leased Conway Office Building

575 Club Lane, Conway, AR

Contact for pricing

16,145 SF

View details

Class A Office Building

355 Ledgelawn Dr, Conway, AR 72034

Contact for pricing

55,480 SF

View details

Remodeled Duplex With Separate Entrance

1855 A & B Robins, Conway, AR 72034

$290,000

1,884 SF

View details

Leased Duplex with Wood Floors

325 Hereford Street, Conway, AR 72032

$185,000

1,795 SF

View details

Three-Bedroom Duplex with Patio

15 Brierwood Circle, Conway, AR 72034

$169,900

1,664 SF

View details

Occupied Two-Unit Duplex

820 & 822 Pine Street, Conway, AR 72032

$159,000

1,664 SF

View details

Day Care Center with Classrooms

2425 Tyler St, Conway, AR 72034

$353,900

2,520 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - Flexible commercial property includes office space, parking, and land for vehicle or equipment storage.

Where is this office building located?

The property is located at 42 Ranchette Conway, AR.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: 1,758 SF office property; Approximately 5 usable acres; Space for vehicle, equipment, or fleet storage