Office Building with Renovated
For Sale
Contact for pricing
519 Latham Dr, Lowell, AR 72745
Office building on approximately 4.98 acres with a 40,000 SF footprint and recently renovated interior spaces.
Property Size40,000 SF
Lot Size4.98 Acres
Price / SF$262.50
Days on Market239
Property Features for 519 Latham Dr
General Information
Standard status
Active
Size
40,000 SF
Lot size
4.98 Acres
Property subtype
OFFICE
Building Details
Year Built
2006
Year Renovated
2023
Buildings
1
Building Size
40,000 SF
Listing Agency:
Colliers - Rogers
(479) 636-9000
Listed By:
Katie Hampton · License #SA00065190
Source:
Moodyscre
Added: Dec 15, 2025
Changed: Jul 29
Last Checked: Jul 29 at 5:59PM
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 Colliers - Rogers
Investment Insights
Based on property information with market context.
519 Latham Drive is a 40,000 SF office building on +/- 4.98 acres in Lowell, Arkansas. The building was constructed in 2006, and the interior was recently renovated in 2023, supporting modern day-to-day workplace use.
The property is centrally located within Northwest Arkansas and sits in the Lowell submarket described as heavily trafficked. It is bordered by J.B. Hunt Transport corporate headquarters and dense multifamily and residential neighborhoods, with access benefits from its proximity to major regional employers and national retail brands referenced in the surrounding market narrative.
The property is centrally located within Northwest Arkansas and sits in the Lowell submarket described as heavily trafficked. It is bordered by J.B. Hunt Transport corporate headquarters and dense multifamily and residential neighborhoods, with access benefits from its proximity to major regional employers and national retail brands referenced in the surrounding market narrative.
Key Highlights
- 40,000 SF office building on +/- 4.98 acres
- Constructed in 2006
- Interior renovated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$620,712
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,414,240
$12.4M
Cap Rate 7%
$8,867,314
$8.9M
Cap Rate 9%
$6,896,800
$6.9M
Market Conditions
NOI Build-Up for 40,000 SF
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.
Gross rent
$888.0K $22.20/SF
− Vacancy
−$60.4K −$1.51/SF
EGI
$827.6K $20.69/SF
− OpEx
−$206.9K −$5.17/SF
NOI
$620.7K $15.52/SF
Area
Benton County, AR
Vacancy
6.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,414,240
Cap Rate 7%
$8,867,314
Cap Rate 9%
$6,896,800
Alternative Uses
Best Use
Office B
$8.87M
$7.76M – $10.35M
NOI $620,712 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.99M
$9.62M – $12.82M
NOI $769,459 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
Demographics for 72745, AR
13,371
Population
5,324
Households
2.5
Avg Household Size
35
Median Age
26%
College-Educated
85%
High-School Grad
31.8 sq mi
ZIP Area
420
Density / Sq Mi
$88,958
Median Household Income
$49,144
Median Earnings
$1,119
Median Rent
$255,700
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 - Office building on approximately 4.98 acres with a 40,000 SF footprint and recently renovated interior spaces.
Where is this office building located?
The property is located at 519 Latham Dr Lowell, AR.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: 40,000 SF office building on +/- 4.98 acres; Constructed in 2006; Interior renovated in 2023
