Fully Leased Conway Office
575 Club Lane, Conway, AR
For Sale
Contact for pricing
Fully leased office building on 1.86 acres in Conway.
Property Size16,145 SF
Lot Size1.86 Acres
Price / SF$161.04
Days on Market368
Property Features for 575 Club Lane
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Engage Management, LLC
Listed By:
Jay Salter
(501) 327-5035
Source:
Moodyscre
Added: Nov 4, 2025
Changed: Oct 25
Last Checked: Nov 6 at 6:28AM
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 Engage Management, LLC
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Investment Insights
Based on property information with market context.
This fully leased office building is situated on Lot 7D of the Serman Replat Lot 7 of Sherman Heights PUD in Faulkner County, Conway, Arkansas. The gross land area encompasses 1.86 acres. The property is zoned O-2 and contains 16,145 square feet.
Key Highlights
- Fully Leased
- 1.86 Acre Lot
- Located in Conway, Arkansas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,475
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,049,500
$4.0M
Cap Rate 7%
$2,892,500
$2.9M
Cap Rate 9%
$2,249,722
$2.2M
Market Conditions
NOI Build-Up for 16,145 SF
Gross rent
$300.3K $18.60/SF
− Vacancy
−$30.3K −$1.88/SF
EGI
$270.0K $16.72/SF
− OpEx
−$67.5K −$4.18/SF
NOI
$202.5K $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%
$4,049,500
Cap Rate 7%
$2,892,500
Cap Rate 9%
$2,249,722
Alternative Uses
Best Use
Office B
$2.89M
$2.53M – $3.37M
NOI $202,475 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.68M
$3.22M – $4.30M
NOI $257,775 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
658
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Business Placement
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Market
Properties on Market for Office buildings in Faulkner County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office building on 1.86 acres in Conway.
Where is this office building located?
The property is located at 575 Club Lane Conway, AR.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Fully Leased; 1.86 Acre Lot; Located in Conway, Arkansas
