Office Building with Flex
New
For Sale
$315,000
618 S Knoxville Avenue, Russellville, AR 72801
CommercialSale, Russellville, AR
Property Size2,350 SF
Lot Size0.33 Acres
Price / SF$134.04
Days on Market3
Property Features for 618 S Knoxville Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
From West Main, South on S knoxville (hwy 7t), property on right
Standard status
Active
APN
856-00015-000C
Size
2,350 SF
Lot size
0.33 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Description
PT SE NE CITY OF RUSSELLVILLE
Tax Annual Amount
1749
Legal Description
PT SE NE CITY OF RUSSELLVILLE
Building Details
Year built
2000
Listing Agency:
River Valley Realty, Inc
(479) 968-6260
Listed By:
Chris Abington · License #PB00051512
(479) 264-1195
Added: Oct 29
Last Checked: Oct 31 at 12:06AM
MLS# 1366590
Copyright © 2026 ArkansasONE MLS. 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.
Built in 2000, this 2,350-square-foot office building sits on a 0.33-acre parcel. The interior includes a reception area, five private offices, and a central conference and flex room that can serve meeting or office functions.
The property is at 618 S Knoxville Avenue in Russellville, with signage along Hwy 7 and parking behind the building.
The property is at 618 S Knoxville Avenue in Russellville, with signage along Hwy 7 and parking behind the building.
Key Highlights
- 2,350‑square‑foot office building on a 0.33‑acre parcel
- Five private offices, reception area, and a central conference/flex room
- Highway signage along Hwy 7
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,697
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,940
$413.9K
Cap Rate 7%
$295,671
$295.7K
Cap Rate 9%
$229,967
$230.0K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$29.6K $12.60/SF
− Vacancy
−$2.0K −$0.86/SF
EGI
$27.6K $11.74/SF
− OpEx
−$6.9K −$2.94/SF
NOI
$20.7K $8.81/SF
Area
Pope County, AR
Vacancy
6.80%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,940
Cap Rate 7%
$295,671
Cap Rate 9%
$229,967
Alternative Uses
Best Use
Office B
$295.7K
$258.7K – $345.0K
NOI $20,697 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.5K
$328.5K – $438.0K
NOI $26,282 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Explore this area
Business Placement
Demographics for 72801, AR
18,510
Population
7,530
Households
2.5
Avg Household Size
29
Median Age
26%
College-Educated
82%
High-School Grad
8.0 sq mi
ZIP Area
2,314
Density / Sq Mi
$42,363
Median Household Income
$22,473
Median Earnings
$837
Median Rent
$153,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A reception area and five separate offices complement a central room configured for meetings or adaptable workspace.
Where is this office building located?
The property is located at 618 S Knoxville Avenue Russellville, AR.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2,350‑square‑foot office building on a 0.33‑acre parcel; Five private offices, reception area, and a central conference/flex room; Highway signage along Hwy 7
