Turnkey Professional
For Sale
$265,000
Pending
704 W Meadow Ave, Springdale, AR 72764
Well-appointed office set up for immediate occupancy with front and side parking in a Form Based Code district.
Property Size1,250 SF
Days on Market38
Property Features for 704 W Meadow Ave
General Information
Standard status
Pending
Size
1,250 SF
Zoning
Springdale Form Based Code District
Listing Agency:
M. Overton Realty and Property Management, LLC
(479) 756-3380
Listed By:
Michael Overton · License #PB00034984
(479) 756-3380
Source:
Exprealty
Added: Jun 29
Changed: Jul 22
Last Checked: Jul 31 at 4:00PM
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 M. Overton Realty and Property Management, LLC
Investment Insights
Based on property information with market context.
This well-appointed professional office is presented as a turnkey space, set up for immediate occupancy. The property has been used as an accounting office for a long while and includes several updates. Parking is available in both the front and side areas, supporting convenient day-to-day access.
Located at 704 W Meadow Ave in Springdale, the office sits within the busy Springdale Form Based Code District. It is adjacent to busy downtown Emma Ave, providing proximity to an active commercial area.
The interior configuration and updates support continued professional office use, with the property currently described as ready to operate upon occupancy.
Located at 704 W Meadow Ave in Springdale, the office sits within the busy Springdale Form Based Code District. It is adjacent to busy downtown Emma Ave, providing proximity to an active commercial area.
The interior configuration and updates support continued professional office use, with the property currently described as ready to operate upon occupancy.
Key Highlights
- Well‑appointed professional office set up for immediate occupancy
- Front and side parking
- Located in a Springdale Form Based Code district
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 | $27.0k | $21.60 |
| − Vacancy | −$1.8k | −$1.47 |
| EGI | $25.2k | $20.13 |
| − OpEx | −$6.3k | −$5.03 |
| NOI | $18.9k | $15.10 |
1,250 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$269.6K
$235.9K – $314.6K
NOI $18,873 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$335.5K
$293.6K – $391.4K
NOI $23,486 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
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 units - Well-appointed office set up for immediate occupancy with front and side parking in a Form Based Code district.
Where is this office units located?
The property is located at 704 W Meadow Ave Springdale, AR.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Well‑appointed professional office set up for immediate occupancy; Front and side parking; Located in a Springdale Form Based Code district
