Building Details

Year Built 1953

Listing Agency: Lindsey & Assoc Inc Branch Show Phone

Listed By: Brooke Hernandez Show Phone

Source: District3

Added: Sep 6 Changed: Oct 23 Last Checked: Oct 24 at 4:33PM

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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 Lindsey & Assoc Inc Branch

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Investment Insights

Based on property information with market context.

This 2,163-square-foot office building in Cave Springs was constructed in 1953 and arranged with three private offices plus two common areas. The configuration provides a combination of individual workrooms and shared space within a freestanding commercial property.

Located at 706 S Main St, the property offers access from Highway 112 and includes a large gravel parking area behind the building. The rear area accommodates employee and customer vehicles as well as trailers and equipment, making the property suitable for office users with additional parking or outdoor storage needs.

Key Highlights

• 2,163‑square‑foot office building constructed in 1953
• Three private offices and two common areas
• Large gravel parking area behind the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,565

Suggested Prices Based on Cap Rates

Cap Rate 5%

$671,300 $671.3K

Cap Rate 7%

$479,500 $479.5K

Cap Rate 9%

$372,944 $372.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,163 SF

Gross rent

$48.0K $22.20/SF

− Vacancy

−$3.3K −$1.51/SF

EGI

$44.8K $20.69/SF

− OpEx

−$11.2K −$5.17/SF

NOI

$33.6K $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 Rate 5%

$671,300

Cap Rate 7%

$479,500

Cap Rate 9%

$372,944

Alternative Uses

Best Use

Office B

$479.5K

$419.6K – $559.4K (±1% cap)

NOI $33,565 @ 7.0% cap · market cap 197,441.18%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$594.4K

$520.1K – $693.5K (±1% cap)

NOI $41,609 @ 7.0% cap · market cap 244,758.82%

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

Sooner Sod Garden Center

Suggested Use

Top Pick Dental Office Real Estate Agency Auto Parts Store HVAC Service Electrical Service Pharmacy

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

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

62

Businesses Nearby

Explore this area Business Placement

Demographics for 72718, AR

4,914

Population

1,823

Households

2.7

Avg Household Size

33

Median Age

53%

College-Educated

98%

High-School Grad

5.7 sq mi

ZIP Area

862

Density / Sq Mi

$141,404

Median Household Income

$65,841

Median Earnings

$2,099

Median Rent

$407,200

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

Frequently Asked Questions

What type of property is this?

Office building - Flexible office arrangement with private rooms, shared areas, and rear gravel parking for vehicles, trailers, and equipment.

Where is this office building located?

The property is located at 706 S Main St Cave Springs, AR.

What are key features of this property?

This property features: 2,163‑square‑foot office building constructed in 1953; Three private offices and two common areas; Large gravel parking area behind the building