Office Building with Multiple
For Sale
$739,900
715 N El Paso Avenue, Russellville, AR 72801
Updated professional space includes more than ten offices, meeting and break areas, and multiple bathrooms.
Property Size3,536 SF
Lot Size1.30 Acres
Price / SF$209.25
Days on Market10
Property Features for 715 N El Paso Avenue
General Information
Standard status
Active
Size
3,536 SF
Lot size
1.30 Acres
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
Arkansas Real Estate Collective
Listed By:
The Wetzel Group · License #AVWetzelGroup
(479) 280-1999
Source:
Mcmullenrealtynwa
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 9 at 5:08PM
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 Arkansas Real Estate Collective
Investment Insights
Based on property information with market context.
This 3,536-square-foot office building sits on 1.3 acres and was built in 1970. The updated interior contains more than ten offices, multiple bathrooms, and designated areas for meetings and breaks. On-site parking serves the property, and the lot provides additional room around the building.
The property is in Russellville, near Arkansas Tech University and Downtown Russellville.
The property is in Russellville, near Arkansas Tech University and Downtown Russellville.
Key Highlights
- 3,536‑square‑foot office building on 1.3 acres
- More than ten office spaces
- Updated interior with multiple bathrooms and areas for meetings and breaks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,143
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,860
$622.9K
Cap Rate 7%
$444,900
$444.9K
Cap Rate 9%
$346,033
$346.0K
Market Conditions
NOI Build-Up for 3,536 SF
Gross rent
$44.6K $12.60/SF
− Vacancy
−$3.0K −$0.86/SF
EGI
$41.5K $11.74/SF
− OpEx
−$10.4K −$2.94/SF
NOI
$31.1K $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%
$622,860
Cap Rate 7%
$444,900
Cap Rate 9%
$346,033
Alternative Uses
Best Use
Office B
$444.9K
$389.3K – $519.1K
NOI $31,143 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.0K
$494.3K – $659.1K
NOI $39,547 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
984
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Updated professional space includes more than ten offices, meeting and break areas, and multiple bathrooms.
Where is this office building located?
The property is located at 715 N El Paso Avenue Russellville, AR.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: 3,536‑square‑foot office building on 1.3 acres; More than ten office spaces; Updated interior with multiple bathrooms and areas for meetings and breaks
