980 Runway Drive Conway, AR 72032
980 Runway Drive, Conway, AR, 72032
$1,600,000
For Sale
$1,600,000
Flex space
Property Size12,794 SF
Price / SF$125.06
Days on Market243
Property Features for 980 Runway Drive
General Information
- Standard status
- Active
- Size
- 12,794 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing Agency
Moses Tucker Partners
(501) 358-8280
Listed by
Clint Bailey · License #SA00073895
(501) 358-8280
Source
Proeliterealty
Added: Nov 17, 2025 Checked: Jul 18 at 3:54 am
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 Moses Tucker Partners
Investment Insights
Based on property information with market context.
Key Highlights
- 12,794 SF flexible industrial building built in 2008 with open‑span warehouse for racking, equipment, or production workflows
- 11 offices plus a conference room and training center; five bathrooms including two office suites and two with showers
- State‑of‑the‑art Avigilon security system with full facility coverage; more than $25,000 invested
Local Financial Insights For Flex RnD
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 | $127.4k | $9.96 |
| − Vacancy | −$7.9k | −$0.62 |
| EGI | $119.5k | $9.34 |
| − OpEx | −$41.8k | −$3.27 |
| NOI | $77.7k | $6.07 |
12,794 SF · lease $9.96/SF/yr · vacancy 6.20% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.11M
$971.2K – $1.29M
NOI $77,693 @ 7.0% cap · market cap 4.86%
Second Best
Warehouse
$835.2K
$730.8K – $974.4K
NOI $58,463 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,272 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
Where is this flex space located?
The property is located at 980 Runway Drive Conway, AR.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 12,794 SF flexible industrial building built in 2008 with open‑span warehouse for racking, equipment, or production workflows; 11 offices plus a conference room and training center; five bathrooms including two office suites and two with showers; State‑of‑the‑art Avigilon security system with full facility coverage; more than $25,000 invested
