1507 E Race Ave, Searcy, AR 72143
For Sale
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This exceptional 10,000 square foot multi-tenant office building presents a compelling value-add investment opportunity in Searcy, Arkansas. Currently 66% occupied, the property features 3,450 square feet of immediately available space, complemented by existing leases with established tenants, including State Farm and Restore Hope. The building boasts 14 private offices, a spacious reception and waiting area, ample storage including a dedicated server/file room, and convenient on-site parking. Its prime location on East Race Avenue offers excellent visibility and accessibility, situated near Harding University, downtown Searcy, and numerous restaurants and businesses. The flexible layout allows for customization to suit various business needs, making it ideal for both established companies seeking expansion and new ventures seeking a well-appointed space. This triple-net (NNN) leased property offers a strong potential for increased occupancy and rental income, representing a significant opportunity for investors seeking a stable and growing asset in a thriving Arkansas community. The property's versatile design, coupled with its strategic location, makes it an attractive option for a wide range of businesses, from medical practices to traditional offices and counseling services. This is a rare chance to acquire a well-maintained, high-traffic office building in a desirable area of Searcy.
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Re/Max Advantage: Laws Eddie Real Estate Agency
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ATM (Regions Bank) Atm
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Families Inc Family Counselor
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Leah Norton Foster Care Service Social Service Agency
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Brian Mcglenn Counselor Social Worker
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.