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Property profile & analytics
FOR SALE
Office buildings

355 Ledgelawn Dr Conway, AR 72034

151,722 SF 22.88 ac lot Built 2009
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US05-0384398
Property summary
AI-generated overview

This prestigious, LEED-certified Class A office building in Conway, Arkansas, offers 150,000 square feet of versatile space, perfect for owner-users or lease. Built in 2009, this two-story building sits on a spacious 22.88-acre lot, allowing for future expansion. The property features a modern, open floor plan easily adaptable to various needs, including the possibility of subdividing the space for smaller tenants (minimum 10,000 sq ft). High-end amenities include LED lighting with proximity sensors, sound masking, and a robust 1500 kW 3-phase generator ensuring reliable power. The HVAC system is zoned for efficient demising of lease spaces. Employees will enjoy a state-of-the-art fitness facility, cafeteria/restaurant, dining area, game room, outdoor volleyball court, and patio. This exceptional property provides a perfect blend of professional functionality and employee well-being in a tranquil campus setting. The building is currently vacant and available for occupancy September 18, 2024. The property's address is 355 Ledgelawn Drive, Conway, AR 72034, and the APN is 711-08176-108. Contact for pricing details.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2009
Total area 151,722 SF
Lot 22.88 ac (996,653 SF)
APN 711-08176-108
UPID US05-0384398
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Florence Insurance Agency Insurance Agency
  • Gainwell Technologies Corporate Office
  • DXC Technology Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$17.03M
Blend (final) Blend
$15.39M
Owner & transaction history
City Of Conway Arkansas · 6 yrs held
City Of Conway Arkansas
since 2019
4 recorded transactions
2020
Price N/A
2019
Price N/A
2008
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $22.0M +29.3%
Retail stores $17.8M +4.5%
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