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1479 Executive Pl 6,343 SF 100% Leased Office Building Springdale, AR 72762 $1,300,000 ($204.95/SF) 6.20% Cap Rate
Investment Highlights
- 3-unit office building. All units occupied.
- Positioned just off Sunset Avenue, next to the post office.
- Conveniently located between I-49 and Hwy 71B.
- Prime office building located in the heart of Springdale.
- Strong visibility and accessibility in a high-demand commercial area.
Executive Summary
Prime office building now available in the heart of Springdale. It's estimated value of $1,492,000 is based on Springdale County Assessor. Appraised for $1,056,000 in 2022, an appraisal that is available upon request. The building has 3 units which are all tenant occupied. Suite A has 8 offices/conference room, a waiting room, a data room, a break room, and a common area. It shares a restroom with Suite B, which has a welcome area, 6 offices/conference rooms, and a break room. Suite C has 4 offices/conference rooms, a storage room, and its own restroom. Located just off Sunset Avenue next to the post office, midway between I-49 and Hwy 71B.
Property Facts Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Building Size
6,343 SF
Building Class
B
Year Built
2009
Price
$1,300,000
Price Per SF
$204.95
Cap Rate
6.20%
NOI
$80,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,343 SF
Building FAR
0.21
Lot Size
0.69 AC
Zoning
C2
Parking
18 Spaces (2.8 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Accounting Solutions Of Northwest Arkansas
- Professional, Scientific, and Technical Services
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- BR Management Services
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- Finance and Insurance
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Brown & Brown Insurance began in 1939 in Florida and has grown into a global insurance brokerage. The company provides various services including property and casualty insurance, employee benefits consulting, and personal insurance options. They operate through numerous subsidiaries and have a significant presence in the US insurance market. Their business model focuses on both commercial and individual clients across multiple industry sectors .
- Kenneth N. Hall
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- Liberty Contractors
- Construction
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- $20.75
- Modified Gross
- Jun 2025
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Accounting Solutions Of Northwest Arkansas | Professional, Scientific, and Technical Services | - | - | - | - | |
| BR Management Services | - | - | - | - | - | |
|
|
Finance and Insurance | - | - | - | - | |
| Kenneth N. Hall | - | - | - | - | - | |
| Liberty Contractors | Construction | - | $20.75 | Modified Gross | Jun 2025 |
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Property Taxes
| Parcel Number | 001-14482-000 | Improvements Assessment | $11,860 |
| Land Assessment | $8,250 | Total Assessment | $20,110 |
Property Taxes
Parcel Number
001-14482-000
Land Assessment
$8,250
Improvements Assessment
$11,860
Total Assessment
$20,110
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1479 Executive Pl
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