Listed office properties for sale greater than 20,000 square feet in NWA were included in the search. Excluding 809 SW A Street in downtown Bentonville, asking prices range from $125 psf to $193 psf. Downtown Bentonville prices are exponentially greater than the surrounding area.
The best value of the listed properties is 710 W. Roselawn. The property is $125 psf with a parking ratio of approximately 10 spaces per 1,000 square feet of building. Most building have a ratio of 3.3 / 1,000. However, the location is not the best for the majority of tenants. It is a perfect building for a corporate headquarters.
Most buyers must evaluate new construction compared to the purchase of an existing building and the required retrofit cost to make the building leasable to multiple tenants. Generally, it is more cost effective to retrofit a building than build new.