Flex Space with Overhead
New
For Sale
$749,900
1041 Lantrip Road, Sherwood, AR 72120
Commercial / Industrial, Traditional, Sherwood, AR
Property Size9,000 SF
Lot Size0.82 Acres
Price / SF$83.32
Days on Market4
Property Features for 1041 Lantrip Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Parking
26
Interior features
Display Window, Kitchen Area, In-Unit Bathroom
Exterior features
Partially Fenced, Guttering, Overhead Doors
Fencing
Partial
Lot features
Level, Neighbor Business
Directions
I-67/167 to Brockington exit, then go to Warden road and turn right on Commercial Parkway, or Kiehl to Lantrip
Subdivision
SHERWOOD
Standard status
Active
Size
9,000 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 42 Sherwood Com Park PH I
Tax Annual Amount
5697
Legal Description
Lot 42 Sherwood Com Park PH I
Building Details
Year built
1998
Floors in Building
1
Flooring type
Vinyl, Concrete
Roof type
Metal
Architectural style
Other
Listing Agency:
Edge Realty
(501) 843-4663
Listed By:
Corbin Kidd
(501) 416-9669
Added: Aug 19
Last Checked: Aug 22 at 6:06PM
MLS# 26033915
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 9,000-square-foot flex property at 1041 Lantrip Road provides a connected mix of office, retail, and small-warehouse space. Four front entrances offer a path to reconfigure the building into approximately four 2,250-square-foot units, with an overhead door serving the rear of each area. Interior features include multiple offices and rooms, lobby and display areas, six bathrooms, kitchen areas, and a hand-washing station. Vinyl and concrete flooring, a metal roof, partial fencing, guttering, and overhead doors are also in place.
Built in 1998, the property occupies 0.82 acres in the Sherwood Commercial Park in Sherwood, Arkansas. Its C-4 General Commercial designation supports the existing office, retail, and small-warehouse configuration. The address is within ZIP code 72120 and Pulaski County.
Built in 1998, the property occupies 0.82 acres in the Sherwood Commercial Park in Sherwood, Arkansas. Its C-4 General Commercial designation supports the existing office, retail, and small-warehouse configuration. The address is within ZIP code 72120 and Pulaski County.
Key Highlights
- 9,000 square feet of connected office, retail, and small‑warehouse space
- 0.82‑acre property in Sherwood Commercial Park
- C‑4 General Commercial designation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,654
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,093,080
$1.1M
Cap Rate 7%
$780,771
$780.8K
Cap Rate 9%
$607,267
$607.3K
Market Conditions
NOI Build-Up for 9,000 SF
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.
Gross rent
$89.6K $9.96/SF
− Vacancy
−$5.6K −$0.62/SF
EGI
$84.1K $9.34/SF
− OpEx
−$29.4K −$3.27/SF
NOI
$54.7K $6.07/SF
Area
Pulaski County, AR
Vacancy
6.20%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,093,080
Cap Rate 7%
$780,771
Cap Rate 9%
$607,267
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.38M
NOI $83,056 @ 7.0% cap · market cap 11.08%
Second Best
Office B
$1.08M
$940.9K – $1.25M
NOI $75,269 @ 7.0% cap · market cap 10.04%
Theoretical Best
Specialty Retail
$1.72M
$1.50M – $2.00M
NOI $120,173 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - C-4 General Commercial property combines office, retail, and small-warehouse areas.
Where is this flex space located?
The property is located at 1041 Lantrip Road Sherwood, AR.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 9,000 square feet of connected office, retail, and small‑warehouse space; 0.82‑acre property in Sherwood Commercial Park; C‑4 General Commercial designation
