Climate-Controlled Flex
For Sale
$800,000
17644 Highway 37, Garfield, AR 72732
CommercialSale, Garfield, AR
Property Size6,000 SF
Lot Size4.50 Acres
Price / SF$133.33
Days on Market426
Property Features for 17644 Highway 37
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
30
Exterior features
Storage
Appliances
ElectricWaterHeater
Directions
Take Central/AR-72 East, Keep left to continue on Lee Town Rd, Turn right onto AR-72 E, Turn left onto US-62 E, Turn left onto State Hwy 37 N, Destination will be on the right.
Standard status
Active
APN
24-00001-001
Size
6,000 SF
Lot size
4.50 Acres
Taxes and HOA fees
Tax Description
See supplements for full legal description
Tax Annual Amount
4466
Legal Description
See supplements for full legal description
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Zoned, Central Air, Electric
Water source
Public
Amenities
full foam insulation
climate-controlled
oversized offices
conference room
kitchenette
reception area
overhead doors
Building Details
Year built
2023
Floors in Building
2
Flooring type
Concrete, Vinyl
Building materials
MetalSiding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
The Brandon Group
Listed By:
Sumer Brandon · License #PB00063728
(479) 787-3080
Added: Jul 29, 2025
Changed: Sep 17
Last Checked: Sep 27 at 8:06PM
MLS# 1315658
Copyright © 2026 ArkansasONE MLS. 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.
Built in 2023 on 4.50 level acres, this 6,000-square-foot flex property combines climate-controlled warehouse, office, and operational space. Full foam insulation supports year-round use, while three oversized offices, 2.5 bathrooms, a conference room, kitchenette, and sizable reception area with tall ceilings create a practical front-of-house layout. Concrete and vinyl flooring, metal siding, a metal roof, central heating and cooling, and zoned cooling are included.
The warehouse is served by two 14x18 overhead doors and provides room for storage, handling, and business operations. Employee and visitor parking is available, and the property offers highway frontage along Highway 37 in Garfield, Arkansas. Public water, septic service, and propane are present.
The warehouse is served by two 14x18 overhead doors and provides room for storage, handling, and business operations. Employee and visitor parking is available, and the property offers highway frontage along Highway 37 in Garfield, Arkansas. Public water, septic service, and propane are present.
Key Highlights
- 6,000 square feet of climate‑controlled warehouse, office, and flex space
- Situated on 4.50 level acres with Highway 37 frontage
- Two 14x18 overhead doors support warehouse access and logistics
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
$60,803
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
7.60%
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%
$1,216,060
$1.2M
Cap Rate 7%
$868,614
$868.6K
Cap Rate 9%
$675,589
$675.6K
Market Conditions
NOI Build-Up for 6,000 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
$100.8K $16.80/SF
− Vacancy
−$7.3K −$1.21/SF
EGI
$93.5K $15.59/SF
− OpEx
−$32.7K −$5.46/SF
NOI
$60.8K $10.13/SF
Area
Benton County, AR
Vacancy
7.20%
Lease Rate
$16.80 /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%
$1,216,060
Cap Rate 7%
$868,614
Cap Rate 9%
$675,589
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $93,107 @ 7.0% cap · market cap 11.64%
Second Best
Flex RnD
$868.6K
$760.0K – $1.01M
NOI $60,803 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,419 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72732, AR
4,990
Population
2,834
Households
1.8
Avg Household Size
46
Median Age
24%
College-Educated
89%
High-School Grad
86.9 sq mi
ZIP Area
57
Density / Sq Mi
$68,548
Median Household Income
$38,788
Median Earnings
$955
Median Rent
$236,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Modern commercial building combines insulated warehouse capacity with offices, reception, conference, and employee and visitor parking.
Where is this flex space located?
The property is located at 17644 Highway 37 Garfield, AR.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 6,000 square feet of climate‑controlled warehouse, office, and flex space; Situated on 4.50 level acres with Highway 37 frontage; Two 14x18 overhead doors support warehouse access and logistics
