Multi-Building Warehouse
For Sale
$3,000,000
1805 S Pleasant Street, Springdale, AR 72764
CommercialSale, Springdale, AR
Property Size30,526 SF
Lot Size4.15 Acres
Price / SF$98.28
Days on Market411
Property Features for 1805 S Pleasant Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Assigned
Appliances
ElectricWaterHeater
Lot features
Central Business District, City Lot
Directions
From I-49 take 412 east to pleasant street turn left or south property on left.
Standard status
Active
APN
815-28961-000
Size
30,526 SF
Lot size
4.15 Acres
Taxes and HOA fees
Tax Description
PT SE SE 3.40 A see attached
Tax Annual Amount
5449
Legal Description
PT SE SE 3.40 A see attached
Utilities
Heating system
Central
Water source
Public
Building Details
Year built
1980
Number of units
5
Flooring type
Carpet, Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
NWA Real Estate
(479) 442-7615
Listed By:
James Mason · License #SA00082367
(479) 841-4103
Added: Aug 20, 2025
Changed: Sep 12
Last Checked: Oct 4 at 8:06PM
MLS# 1318697
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.
This warehouse property comprises 30,526 square feet across five freestanding buildings on 4.15 acres. Built in 1980, the improvements feature metal siding, metal roofing, concrete and carpet flooring, central heating, public water, and assigned parking. Some of the buildings have tenants in place, providing an existing occupancy component alongside the available industrial space.
The property is located at 1805 S Pleasant Street in Springdale, Arkansas, within Washington County. Its multi-building layout supports distinct warehouse configurations across the site, while the acreage provides a substantial industrial footprint for continued occupancy or operational use.
The property is located at 1805 S Pleasant Street in Springdale, Arkansas, within Washington County. Its multi-building layout supports distinct warehouse configurations across the site, while the acreage provides a substantial industrial footprint for continued occupancy or operational use.
Key Highlights
- 30,526 square feet across five freestanding warehouse buildings
- 4.15‑acre industrial property in Springdale, AR
- Some buildings have tenants in place
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
$186,919
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
6.23%
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%
$3,738,380
$3.7M
Cap Rate 7%
$2,670,271
$2.7M
Cap Rate 9%
$2,076,878
$2.1M
Market Conditions
NOI Build-Up for 30,526 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
$245.4K $8.04/SF
− Vacancy
−$25.5K −$0.84/SF
EGI
$219.9K $7.20/SF
− OpEx
−$33.0K −$1.08/SF
NOI
$186.9K $6.12/SF
Area
Washington County, AR
Vacancy
10.40%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$3,738,380
Cap Rate 7%
$2,670,271
Cap Rate 9%
$2,076,878
Alternative Uses
Best Use
Warehouse
$2.67M
$2.34M – $3.12M
NOI $186,919 @ 7.0% cap · market cap 6.23%
Second Best
Industrial
$2.55M
$2.23M – $2.97M
NOI $178,467 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$8.19M
$7.17M – $9.56M
NOI $573,557 @ 7.0% cap · market cap 19.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- American Self-Storage — 3011 American St, Springdale, AR 72764
- Record Nations — 1900 S Pleasant St A, Springdale, AR 72764
- Superior Storage - Pleasant 2 — 1742 S Pleasant St, Springdale, AR 72764
- Superior Storage - Pleasant 1 — 1786 S Pleasant St, Springdale, AR 72764
- George's feedmill — 300-348 W Robinson Ave, Springdale, AR 72764
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property with multiple freestanding buildings, concrete flooring, metal construction, and assigned parking.
Where is this warehouse located?
The property is located at 1805 S Pleasant Street Springdale, AR.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 30,526 square feet across five freestanding warehouse buildings; 4.15‑acre industrial property in Springdale, AR; Some buildings have tenants in place
