Warehouse with Office, Docks, and
For Sale
$1,350,000
197 S Redmond, Jacksonville, AR 72076
COMMERCIAL - Jacksonville, AR
Property Size12,350 SF
Lot Size1.87 Acres
Price / SF$109.31
Days on Market107
Property Features for 197 S Redmond
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office and Industrial, General Commercial
Exterior features
Partially Fenced, Outside Storage Area, Guttering, Overhead Doors, Loading Dock
Fencing
Partial
Lot features
Level
Directions
Travel north on I-57 (Hwy 67) towards Jacksonville. After passing the ingress of I-440, Redmond Rd is the 1st exit. Use the Redmond Rd "exit only" lane. At the stop sign, turn left and proceed a short distance to 197 S Redmond. Property is on your right.
Subdivision
JACKSONVILLE
Standard status
Active
APN
22J0180003400
Size
12,350 SF
Lot size
1.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
3N-11-25 metes and bounds
Tax Annual Amount
3663
Legal Description
3N-11-25 metes and bounds
Building Details
Year built
1981
Floors in Building
1
Flooring type
Concrete, Vinyl
Roof type
Built-Up
Additional Structures
Storage
Listing Agency:
United Real Estate - Central AR
(501) 747-1532
Listed By:
Katherine Hardison
(501) 412-7221
Added: May 19
Changed: Aug 4
Last Checked: Sep 2 at 3:06PM
MLS# 26021468
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.
Industrial warehouse totaling 12,350 SF built in 1981, configured as a single-tenant facility with 1,350 SF of office space and 11,000 SF of warehouse space. The warehouse offers an 18' clear ceiling height and loading support with 4 external dock-high doors (2 with rail access) plus 2 drive-in doors. Interior flooring includes concrete and vinyl, with a built-up roof. The property includes a fenced parking and storage yard, supported by exterior features such as outside storage area and partially fenced perimeter, along with overhead doors and guttering.
The site provides direct access to Hwy 57, with connectivity to I-440, I-40, I-530, and I-30. On-site Union Pacific rail access connects operations to UP’s national network for inbound and outbound shipping. The facility is in the Jacksonville/Sherwood industrial corridor and is adjacent to Little Rock Air Force Base.
Designed for manufacturing, distribution, or storage operations, this logistics-oriented warehouse combines office space with warehouse scale and multiple loading door types.
The site provides direct access to Hwy 57, with connectivity to I-440, I-40, I-530, and I-30. On-site Union Pacific rail access connects operations to UP’s national network for inbound and outbound shipping. The facility is in the Jacksonville/Sherwood industrial corridor and is adjacent to Little Rock Air Force Base.
Designed for manufacturing, distribution, or storage operations, this logistics-oriented warehouse combines office space with warehouse scale and multiple loading door types.
Key Highlights
- 12,350 SF single‑tenant warehouse with 1,350 SF office and 11,000 SF warehouse space
- Built in 1981 with 18' clear ceiling height
- Four external dock‑high doors (2 with rail access) plus 2 drive‑in doors
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
$65,923
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
4.88%
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%
$1,318,460
$1.3M
Cap Rate 7%
$941,757
$941.8K
Cap Rate 9%
$732,478
$732.5K
Market Conditions
NOI Build-Up for 12,350 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
$81.5K $6.60/SF
− Vacancy
−$4.0K −$0.32/SF
EGI
$77.6K $6.28/SF
− OpEx
−$11.6K −$0.94/SF
NOI
$65.9K $5.34/SF
Area
Pulaski County, AR
Vacancy
4.85%
Lease Rate
$6.60 /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%
$1,318,460
Cap Rate 7%
$941,757
Cap Rate 9%
$732,478
Alternative Uses
Best Use
Warehouse
$941.8K
$824.0K – $1.10M
NOI $65,923 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.36M
$2.06M – $2.75M
NOI $164,904 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
4
Dock-high doors
2
Drive-in doors
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72076, AR
38,443
Population
17,780
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
529
Density / Sq Mi
$53,048
Median Household Income
$36,189
Median Earnings
$917
Median Rent
$155,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant warehouse with office space, multiple dock-high and drive-in doors, and a fully fenced yard.
Where is this warehouse located?
The property is located at 197 S Redmond Jacksonville, AR.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 12,350 SF single‑tenant warehouse with 1,350 SF office and 11,000 SF warehouse space; Built in 1981 with 18' clear ceiling height; Four external dock‑high doors (2 with rail access) plus 2 drive‑in doors
