Flex Building with Attached
For Sale
$525,000
2 Ellzey Ln, Greenbrier, AR 72058
Commercial / Industrial, Greenbrier, AR
Property Size4,119 SF
Lot Size0.80 Acres
Price / SF$127.46
Days on Market28
Property Features for 2 Ellzey Ln
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Directions
From I-40 and Hwy 65 (Exit 125) in Conway, Take Hwy 65 North approximately 6.5 miles to Ellzey Ln on the East (Right) and property is on the corner
Subdivision
GREENBRIER SCHOOL DISTRICT
Standard status
Active
Size
4,119 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Description
Metes & Bounds
Tax Annual Amount
2696
Legal Description
Metes & Bounds
Building Details
Year built
2017
Floors in Building
2
Listing Agency:
REMAX Ultimate · RE/MAX International
(501) 730-1958
Listed By:
Adam Treece · License #SA00087955
(501) 428-0872
Added: Sep 12
Changed: Oct 8
Last Checked: Oct 9 at 5:06PM
MLS# 26037281
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.
Built in 2017, this flex property offers 2,769 conditioned square feet arranged with a kitchen, open entry and living area, loft, and five additional rooms. The building includes an insulated 24-by-30-foot garage with an 18-by-8-foot overhead door, plus an attached 21-by-30-foot shop with 16-foot sidewalls and a 14-foot overhead door. Spray-foam insulation, two HVAC units, a tankless water heater, and 12-foot windows with automatic shades are among the building features. Interior finishes include reclaimed brick, exposed ductwork, galvanized metal countertops, wood walls, custom steel stairs and railings, and an 8-foot industrial fan.
The 0.8-acre property occupies the corner of Ellzey Lane and Highway 65. The 2024 ARDOT map shows a traffic count of 31,000 vehicles per day on the highway. Power has been extended to the road for signage, and the property has no zoning designation.
The 0.8-acre property occupies the corner of Ellzey Lane and Highway 65. The 2024 ARDOT map shows a traffic count of 31,000 vehicles per day on the highway. Power has been extended to the road for signage, and the property has no zoning designation.
Key Highlights
- Flex property built in 2017 with 4,119 square feet
- 2,769 conditioned square feet with kitchen, open entry/living area, loft, and 5 additional rooms
- Insulated 24'x30' garage with an 18'x 8' overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,013
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,260
$500.3K
Cap Rate 7%
$357,329
$357.3K
Cap Rate 9%
$277,922
$277.9K
Market Conditions
NOI Build-Up for 4,119 SF
Gross rent
$41.0K $9.96/SF
− Vacancy
−$2.5K −$0.62/SF
EGI
$38.5K $9.34/SF
− OpEx
−$13.5K −$3.27/SF
NOI
$25.0K $6.07/SF
Area
Faulkner 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 Rate 5%
$500,260
Cap Rate 7%
$357,329
Cap Rate 9%
$277,922
Alternative Uses
Best Use
Office B
$738.0K
$645.7K – $861.0K
NOI $51,657 @ 7.0% cap · market cap 9.84%
Second Best
Flex RnD
$357.3K
$312.7K – $416.9K
NOI $25,013 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$939.5K
$822.1K – $1.10M
NOI $65,765 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72058, AR
18,525
Population
7,143
Households
2.6
Avg Household Size
37
Median Age
28%
College-Educated
96%
High-School Grad
157.3 sq mi
ZIP Area
118
Density / Sq Mi
$80,406
Median Household Income
$48,578
Median Earnings
$1,027
Median Rent
$203,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Office-oriented interiors are paired with insulated garage space and an attached shop.
Where is this flex space located?
The property is located at 2 Ellzey Ln Greenbrier, AR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Flex property built in 2017 with 4,119 square feet; 2,769 conditioned square feet with kitchen, open entry/living area, loft, and 5 additional rooms; Insulated 24'x30' garage with an 18'x 8' overhead door
