Flex Space with
For Sale
$4,800,000
2000 E Race Avenue, Searcy, AR 72143
Commercial / Industrial, Searcy, AR
Property Size26,568 SF
Lot Size4.00 Acres
Price / SF$180.67
Days on Market66
Property Features for 2000 E Race Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
65
Lot features
Level
Directions
Corner of Benton & Race Ave
Subdivision
SEARCY
Standard status
Active
Size
26,568 SF
Lot size
4.00 Acres
Taxes and HOA fees
Tax Description
In File
Tax Annual Amount
11771
Legal Description
In File
Building Details
Year built
1996
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Dalrymple
(501) 268-2445
Listed By:
Jose Colunga · License #AR PB00076250
(501) 515-2658
Added: Jul 22
Changed: Sep 8
Last Checked: Sep 25 at 11:06PM
MLS# 26029711
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.
This C-4-zoned flex property includes two buildings totaling 26,568 square feet. The improvements combine an automotive showroom, dedicated office areas, and a warehouse equipped with 12 roll-up doors. Concrete flooring and a 1996 construction date provide additional physical context for the existing configuration.
The property fronts a major arterial road with reported exposure to 24,000 VPD. Established national retailers, local businesses, and medical centers are located in the surrounding commercial area. The layout accommodates a mix of showroom, office, warehouse, automotive, retail, and industrial-flex functions within one property.
The property fronts a major arterial road with reported exposure to 24,000 VPD. Established national retailers, local businesses, and medical centers are located in the surrounding commercial area. The layout accommodates a mix of showroom, office, warehouse, automotive, retail, and industrial-flex functions within one property.
Key Highlights
- 26,568 SF across two buildings
- C‑4 zoning supports commercial and flex‑oriented use
- Warehouse includes 12 roll‑up 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
$255,085
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
5.31%
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%
$5,101,700
$5.1M
Cap Rate 7%
$3,644,071
$3.6M
Cap Rate 9%
$2,834,278
$2.8M
Market Conditions
NOI Build-Up for 26,568 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
$382.6K $14.40/SF
− Vacancy
−$42.5K −$1.60/SF
EGI
$340.1K $12.80/SF
− OpEx
−$85.0K −$3.20/SF
NOI
$255.1K $9.60/SF
Area
White County, AR
Vacancy
11.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$5,101,700
Cap Rate 7%
$3,644,071
Cap Rate 9%
$2,834,278
Alternative Uses
Best Use
Office B
$3.64M
$3.19M – $4.25M
NOI $255,085 @ 7.0% cap · market cap 5.31%
Second Best
Flex RnD
$3.23M
$2.82M – $3.77M
NOI $225,972 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$4.86M
$4.25M – $5.67M
NOI $340,113 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
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
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Similar Off Market Nearby
- Aramark — 915 E Market Ave, Searcy, AR 72149
- Firehouse Subs Gin Creek — 1547 E Race Ave #4, Searcy, AR 72143
Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property with office areas, warehouse capacity, and automotive-oriented improvements along a major arterial road.
Where is this flex space located?
The property is located at 2000 E Race Avenue Searcy, AR.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 26,568 SF across two buildings; C‑4 zoning supports commercial and flex‑oriented use; Warehouse includes 12 roll‑up doors
