Fenced Flex Space with
For Sale
$699,000
2008 S Benton, Searcy, AR 72143
COMMERCIAL - Searcy, AR
Property Size2,550 SF
Lot Size2.07 Acres
Price / SF$274.12
Days on Market138
Property Features for 2008 S Benton
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
30
Interior features
Kitchen Area, Showers
Lot features
Level
Directions
Turn off of Race beside the Sonic onto Benton St. Property will be on the left Across from XPO Chain link fence.
Subdivision
SEARCY
Standard status
Active
Size
2,550 SF
Lot size
2.07 Acres
Taxes and HOA fees
Tax Description
S 13 T 7 R 7
Tax Annual Amount
1588
Legal Description
S 13 T 7 R 7
Building Details
Year built
1989
Floors in Building
1
Listing Agency:
Green Light Realty
(501) 278-6140
Listed By:
Michelle Moore
(501) 230-0186
Added: Apr 21
Changed: Aug 4
Last Checked: Sep 5 at 11:06PM
MLS# 26017468
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 2,550-square-foot flex property sits on 2.07 acres and was built in 1989. The fully enclosed site is arranged in two sections and includes a large office with picture windows, a kitchen area, storage above the office and kitchen, and 1 1/2 baths. The shop includes a separate half bath, while a full bathroom with shower is located toward the front of the building.
Exterior improvements include a three-bay carport and two covered dog pens with concrete floors. Water and sewer connections for RVs are located at the front of the property. The combination of office, shop, storage, covered parking, and fenced outdoor areas provides a varied commercial layout.
Exterior improvements include a three-bay carport and two covered dog pens with concrete floors. Water and sewer connections for RVs are located at the front of the property. The combination of office, shop, storage, covered parking, and fenced outdoor areas provides a varied commercial layout.
Key Highlights
- 2.07‑acre fenced property in Searcy, AR
- 2,550 SF flex property built in 1989
- Large office with picture windows, kitchen area, and storage above
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
$21,689
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
3.10%
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%
$433,780
$433.8K
Cap Rate 7%
$309,843
$309.8K
Cap Rate 9%
$240,989
$241.0K
Market Conditions
NOI Build-Up for 2,550 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
$35.8K $14.04/SF
− Vacancy
−$2.4K −$0.95/SF
EGI
$33.4K $13.09/SF
− OpEx
−$11.7K −$4.58/SF
NOI
$21.7K $8.51/SF
Area
White County, AR
Vacancy
6.80%
Lease Rate
$14.04 /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%
$433,780
Cap Rate 7%
$309,843
Cap Rate 9%
$240,989
Alternative Uses
Best Use
Flex RnD
$309.8K
$271.1K – $361.5K
NOI $21,689 @ 7.0% cap · market cap 3.10%
Second Best
Industrial
$137.1K
$120.0K – $159.9K
NOI $9,596 @ 7.0% cap · market cap 1.37%
Theoretical Best
Office A
$466.3K
$408.1K – $544.1K
NOI $32,644 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial property combines office, shop, covered vehicle storage, and RV service connections.
Where is this flex space located?
The property is located at 2008 S Benton Searcy, AR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2.07‑acre fenced property in Searcy, AR; 2,550 SF flex property built in 1989; Large office with picture windows, kitchen area, and storage above
