Flex Space with
For Sale
$175,000
201 E Center St, Jacksonville, AR 72076
Commercial / Industrial, Traditional, Jacksonville, AR
Property Size3,300 SF
Lot Size0.35 Acres
Price / SF$53.03
Days on Market444
Property Features for 201 E Center St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business, General Office
Security features
Security
Interior features
Smoke Detector, Kitchen Area, Video Surveillance
Exterior features
Fully Fenced, Outside Storage Area, Roof Sign, Overhead Doors, Video Surveillance, Security
Fencing
Full
Subdivision
Jacksonville
Lot features
Level, Corner Lot, In Subdivision, City Lot
Directions
Take I-57 (S) towards Jacksonville, take Exit (11) Vandenberg Blvd, make a Lt onto John Harden Dr, Lt onto Vandenberg BLVD, Rt onto 2nd st -go 1.4 mi, Lt onto W. Main st, Lt onto N. elm, Lt onto Graham Rd, Lt onto E. Center St
Standard status
Active
APN
12J-051-01-111-00
Size
3,300 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot/Block: 1/17A
Tax Annual Amount
570
Legal Description
Lot/Block: 1/17A
Building Details
Year built
1985
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Blair & Co. Realtors
(501) 654-4663
Listed By:
Heather Marshall
(501) 350-0540
Added: Jun 28, 2025
Changed: Sep 7
Last Checked: Sep 14 at 2:06PM
MLS# 25025538
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 3,300-square-foot flex property combines a functional office component with warehouse space. The layout includes three dedicated offices, a kitchen area, a bathroom, concrete flooring, and a large roll-up door. A new HVAC system was installed in 2024. Additional features include a fully fenced site, outside storage area, roof signage, smoke detection, video surveillance, and security elements. Electrical inventory and equipment may also be available with reasonable offers.
The property sits at 201 E Center St in Jacksonville, Arkansas, on a 0.35-acre lot. C2 zoning supports its commercial positioning, while the overhead door and fenced outdoor area add practical utility for an operating business. Built in 1985, the building has a metal roof and includes a dedicated warehouse component suited to storage, service, or related commercial functions.
The property sits at 201 E Center St in Jacksonville, Arkansas, on a 0.35-acre lot. C2 zoning supports its commercial positioning, while the overhead door and fenced outdoor area add practical utility for an operating business. Built in 1985, the building has a metal roof and includes a dedicated warehouse component suited to storage, service, or related commercial functions.
Key Highlights
- 3,300‑square‑foot flex property with office and warehouse components
- C2 zoning in Jacksonville, Arkansas
- Three dedicated offices, kitchen area, bathroom, and warehouse space
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
$14,507
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
8.29%
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%
$290,140
$290.1K
Cap Rate 7%
$207,243
$207.2K
Cap Rate 9%
$161,189
$161.2K
Market Conditions
NOI Build-Up for 3,300 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
$21.8K $6.60/SF
− Vacancy
−$1.1K −$0.32/SF
EGI
$20.7K $6.28/SF
− OpEx
−$6.2K −$1.88/SF
NOI
$14.5K $4.40/SF
Area
Pulaski County, AR
Vacancy
4.85%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
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%
$290,140
Cap Rate 7%
$207,243
Cap Rate 9%
$161,189
Alternative Uses
Best Use
Office B
$394.3K
$345.0K – $460.0K
NOI $27,599 @ 7.0% cap · market cap 15.77%
Second Best
Flex RnD
$286.3K
$250.5K – $334.0K
NOI $20,040 @ 7.0% cap · market cap 11.45%
Theoretical Best
Specialty Retail
$629.5K
$550.8K – $734.4K
NOI $44,064 @ 7.0% cap · market cap 25.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Under-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
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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 - C2-zoned commercial space combines offices, a kitchen area, bathroom, and warehouse access for operational flexibility.
Where is this flex space located?
The property is located at 201 E Center St Jacksonville, AR.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 3,300‑square‑foot flex property with office and warehouse components; C2 zoning in Jacksonville, Arkansas; Three dedicated offices, kitchen area, bathroom, and warehouse space
