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    Industrial Property with Two Shop Buildings Title is generated by Realmo AI

    238 CR 2606, Knoxville, AR 72845

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    Claim this Listing
    For Sale
    $1,550,000

    Building and Land - Knoxville, AR

    Property size:
    24,880 SF
    Lot size:
    10.60 Acres
    Price / SF:
    $62/SF
    Added:
    Feb 18, 2026
    Days on Market:
    92
    Last Refresh:
    May 21 at 5:06 am

    Property Features for 238 CR 2606

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    20
    Interior features
    Equipment (see Remarks), Inventory (see Remarks), In-unit Bathroom
    Standard status
    Active
    APN
    001-02647-004C,001-02647-007
    Size
    24,880 SF
    Lot size
    10.60 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6814.07

    Utilities

    Heating system
    Natural Gas, Space Heater
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1977
    Floors in Building
    2
    Flooring type
    Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Autumn Hunstable

    Listing agent Autumn Hunstable

    Listing office Century 21 Glover Town & Country 17 S. Sherwood Plaza, Clarksville, AR

    Listing date Feb 18, 2026

    MLS# 26006336 Listing URL

    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.

    HighLights

    • 10.5 acre commercial property with high visibility and convenient access off Interstate 40.
    • Two substantial shop buildings: 18,880 sq. ft. main shop and 6,000 sq. ft. second shop.
    • Overhead cranes already installed.
    • Thoughtfully laid out office and employee amenities, including multiple restrooms and a full private bath in the main office.
    • Mounted space heaters throughout.
    • Two purchase options available.

    Overview

    This commercial property is situated on 10.5 acres in a visible location with accessibility to Interstate 40. It features two shop buildings designed for industrial operations. The main shop provides 18,880 square feet of space, while the second shop offers 6,000 square feet. Overhead cranes are installed in the shops, and mounted space heaters are located throughout. The property includes a main employee bath with one shower, one toilet, and two urinals, as well as separate men’s and women’s restrooms in the office area. A full private bath is located in the main office. The property is located in Knoxville, Arkansas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Auto Repair Shop Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Johnson
    State
    Arkansas
    Longitude
    -93.347729
    Latitude
    35.386328

    FAQs

    What type of property is this?
    Industrial property - Commercial property on 10.5 acres with two shop buildings.
    Where is this industrial property located?
    The property is located at 238 CR 2606 Knoxville, AR.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: 10.5 acre commercial property with **high visibility and convenient access off Interstate 40**.; **Two substantial shop buildings**: 18,880 sq. ft. main shop and 6,000 sq. ft. second shop.; **Overhead cranes already installed**.
    (479) 774-1044
    We can help!
    Listing Contact
    Autumn Hunstable
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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