Flex Space with Drive-Through
For Sale
$950,000
2903 Shiloh Road, Searcy, AR 72143
COMMERCIAL - Searcy, AR
Property Size11,650 SF
Lot Size3.00 Acres
Price / SF$81.55
Days on Market338
Property Features for 2903 Shiloh Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi-Purpose
Interior features
Public Restrooms, Kitchen Area, Showers
Exterior features
Fully Fenced
Fencing
Full
Lot features
Sloped
Directions
From Beebe Capps turn right on Eastline Road, left on Shiloh Road, property is on the right. Sign on property.
Subdivision
WHITE COUNTY (SE)
Standard status
Active
Size
11,650 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
13-07-07 Rural metes and bound
Tax Annual Amount
2408
Legal Description
13-07-07 Rural metes and bound
Amenities
Fully furnished break room
Full safe room
Wash bays with oil and water separator
Infrared heaters
Multiple air drops
5' cross ventilation fans
Building Details
Year built
2002
Floors in Building
1
Flooring type
Concrete, Tile
Roof type
Metal
Listing Agency:
Dalrymple
(501) 268-2445
Listed By:
Jose Colunga
(501) 515-2658
Added: Sep 8, 2025
Changed: Aug 4
Last Checked: Aug 11 at 9:06PM
MLS# 25036052
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 flex space warehouse facility offers 11,650 SF of work area plus a lockable housed air compressor unit room. The attached office features 1,000 SF of central heat and air with stained concrete flooring, a private bathroom with a shower area, and a fully furnished break room. Operational and safety features include a full safe room with a 6" thick door, 3-phase electrical service, and three-phase and multiple power outlets throughout.
The shop is equipped with a 10 ton power trolley bridge crane, infrared heaters, multiple synchronized control power louvers, and 5' cross ventilation fans. Material handling and access include three 14' tall power lift doors and four 16' tall drive-through bays with power lift doors, along with wash bays with an oil and water separator. The heavily graveled lot is fully fenced and sized at 3 acres, with four entrance/exits designed for 18-wheeler traffic, offering easy on and off Hwy. 67-167 exit and a location sitting on the city limit boundary just outside city limits.
The property was built in 2002 and has a metal roof, concrete and tile flooring, and includes public restrooms, kitchen area, and showers.
The shop is equipped with a 10 ton power trolley bridge crane, infrared heaters, multiple synchronized control power louvers, and 5' cross ventilation fans. Material handling and access include three 14' tall power lift doors and four 16' tall drive-through bays with power lift doors, along with wash bays with an oil and water separator. The heavily graveled lot is fully fenced and sized at 3 acres, with four entrance/exits designed for 18-wheeler traffic, offering easy on and off Hwy. 67-167 exit and a location sitting on the city limit boundary just outside city limits.
The property was built in 2002 and has a metal roof, concrete and tile flooring, and includes public restrooms, kitchen area, and showers.
Key Highlights
- 11,650 SF flex space plus lockable housed air compressor unit room
- 3 acres on a fully fenced, heavily graveled lot with four 18‑wheeler entrance/exits
- 10 ton power trolley bridge crane with infrared heaters and cross ventilation fans
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
$53,236
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
5.60%
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%
$1,064,720
$1.1M
Cap Rate 7%
$760,514
$760.5K
Cap Rate 9%
$591,511
$591.5K
Market Conditions
NOI Build-Up for 11,650 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
$69.9K $6.00/SF
− Vacancy
−$7.3K −$0.62/SF
EGI
$62.6K $5.38/SF
− OpEx
−$9.4K −$0.81/SF
NOI
$53.2K $4.57/SF
Area
White County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,064,720
Cap Rate 7%
$760,514
Cap Rate 9%
$591,511
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.86M
NOI $111,854 @ 7.0% cap · market cap 11.77%
Second Best
Flex RnD
$1.42M
$1.24M – $1.65M
NOI $99,088 @ 7.0% cap · market cap 10.43%
Theoretical Best
Office A
$2.13M
$1.86M – $2.49M
NOI $149,139 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
117
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 Office 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 - Flex space on a fully fenced 3-acre lot with drive-through bays, oil and water separator wash bays, and a secured office.
Where is this flex space located?
The property is located at 2903 Shiloh Road Searcy, AR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 11,650 SF flex space plus lockable housed air compressor unit room; 3 acres on a fully fenced, heavily graveled lot with four 18‑wheeler entrance/exits; 10 ton power trolley bridge crane with infrared heaters and cross ventilation fans
