Insulated Industrial Flex
For Sale
$780,000
308 Thomas, White Hall, AR 71602
COMMERCIAL - White Hall, AR
Property Size10,000 SF
Lot Size1.33 Acres
Price / SF$78
Days on Market746
Property Features for 308 Thomas
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Exterior features
Fully Fenced
Fencing
Full
Subdivision
Metes & Bounds
Lot features
Level, Major Road Frontage
Directions
From Martha Mitchell take exit 35 and right on N Bryant street right on Sunset left on Thomas and the building is on the left
Standard status
Active
Size
10,000 SF
Lot size
1.33 Acres
Taxes and HOA fees
Tax Description
Parcel 001-06820-000
Legal Description
Parcel 001-06820-000
Building Details
Year built
2005
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Architectural style
Other
Listing Agency:
Lisa Attwood Realty
(870) 329-4350
Listed By:
Lisa Attwood
(870) 329-4350
Added: Aug 12, 2024
Changed: Aug 4
Last Checked: Aug 27 at 5:06PM
MLS# 24029093
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 property features four large, insulated 50x50 buildings totaling multiple flexible use configurations. The buildings include one converted into a three-bedroom, two-bath home with kitchen, dining room, and laundry room, another used as an office, and one configured to support a 35x50 showroom with three offices. One additional building is being leased out. Each 50x50 structure has a 14x14 overhead door with commercial garage doors, and each building operates under its own address and separate power supply.
The site is located right off Interstate 530 in a high-traffic area with visibility. There are also two covered lean-tos measuring 17.5 by 210 feet, each with 30-foot bays, providing additional covered workspace adjacent to the main buildings.
Overall, the property is designed around multiple independent structures, offering a compartmentalized layout with covered bays and overhead door access across the campus.
The site is located right off Interstate 530 in a high-traffic area with visibility. There are also two covered lean-tos measuring 17.5 by 210 feet, each with 30-foot bays, providing additional covered workspace adjacent to the main buildings.
Overall, the property is designed around multiple independent structures, offering a compartmentalized layout with covered bays and overhead door access across the campus.
Key Highlights
- 1.33‑acre property with four 50x50 insulated buildings right off Interstate 530
- One 50x50 building converted to a 3 bed, 2 bath home with kitchen, dining room, and laundry room
- Three additional buildings include one office use, one with a 35x50 showroom plus three offices, and one currently leased
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
$46,771
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
6.00%
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%
$935,420
$935.4K
Cap Rate 7%
$668,157
$668.2K
Cap Rate 9%
$519,678
$519.7K
Market Conditions
NOI Build-Up for 10,000 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
$72.0K $7.20/SF
− Vacancy
−$5.2K −$0.52/SF
EGI
$66.8K $6.68/SF
− OpEx
−$20.0K −$2.00/SF
NOI
$46.8K $4.68/SF
Area
Jefferson County, AR
Vacancy
7.20%
Lease Rate
$7.20 /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%
$935,420
Cap Rate 7%
$668,157
Cap Rate 9%
$519,678
Alternative Uses
Best Use
Flex RnD
$2.08M
$1.82M – $2.43M
NOI $145,818 @ 7.0% cap · market cap 18.69%
Second Best
Retail
$1.40M
$1.23M – $1.63M
NOI $98,070 @ 7.0% cap · market cap 12.57%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,468 @ 7.0% cap · market cap 23.01%
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
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71602, AR
16,112
Population
7,489
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
89%
High-School Grad
131.0 sq mi
ZIP Area
123
Density / Sq Mi
$54,936
Median Household Income
$35,644
Median Earnings
$900
Median Rent
$135,800
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 - Four 50x50 insulated buildings on 1.33 acres each with overhead doors, separate addresses, and individual power supply.
Where is this flex space located?
The property is located at 308 Thomas White Hall, AR.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 1.33‑acre property with four 50x50 insulated buildings right off Interstate 530; One 50x50 building converted to a 3 bed, 2 bath home with kitchen, dining room, and laundry room; Three additional buildings include one office use, one with a 35x50 showroom plus three offices, and one currently leased
