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    Walnut Ridge Commercial Building For Sale Title is generated by Realmo AI

    400 Memorial Dr., Walnut Ridge, AR 72476

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    For Sale
    $2,250,000

    Commercial - Walnut Ridge, AR

    Property size:
    20,000 SF
    Lot size:
    5.30 Acres
    Price / SF:
    $112/SF
    Added:
    May 7, 2026
    Days on Market:
    28
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 400 Memorial Dr.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Garage
    Standard status
    Active
    APN
    850-02870-000C
    Size
    20,000 SF
    Lot size
    5.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1667

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1986
    Year renovated
    1986
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Julie Courtney

    Listing agent Julie Courtney

    Listing office Archer Realty 1516 Highway 675, Pocahontas, AR

    Listing date May 7, 2026

    MLS# 11740601 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Expansive Space: Existing 20,000 sq ft building plus unfinished 22,000 sq ft addition (total potential 42,000 sq ft).
    • Benefit from 7 loading docks (1 on existing building, 6 on the addition).
    • Property connected to all city utilities.
    • Includes a 30x30 cold storage unit.
    • Existing building includes office space with 2 bathrooms, maintenance room, and break/conference room.
    • Situated on a large 5.3 acre lot (M/L).

    Overview

    This commercial building in Walnut Ridge, AR, offers 20,000 square feet of space, including office areas with two bathrooms, a maintenance room, and a break/conference room. A 30x30 cold storage unit is also included. The concrete building features 20-foot sidewalls and one loading dock. An additional 27x24 building is attached to the main structure. A new gravel road provides access to the rear of the property. Furthermore, there is an unfinished new build with concrete and red iron construction, featuring 15-foot sidewalls, four loading docks on one side, and two on the back. This addition will add approximately 22,000 square feet and is designed to connect to the existing building, offering various possibilities for customization. The property is situated on 5.3 acres and has all city utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Cricket's Self Storage — Hoxie, AR 72433
    • 4H Storage Solutions — 451 W Elm St, Walnut Ridge, AR 72476
    • Cricket's Self Storage — 716 midway rd, hoxie, ar 72433

    Location Insight

    • Map
    • Local Demand
    City
    Walnut Ridge
    County
    Lawrence
    State
    Arkansas
    Longitude
    -90.96744
    Latitude
    36.070542

    Nearby Similar for Sale

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      Medic One Ambulance Service Facility

      Ambulance service facility with contractual rent bumps and favorable lease.
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      View Details
    • $426,175
      7,500 SF

      Hoxie, AR Dollar General

      Low-price point Dollar General with almost 4 years remaining on lease.
      1127 Lincoln St, Walnut Ridge, AR
      View Details

    FAQs

    What type of property is this?
    Warehouse - 20,000 SF commercial building with expansion potential on 5.3 acres.
    Where is this warehouse located?
    The property is located at 400 Memorial Dr. Walnut Ridge, AR.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: Expansive Space: Existing 20,000 sq ft building plus unfinished 22,000 sq ft addition (total potential 42,000 sq ft).; Benefit from 7 loading docks (1 on existing building, 6 on the addition).; Property connected to all city utilities.
    (870) 892-4408
    We can help!
    Listing Contact
    Julie Courtney
    Request Owner's contact information
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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.

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