Insulated Flex Building with Loading
For Sale
$890,000
502 E 4th Street, Russellville, AR 72801
CommercialSale, Russellville, AR
Property Size18,500 SF
Price / SF$48.11
Days on Market544
Property Features for 502 E 4th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Zoning description
Commercial
Parking features
Parking Lot
Appliances
GasWaterHeater, WaterHeater
Lot features
Corner Lot, City Lot, Level
Directions
Highway 7 South to 4th Street. 502 East 4th. South side of street.
Standard status
Active
APN
759-00008-0011
Size
18,500 SF
Taxes and HOA fees
Tax Description
N/2 lots 11 & 12, Lots 1,2,3,4 Block 2 W.R. McArthur Addition to City of Russellville, Pope County, ARKANSAS
Tax Annual Amount
2756
Legal Description
N/2 lots 11 & 12, Lots 1,2,3,4 Block 2 W.R. McArthur Addition to City of Russellville, Pope County, ARKANSAS
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air
Water source
Public
Building Details
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
A Better Way Realty
(479) 219-5080
Listed By:
Clint Papasan · License #SA00048359
(479) 886-4428
Added: Mar 25, 2025
Changed: Sep 12
Last Checked: Sep 19 at 7:06AM
MLS# AV25-515
Copyright © 2026 ArkansasONE MLS. 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 18,500-square-foot flex space combines a metal-sided, metal-roofed building with concrete flooring, heavy insulation, high ceilings, three large rollup doors, and a loading dock. The interior includes office areas and a one-bedroom apartment, while heavy-duty electrical service supports a range of operational requirements. Central heating and cooling, a gas water heater, public water, and public sewer are also in place.
The property is located at 502 E 4th Street in Russellville, Arkansas, along 4th Street, which recorded 8800 cars per day according to AR DOT 2022. Parking is available in front of and behind the building. The existing configuration may accommodate indoor sporting courts, batting cages, light manufacturing, or storage, with high ceilings that could support a second floor or other interior adjustments.
The property is located at 502 E 4th Street in Russellville, Arkansas, along 4th Street, which recorded 8800 cars per day according to AR DOT 2022. Parking is available in front of and behind the building. The existing configuration may accommodate indoor sporting courts, batting cages, light manufacturing, or storage, with high ceilings that could support a second floor or other interior adjustments.
Key Highlights
- 18,500 square feet of flex space
- 3 large rollup doors and a loading dock
- Heavy‑duty electrical service with high ceilings and heavy insulation
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
$71,795
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
8.07%
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%
$1,435,900
$1.4M
Cap Rate 7%
$1,025,643
$1.0M
Cap Rate 9%
$797,722
$797.7K
Market Conditions
NOI Build-Up for 18,500 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
$111.0K $6.00/SF
− Vacancy
−$8.4K −$0.46/SF
EGI
$102.6K $5.54/SF
− OpEx
−$30.8K −$1.66/SF
NOI
$71.8K $3.88/SF
Area
Pope County, AR
Vacancy
7.60%
Lease Rate
$6.00 /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%
$1,435,900
Cap Rate 7%
$1,025,643
Cap Rate 9%
$797,722
Alternative Uses
Best Use
Flex RnD
$2.25M
$1.97M – $2.62M
NOI $157,350 @ 7.0% cap · market cap 17.68%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,538 @ 7.0% cap · market cap 9.50%
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $206,904 @ 7.0% cap · market cap 23.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
Yes
Heavy power
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72801, AR
18,510
Population
7,530
Households
2.5
Avg Household Size
29
Median Age
26%
College-Educated
82%
High-School Grad
8.0 sq mi
ZIP Area
2,314
Density / Sq Mi
$42,363
Median Household Income
$22,473
Median Earnings
$837
Median Rent
$153,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space with concrete floors, overhead doors, offices, and substantial electrical service.
Where is this flex space located?
The property is located at 502 E 4th Street Russellville, AR.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 18,500 square feet of flex space; 3 large rollup doors and a loading dock; Heavy‑duty electrical service with high ceilings and heavy insulation
