Building Details

Year built 2000

Floors in Building 1

Listing Agency: Blue Collar Real Estate Show Phone

Listed By: Drew Lawson Show Phone

Added: Aug 17 Changed: Oct 5 Last Checked: Oct 5 at 10:06AM

Report an Issue

MLS# 26033582

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 commercial warehouse property includes a 2,400-square-foot Red Iron shop completed in 2000. The building measures 40 by 60 feet and features 14-foot walls, providing a substantial enclosed structure on the site. An existing mobile home is also located on the property.

The five-acre parcel is situated at 710 Main in Vilonia, Arkansas, within Faulkner County. The combination of warehouse improvements, acreage, and an additional mobile home creates a property with both building and land components.

Key Highlights

• 2,400‑square‑foot warehouse shop
• 40x60 Red Iron building
• 14 ft walls

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

$10,967

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

3.99%

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%

$219,340 $219.3K

Cap Rate 7%

$156,671 $156.7K

Cap Rate 9%

$121,856 $121.9K

Market Conditions

NOI Build-Up for 2,400 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

$14.4K $6.00/SF

− Vacancy

−$1.5K −$0.62/SF

EGI

$12.9K $5.38/SF

− OpEx

−$1.9K −$0.81/SF

NOI

$11.0K $4.57/SF

Area

Faulkner 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%

$219,340

Cap Rate 7%

$156,671

Cap Rate 9%

$121,856

Alternative Uses

Best Use

Warehouse

$156.7K

$137.1K – $182.8K (±1% cap)

NOI $10,967 @ 7.0% cap · market cap 3.99%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$547.4K

$479.0K – $638.7K (±1% cap)

NOI $38,319 @ 7.0% cap · market cap 13.93%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Building Supply Auto Parts Store Garden Center Auto Repair Shop Real Estate Agency Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72173, AR

9,888

Population

4,090

Households

2.4

Avg Household Size

37

Median Age

28%

College-Educated

94%

High-School Grad

94.9 sq mi

ZIP Area

104

Density / Sq Mi

$75,819

Median Household Income

$47,044

Median Earnings

$769

Median Rent

$202,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Flex Space with Storage

11 College N, Vilonia, AR 72173

$550,000

13,448 SF

View details

New Construction Duplex

43 Green Valley Loop, Vilonia, AR 72173

$279,900

2,350 SF

View details

High-Bay Flex Space

769 Hwy 36, Vilonia, AR 72173

$250,000

3,200 SF

View details

Similar Off Market Nearby

• Liberty Mini Storage — 708 Main St, Conway, AR 72032
• Simon Mini Storage — 744 Main St, Conway, AR 72032

Frequently Asked Questions

What type of property is this?

Warehouse - Standalone warehouse improvements occupy a five-acre commercial property with an existing mobile home.

Where is this warehouse located?

The property is located at 710 Main Vilonia, AR.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: 2,400‑square‑foot warehouse shop; 40x60 Red Iron building; 14 ft walls