Open-Plan
For Sale
$769,999
921 E Douglas Street, Prairie Grove, AR 72753
CommercialSale, Prairie Grove, AR
Property Size7,500 SF
Lot Size0.94 Acres
Price / SF$102.67
Days on Market115
Property Features for 921 E Douglas Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Industrial Park
Directions
Start on US 62 / E Heritage Parkway. Turn onto Sundowner Rd. Turn onto Stills Rd. Property sits in between Stills Rd. and Sundowner Rd.
Standard status
Active
APN
805-20343-000
Size
7,500 SF
Lot size
0.94 Acres
Taxes and HOA fees
Tax Description
PT NW NW 0.94 AC FURTHER DESCRIBED IN WD 2000-32193 AS: A PART OF THE NORTHWEST QUARTER (NW 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION SEVENTEEN (17), TOWNSHIP FIFTEEN (15) NORTH, RANGE THIRTY-ONE (31) WEST, BEING MORE PARTICULARLY DESCRIBED A S FO
Tax Annual Amount
5775
Legal Description
PT NW NW 0.94 AC FURTHER DESCRIBED IN WD 2000-32193 AS: A PART OF THE NORTHWEST QUARTER (NW 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION SEVENTEEN (17), TOWNSHIP FIFTEEN (15) NORTH, RANGE THIRTY-ONE (31) WEST, BEING MORE PARTICULARLY DESCRIBED A S FO
Building Details
Year built
2000
Listing Agency:
Uptown Real Estate
(479) 358-7999
Listed By:
Joseph Schmits · License #EB00092576
(573) 795-2348
Added: May 2
Changed: Aug 24
Last Checked: Aug 24 at 12:06PM
MLS# 1345053
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 warehouse contains 7,500 square feet on a 0.94-acre property, with an open interior arrangement, high ceilings, and durable flooring. Built in 2000, the facility provides a flexible commercial setting for manufacturing, storage, distribution, or other uses identified for the property.
The building is located at 921 E Douglas Street in Prairie Grove, Arkansas, just off Business 62. Its configuration offers a straightforward base for businesses seeking adaptable industrial space without a heavily segmented layout.
The building is located at 921 E Douglas Street in Prairie Grove, Arkansas, just off Business 62. Its configuration offers a straightforward base for businesses seeking adaptable industrial space without a heavily segmented layout.
Key Highlights
- 7,500‑square‑foot warehouse on 0.94 acres
- Open interior floor plan with high ceilings
- Durable flooring throughout the facility
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
$45,924
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
5.96%
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%
$918,480
$918.5K
Cap Rate 7%
$656,057
$656.1K
Cap Rate 9%
$510,267
$510.3K
Market Conditions
NOI Build-Up for 7,500 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
$60.3K $8.04/SF
− Vacancy
−$6.3K −$0.84/SF
EGI
$54.0K $7.20/SF
− OpEx
−$8.1K −$1.08/SF
NOI
$45.9K $6.12/SF
Area
Washington County, AR
Vacancy
10.40%
Lease Rate
$8.04 /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%
$918,480
Cap Rate 7%
$656,057
Cap Rate 9%
$510,267
Alternative Uses
Best Use
Warehouse
$656.1K
$574.1K – $765.4K
NOI $45,924 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$626.4K
$548.1K – $730.8K
NOI $43,848 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,918 @ 7.0% cap · market cap 18.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72753, AR
10,525
Population
4,078
Households
2.6
Avg Household Size
37
Median Age
20%
College-Educated
92%
High-School Grad
89.2 sq mi
ZIP Area
118
Density / Sq Mi
$64,701
Median Household Income
$40,264
Median Earnings
$911
Median Rent
$227,900
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.
Similar Off Market Nearby
- Prairie Grove Self Storage — 930 E Parks St, Prairie Grove, AR 72753
- Bo Speed — US-62, Prairie Grove, AR 72753
Frequently Asked Questions
What type of property is this?
Warehouse - Open interior layout supports manufacturing, storage, distribution, and other commercial operations.
Where is this warehouse located?
The property is located at 921 E Douglas Street Prairie Grove, AR.
What is the asking price?
The asking price for this property is $769,999.
What are key features of this property?
This property features: 7,500‑square‑foot warehouse on 0.94 acres; Open interior floor plan with high ceilings; Durable flooring throughout the facility
