New Construction Commercial
For Sale
$2,200,000
1005 Bloomington Street, Lowell, AR 72745
New commercial building on 1.44 acres with expansion potential.
Property Size10,550 SF
Lot Size1.44 Acres
Price / SF$208.53
Days on Market579
Property Features for 1005 Bloomington Street
General Information
Standard status
Active
Size
10,550 SF
Lot size
1.44 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
2024
Listing Agency:
Lindsey & Assoc Inc Branch
(479) 659-1804
Listed By:
Bob Orband · License #SA00061791
(479) 659-1804
Source:
Exitrealty
Added: Jan 18, 2025
Changed: Aug 14
Last Checked: Aug 14 at 7:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lindsey & Assoc Inc Branch
Investment Insights
Based on property information with market context.
This new construction commercial building is located on high-traffic Hwy 71B/Bloomington, which sees approximately 20,000+ vehicles per day. The property sits on approximately 1.44 acres and includes an additional empty lot next to the building, offering flexibility for expansion, parking, or future development. The building features 5 sections, each measuring 30' x 70', with 12' roll-up doors on each section. Section A includes two 12' roll-up doors. The property offers excellent visibility and access and is located just minutes from JB Hunt HQ, I-49, and downtown Rogers. The building's size is 10,550 square feet.
Key Highlights
- High‑traffic location on Hwy 71B/Bloomington with 20,000+ vehicles per day.
- New construction (2024) commercial building.
- Includes an additional empty lot for expansion or development.
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
$106,911
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
4.86%
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%
$2,138,220
$2.1M
Cap Rate 7%
$1,527,300
$1.5M
Cap Rate 9%
$1,187,900
$1.2M
Market Conditions
NOI Build-Up for 10,550 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
$177.2K $16.80/SF
− Vacancy
−$12.8K −$1.21/SF
EGI
$164.5K $15.59/SF
− OpEx
−$57.6K −$5.46/SF
NOI
$106.9K $10.13/SF
Area
Benton County, AR
Vacancy
7.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$2,138,220
Cap Rate 7%
$1,527,300
Cap Rate 9%
$1,187,900
Alternative Uses
Best Use
Flex RnD
$1.53M
$1.34M – $1.78M
NOI $106,911 @ 7.0% cap · market cap 4.86%
Second Best
Industrial
$567.2K
$496.3K – $661.7K
NOI $39,702 @ 7.0% cap · market cap 1.80%
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $202,945 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72745, AR
13,371
Population
5,324
Households
2.5
Avg Household Size
35
Median Age
26%
College-Educated
85%
High-School Grad
31.8 sq mi
ZIP Area
420
Density / Sq Mi
$88,958
Median Household Income
$49,144
Median Earnings
$1,119
Median Rent
$255,700
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
- CATERING CONCEPTS — 903 N Bloomington St #101a, Lowell, AR 72745
Frequently Asked Questions
What type of property is this?
Flex space - New commercial building on 1.44 acres with expansion potential.
Where is this flex space located?
The property is located at 1005 Bloomington Street Lowell, AR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: High‑traffic location on Hwy 71B/Bloomington with 20,000+ vehicles per day.; New construction (2024) commercial building.; Includes an additional empty lot for expansion or development.
