Insulated Flex Space with
New
For Sale
$225,000
1007 W Main Street, Atkins, AR 72823
CommercialSale, Atkins, AR
Property Size3,520 SF
Lot Size0.70 Acres
Price / SF$63.92
Days on Market2
Property Features for 1007 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Exterior features
Storage
Lot features
City Lot
Directions
West side of Atkins on the south side of Hwy 64.
Standard status
Active
APN
727-00225-001C
Size
3,520 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Description
PT SW NE 19-07N-18W
Tax Annual Amount
764
Legal Description
PT SW NE 19-07N-18W
Building Details
Year built
1995
Additional Structures
Storage
Listing Agency:
Patriot Company Real Estate
(479) 439-1933
Listed By:
Robert Weibler · License #PB00064609
(479) 970-5645
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 4 at 3:06PM
MLS# 1361110
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.
Built in 1995, this 3,520-square-foot flex space at 1007 W Main Street combines an open warehouse and storage layout with steel I-beam construction and concrete flooring. The 0.7-acre property includes a private built-in office, finished restroom, double glass-panel entry doors, loading docks, and an overhead bay door for material handling.
Insulation is installed in the ceiling and exterior walls, with suspended central HVAC trunk ductwork, auxiliary wall-mounted heating units, and overhead linear lighting. The configuration supports warehouse, distribution, light manufacturing, or retail use, subject to applicable requirements. Located in Atkins, Arkansas, the property provides a compact commercial facility with dedicated interior work and support areas.
Insulation is installed in the ceiling and exterior walls, with suspended central HVAC trunk ductwork, auxiliary wall-mounted heating units, and overhead linear lighting. The configuration supports warehouse, distribution, light manufacturing, or retail use, subject to applicable requirements. Located in Atkins, Arkansas, the property provides a compact commercial facility with dedicated interior work and support areas.
Key Highlights
- 3,520 SF flex‑space building on 0.7 acres
- Steel I‑beam construction with concrete floors
- Insulated ceiling and exterior 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
$16,085
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
7.15%
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%
$321,700
$321.7K
Cap Rate 7%
$229,786
$229.8K
Cap Rate 9%
$178,722
$178.7K
Market Conditions
NOI Build-Up for 3,520 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
$21.1K $6.00/SF
− Vacancy
−$2.2K −$0.62/SF
EGI
$18.9K $5.38/SF
− OpEx
−$2.8K −$0.81/SF
NOI
$16.1K $4.57/SF
Area
Pope 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%
$321,700
Cap Rate 7%
$229,786
Cap Rate 9%
$178,722
Alternative Uses
Best Use
Flex RnD
$427.7K
$374.2K – $499.0K
NOI $29,939 @ 7.0% cap · market cap 13.31%
Second Best
Warehouse
$229.8K
$201.1K – $268.1K
NOI $16,085 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$562.4K
$492.1K – $656.1K
NOI $39,368 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72823, AR
6,404
Population
2,792
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
91%
High-School Grad
126.6 sq mi
ZIP Area
51
Density / Sq Mi
$66,711
Median Household Income
$45,322
Median Earnings
$894
Median Rent
$140,900
Median Home Value
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 - Flexible commercial facility with warehouse, office, restroom, and loading capabilities in Atkins.
Where is this flex space located?
The property is located at 1007 W Main Street Atkins, AR.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3,520 SF flex‑space building on 0.7 acres; Steel I‑beam construction with concrete floors; Insulated ceiling and exterior walls
