Retail and Distribution
For Sale
$1,100,000
10186 Hwy 63 N, Bono, AR 72416
COMMERCIAL - Bono, AR
Property Size20,000 SF
Lot Size1.18 Acres
Price / SF$55
Days on Market170
Property Features for 10186 Hwy 63 N
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
25
Directions
Take Hwy 63 from Jonesboro to Bono. Just past the Maverick Conv Store is the property on the N side of the Road.
Subdivision
BONO
Standard status
Active
Size
20,000 SF
Lot size
1.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt SW 1.18ac Sec29-Twp15-Rng3
Tax Annual Amount
8900
Legal Description
Pt SW 1.18ac Sec29-Twp15-Rng3
Building Details
Year built
2010
Floors in Building
1
Listing Agency:
Halsey Real Estate
(870) 972-9191
Listed By:
Martin Young · License #00071488
(870) 930-9017
Added: Mar 18
Changed: Aug 4
Last Checked: Sep 3 at 6:06AM
MLS# 26011536
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 20,000 sq ft building is suited for retail and distribution, with 100% heated and cooled floor space and rack space storage. The layout includes offices and retail floor space, with displays throughout and office space both on the main level and up. The property also includes three dock-high doors, grade level doors, and three-phase power, supporting a range of distribution needs.
Located along Hwy 63 north in Bono, the building is positioned on a heavily traveled route from Jonesboro toward Pocahontas and Mountain Home, AR. It is next door to another high-traffic business with a constant flow of patrons.
The combination of conditioned retail space, interior offices, and multiple loading options makes the building workable for tenants seeking both showroom-style space and practical distribution access.
Located along Hwy 63 north in Bono, the building is positioned on a heavily traveled route from Jonesboro toward Pocahontas and Mountain Home, AR. It is next door to another high-traffic business with a constant flow of patrons.
The combination of conditioned retail space, interior offices, and multiple loading options makes the building workable for tenants seeking both showroom-style space and practical distribution access.
Key Highlights
- 20,000 SF retail/distribution building built in 2010 with office space and retail floor space
- 100% heated and cooled floor space plus rack space storage
- Three dock‑high doors and grade level doors for loading and distribution access
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
$97,053
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
8.82%
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%
$1,941,060
$1.9M
Cap Rate 7%
$1,386,471
$1.4M
Cap Rate 9%
$1,078,367
$1.1M
Market Conditions
NOI Build-Up for 20,000 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
$120.0K $6.00/SF
− Vacancy
−$5.8K −$0.29/SF
EGI
$114.2K $5.71/SF
− OpEx
−$17.1K −$0.86/SF
NOI
$97.1K $4.85/SF
Area
Craighead County, AR
Vacancy
4.85%
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%
$1,941,060
Cap Rate 7%
$1,386,471
Cap Rate 9%
$1,078,367
Alternative Uses
Best Use
Retail
$2.43M
$2.13M – $2.84M
NOI $170,372 @ 7.0% cap · market cap 15.49%
Second Best
Flex RnD
$1.74M
$1.52M – $2.02M
NOI $121,452 @ 7.0% cap · market cap 11.04%
Theoretical Best
Office A
$3.50M
$3.06M – $4.09M
NOI $245,103 @ 7.0% cap · market cap 22.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Dock-high doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72416, AR
5,661
Population
2,405
Households
2.4
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
88.7 sq mi
ZIP Area
64
Density / Sq Mi
$72,452
Median Household Income
$36,421
Median Earnings
$891
Median Rent
$157,700
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.
Frequently Asked Questions
What type of property is this?
Flex space - 20,000 sq ft retail and office building with heated and cooled space plus dock-high and grade-level doors.
Where is this flex space located?
The property is located at 10186 Hwy 63 N Bono, AR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 20,000 SF retail/distribution building built in 2010 with office space and retail floor space; 100% heated and cooled floor space plus rack space storage; Three dock‑high doors and grade level doors for loading and distribution access
