Building Details

Year built 2010

Floors in Building 1

Listing Agency: Halsey Real Estate Show Phone

Listed By: Martin Young Show Phone

Added: Mar 18 Changed: Oct 13 Last Checked: Oct 19 at 9:06PM

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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.

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Investment Insights

Based on property information with market context.

This 20,000-square-foot flex building, constructed in 2010, combines retail floor and display areas with offices on both levels. The full floor area is heated and cooled, and rack storage is available. Loading features include three dock-high doors and grade-level doors, supported by three-phase power and heavy-duty floors.

The property occupies 1.18 acres along Hwy 63 N in Bono. A neighboring business draws regular customer activity.

Key Highlights

• 20,000‑square‑foot building on 1.18 acres
• Three dock‑high doors, grade‑level doors, and three‑phase power
• Retail floor and display areas, offices on both levels, and rack storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$97,053

Cap Rate

8.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,941,060 $1.9M

Cap Rate 7%

$1,386,471 $1.4M

Cap Rate 9%

$1,078,367 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 20,000 SF

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 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 (±1% cap)

NOI $170,372 @ 7.0% cap · market cap 15.49%

Second Best

Flex RnD

$1.74M

$1.52M – $2.02M (±1% cap)

NOI $121,452 @ 7.0% cap · market cap 11.04%

Theoretical Best

Office A

$3.50M

$3.06M – $4.09M (±1% cap)

NOI $245,103 @ 7.0% cap · market cap 22.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency HVAC Service Pharmacy Hair Salon Building Supply Big Box & Wholesale Store

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

Lease Details

3

Dock-high doors

Yes

Highway access

Yes

Paved road access

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Retail areas, offices, and warehouse features support a range of commercial configurations.

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‑square‑foot building on 1.18 acres; Three dock‑high doors, grade‑level doors, and three‑phase power; Retail floor and display areas, offices on both levels, and rack storage