Flex Space With Covered
For Sale
$135,000
102 Main Street, England, AR 72046
The property includes office space, a metal building, and covered parking.
Property Size861 SF
Lot Size0.24 Acres
Days on Market217
Property Features for 102 Main Street
General Information
Standard status
Active
Size
861 SF
Total Parking Spaces
50
Lot size
0.24 Acres
Property subtype
Commercial
Zoning
General Commercial
Building Details
Building Size
861 SF
Year Built
2000
Buildings
2
Stories
1
Listing Agency:
Young Home Sales
(870) 692-4382
Listed By:
Jessica Lyons
(870) 692-4382
Source:
Jcthornton
Added: Jan 15
Changed: Aug 16
Last Checked: Aug 19 at 3:34PM
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 Young Home Sales
Investment Insights
Based on property information with market context.
Built in 2000, this flex space combines office accommodations with a separate metal building and covered parking. The property occupies a 10,500 sqft. lot and is designated General Commercial.
Located at 102 Main Street in England, Arkansas, the property offers a combination of office and accessory building space within an established commercial setting.
Located at 102 Main Street in England, Arkansas, the property offers a combination of office and accessory building space within an established commercial setting.
Key Highlights
- 10,500 sqft. lot
- Office space included
- Additional metal building on site
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
$8,198
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
6.07%
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%
$163,960
$164.0K
Cap Rate 7%
$117,114
$117.1K
Cap Rate 9%
$91,089
$91.1K
Market Conditions
NOI Build-Up for 861 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
$12.3K $14.28/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$10.9K $12.69/SF
− OpEx
−$2.7K −$3.17/SF
NOI
$8.2K $9.52/SF
Area
Lonoke County, AR
Vacancy
11.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
25.00%
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%
$163,960
Cap Rate 7%
$117,114
Cap Rate 9%
$91,089
Alternative Uses
Best Use
Office B
$117.1K
$102.5K – $136.6K
NOI $8,198 @ 7.0% cap · market cap 6.07%
Second Best
Flex RnD
$48.5K
$42.4K – $56.6K
NOI $3,394 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$175.3K
$153.4K – $204.5K
NOI $12,271 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72046, AR
3,965
Population
1,897
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
86%
High-School Grad
232.8 sq mi
ZIP Area
17
Density / Sq Mi
$57,952
Median Household Income
$39,444
Median Earnings
$784
Median Rent
$99,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - The property includes office space, a metal building, and covered parking.
Where is this flex space located?
The property is located at 102 Main Street England, AR.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 10,500 sqft. lot; Office space included; Additional metal building on site
