Flex Building with Overhead
New
For Sale
$749,900
1041 Lantrip Road, Sherwood, AR 72120
C-4 commercial building combines office, retail, and small-warehouse functionality with multiple access points.
Property Size9,000 SF
Price / SF$83.32
Days on Market4
Property Features for 1041 Lantrip Road
General Information
Standard status
Active
Size
9,000 SF
Total Parking Spaces
26
Property subtype
Commercial
Zoning
General Commercial, C-4
Building Details
Building Size
9,000 SF
Year Built
1998
Buildings
1
Stories
1
Listing Agency:
Edge Realty
(501) 416-9669
Listed By:
Corbin Kidd
(501) 416-9669
Source:
Jcthornton
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 22 at 3:03AM
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 Edge Realty
Investment Insights
Based on property information with market context.
Built in 1998, this 9,000-square-foot flex property is configured for office, retail, and small-warehouse use. The building is currently interconnected and includes multiple offices and rooms, lobby and retail areas, six bathrooms, several kitchen areas, and a hand-washing station.
Four front entrances create the potential for approximately four 2,250-square-foot units. Each prospective unit has its own large overhead door at the rear, providing a practical layout for separate occupancy or an owner-operated configuration. The property is located in the Sherwood Commercial Park at 1041 Lantrip Road in Sherwood, Arkansas, with General Commercial, C-4 zoning.
Four front entrances create the potential for approximately four 2,250-square-foot units. Each prospective unit has its own large overhead door at the rear, providing a practical layout for separate occupancy or an owner-operated configuration. The property is located in the Sherwood Commercial Park at 1041 Lantrip Road in Sherwood, Arkansas, with General Commercial, C-4 zoning.
Key Highlights
- 9,000 square feet of flex space
- General Commercial, C‑4 zoning
- Four front entrances with potential for approximately four 2,250‑square‑foot units
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
$54,654
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
7.29%
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%
$1,093,080
$1.1M
Cap Rate 7%
$780,771
$780.8K
Cap Rate 9%
$607,267
$607.3K
Market Conditions
NOI Build-Up for 9,000 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
$89.6K $9.96/SF
− Vacancy
−$5.6K −$0.62/SF
EGI
$84.1K $9.34/SF
− OpEx
−$29.4K −$3.27/SF
NOI
$54.7K $6.07/SF
Area
Pulaski County, AR
Vacancy
6.20%
Lease Rate
$9.96 /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%
$1,093,080
Cap Rate 7%
$780,771
Cap Rate 9%
$607,267
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.38M
NOI $83,056 @ 7.0% cap · market cap 11.08%
Second Best
Office B
$1.08M
$940.9K – $1.25M
NOI $75,269 @ 7.0% cap · market cap 10.04%
Theoretical Best
Specialty Retail
$1.72M
$1.50M – $2.00M
NOI $120,173 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
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 - C-4 commercial building combines office, retail, and small-warehouse functionality with multiple access points.
Where is this flex space located?
The property is located at 1041 Lantrip Road Sherwood, AR.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 9,000 square feet of flex space; General Commercial, C‑4 zoning; Four front entrances with potential for approximately four 2,250‑square‑foot units
