Multi-Entry Flex
For Sale
$749,900
1041 Lantrip Rd, Sherwood, AR 72120
Adaptable commercial building combining office, retail, and small-warehouse areas with multiple access points and overhead doors.
Property Size9,000 SF
Price / SF$83.32
Days on Market57
Property Features for 1041 Lantrip Rd
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Land
Zoning
C-4 General Commercial
Building Details
Year Built
1998
Buildings
1
Building Size
9,000 SF
Listing Agency:
Baxley-Penfield-Moudy Realtors
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Aug 21
Changed: Oct 15
Last Checked: Oct 14 at 11:08PM
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 Baxley-Penfield-Moudy Realtors
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Investment Insights
Based on property information with market context.
Built in 1998, this 9,000-square-foot flex building combines office, retail, and small-warehouse areas within a connected layout. Four separate entry points support a potential division into approximately four units of 2,250 square feet each, with one overhead door serving each unit at the rear. The interior includes numerous offices and rooms, lobby and retail areas, six bathrooms, and multiple kitchen areas with a hand-washing station.
The property is located in Sherwood Commercial Park at 1041 Lantrip Rd in Sherwood, Arkansas. Its C-4 General Commercial designation supports the existing blend of office, retail, and small-warehouse functions. The layout provides a range of existing spaces for an owner-user or multi-unit configuration without relying on a single large open floor area.
The property is located in Sherwood Commercial Park at 1041 Lantrip Rd in Sherwood, Arkansas. Its C-4 General Commercial designation supports the existing blend of office, retail, and small-warehouse functions. The layout provides a range of existing spaces for an owner-user or multi-unit configuration without relying on a single large open floor area.
Key Highlights
- 9,000‑square‑foot flex building constructed in 1998
- C‑4 General Commercial designation
- Four entry points support division into approximately four 2,250‑square‑foot units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,654
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building combining office, retail, and small-warehouse areas with multiple access points and overhead doors.
Where is this flex space located?
The property is located at 1041 Lantrip Rd 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‑foot flex building constructed in 1998; C‑4 General Commercial designation; Four entry points support division into approximately four 2,250‑square‑foot units
