Flex Space with Overhead
For Sale
$749,900
1041 Lantrip Road, Sherwood, AR 72120
Commercial / Industrial, Traditional, Sherwood, AR
Property Size9,000 SF
Lot Size0.82 Acres
Price / SF$83.32
Days on Market49
Property Features for 1041 Lantrip Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Parking
26
Interior features
Display Window, Kitchen Area, In-Unit Bathroom
Exterior features
Partially Fenced, Guttering, Overhead Doors
Fencing
Partial
Lot features
Level, Neighbor Business
Directions
I-67/167 to Brockington exit, then go to Warden road and turn right on Commercial Parkway, or Kiehl to Lantrip
Subdivision
SHERWOOD
Standard status
Active
Size
9,000 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 42 Sherwood Com Park PH I
Tax Annual Amount
5697
Legal Description
Lot 42 Sherwood Com Park PH I
Building Details
Year built
1998
Floors in Building
1
Flooring type
Vinyl, Concrete
Roof type
Metal
Architectural style
Other
Listing Agency:
Edge Realty
(501) 843-4663
Listed By:
Corbin Kidd
(501) 416-9669
Added: Aug 19
Changed: Sep 14
Last Checked: Oct 6 at 5:06PM
MLS# 26033915
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.
The 9,000-square-foot flex property at 1041 Lantrip Road provides a connected mix of office, retail, and small-warehouse space. Four front entrances offer a path to reconfigure the building into approximately four 2,250-square-foot units, with an overhead door serving the rear of each area. Interior features include multiple offices and rooms, lobby and display areas, six bathrooms, kitchen areas, and a hand-washing station. Vinyl and concrete flooring, a metal roof, partial fencing, guttering, and overhead doors are also in place.
Built in 1998, the property occupies 0.82 acres in the Sherwood Commercial Park in Sherwood, Arkansas. Its C-4 General Commercial designation supports the existing office, retail, and small-warehouse configuration. The address is within ZIP code 72120 and Pulaski County.
Built in 1998, the property occupies 0.82 acres in the Sherwood Commercial Park in Sherwood, Arkansas. Its C-4 General Commercial designation supports the existing office, retail, and small-warehouse configuration. The address is within ZIP code 72120 and Pulaski County.
Key Highlights
- 9,000 square feet of connected office, retail, and small‑warehouse space
- 0.82‑acre property in Sherwood Commercial Park
- C‑4 General Commercial designation
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.
Property Analytics
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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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - C-4 General Commercial property combines office, retail, and small-warehouse areas.
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 connected office, retail, and small‑warehouse space; 0.82‑acre property in Sherwood Commercial Park; C‑4 General Commercial designation
