Flex Building With Drive-Through
For Sale
Contact for pricing
11 Diamond Ice, Greenbrier, AR 72058
Recently built flex property combining professional office areas with a functional warehouse and shop layout.
Property Size7,200 SF
Price / SF$0.83
Days on Market52
Property Features for 11 Diamond Ice
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Land
Building Details
Year Built
2023
Listing Agency:
Baxley-Penfield-Moudy Realtors
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 14 at 10:30PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Constructed in 2023, this 7,200-square-foot flex building combines a professional office component with warehouse and shop functionality. The interior includes a reception area, several offices, a conference room, kitchen area, and storage space. The warehouse is equipped with five overhead doors, including four with drive-through capability, supporting flexible movement through the work area.
The property is positioned directly off Highway 64, providing convenient access to the surrounding area. Ample on-site parking is also included, adding practical support for office personnel, visitors, and warehouse operations.
The property is positioned directly off Highway 64, providing convenient access to the surrounding area. Ample on-site parking is also included, adding practical support for office personnel, visitors, and warehouse operations.
Key Highlights
- 7,200‑square‑foot flex building constructed in 2023
- Five overhead warehouse doors, including four with drive‑through capability
- Reception area, several offices, conference room, kitchen area, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,651
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,020
$633.0K
Cap Rate 7%
$452,157
$452.2K
Cap Rate 9%
$351,678
$351.7K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$47.5K $6.60/SF
− Vacancy
−$2.3K −$0.32/SF
EGI
$45.2K $6.28/SF
− OpEx
−$13.6K −$1.88/SF
NOI
$31.7K $4.40/SF
Area
Faulkner County, AR
Vacancy
4.85%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,020
Cap Rate 7%
$452,157
Cap Rate 9%
$351,678
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.50M
NOI $90,296 @ 7.0% cap · market cap 1,504.93%
Second Best
Flex RnD
$624.6K
$546.5K – $728.7K
NOI $43,723 @ 7.0% cap · market cap 728.72%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,957 @ 7.0% cap · market cap 1,915.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72058, AR
18,525
Population
7,143
Households
2.6
Avg Household Size
37
Median Age
28%
College-Educated
96%
High-School Grad
157.3 sq mi
ZIP Area
118
Density / Sq Mi
$80,406
Median Household Income
$48,578
Median Earnings
$1,027
Median Rent
$203,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Recently built flex property combining professional office areas with a functional warehouse and shop layout.
Where is this flex space located?
The property is located at 11 Diamond Ice Greenbrier, AR.
What are key features of this property?
This property features: 7,200‑square‑foot flex building constructed in 2023; Five overhead warehouse doors, including four with drive‑through capability; Reception area, several offices, conference room, kitchen area, and storage
