Flex Space with
For Sale
$2,500,000
120 Commercial Avenue, Lowell, AR 72745
Commercial building combines open areas, bay access, and an attached apartment.
Property Size12,000 SF
Price / SF$209.73
Days on Market11
Property Features for 120 Commercial Avenue
General Information
Standard status
Active
Size
12,000 SF
Property subtype
CommercialSale
Additional Details
Highway Access
Yes
Amenities
high ceilings
large windows
bay garage doors
large showroom
attached apartment
backyard
storage
flexible floor plan
Building Details
Buildings
1
Building Size
12,000 SF
Listing Agency:
Collier & Associates- Rogers Branch
(479) 644-7656
Listed By:
Jennifer Grimes (TEAM ID:RUBYPOOLETEAM)
(479) 644-7656
Source:
Connectrealtynwa
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 28 at 9:00PM
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 Collier & Associates- Rogers Branch
Investment Insights
Based on property information with market context.
This flex-space property is a commercial building with an adaptable interior, high ceilings, large windows, multiple bay garage doors, and a substantial showroom. The layout includes open areas, an upstairs bedroom or office with a bathroom, and additional storage. A 1,900-square-foot attached apartment includes a backyard suitable for entertaining.
Located at 120 Commercial Ave in Lowell, Arkansas, the property provides access to major highways and includes on-site parking. Built in 2000, the building can accommodate retail, office, or mixed-use applications identified for the property.
Located at 120 Commercial Ave in Lowell, Arkansas, the property provides access to major highways and includes on-site parking. Built in 2000, the building can accommodate retail, office, or mixed-use applications identified for the property.
Key Highlights
- 1,900‑square‑foot attached apartment with backyard
- Several bay garage doors support flexible commercial use
- Large showroom and open interior areas
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
$184,972
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
7.40%
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%
$3,699,440
$3.7M
Cap Rate 7%
$2,642,457
$2.6M
Cap Rate 9%
$2,055,244
$2.1M
Market Conditions
NOI Build-Up for 11,920 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
$264.6K $22.20/SF
− Vacancy
−$18.0K −$1.51/SF
EGI
$246.6K $20.69/SF
− OpEx
−$61.7K −$5.17/SF
NOI
$185.0K $15.52/SF
Area
Benton County, AR
Vacancy
6.80%
Lease Rate
$22.20 /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%
$3,699,440
Cap Rate 7%
$2,642,457
Cap Rate 9%
$2,055,244
Alternative Uses
Best Use
Office B
$2.64M
$2.31M – $3.08M
NOI $184,972 @ 7.0% cap · market cap 7.40%
Second Best
Retail
$1.94M
$1.70M – $2.26M
NOI $135,603 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$3.28M
$2.87M – $3.82M
NOI $229,299 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72745, AR
13,371
Population
5,324
Households
2.5
Avg Household Size
35
Median Age
26%
College-Educated
85%
High-School Grad
31.8 sq mi
ZIP Area
420
Density / Sq Mi
$88,958
Median Household Income
$49,144
Median Earnings
$1,119
Median Rent
$255,700
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 - Commercial building combines open areas, bay access, and an attached apartment.
Where is this flex space located?
The property is located at 120 Commercial Avenue Lowell, AR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1,900‑square‑foot attached apartment with backyard; Several bay garage doors support flexible commercial use; Large showroom and open interior areas
