Flex Space with
For Sale
$275,000
120 S Cumberland, Russellville, AR 72802
Includes warehouse space with flexibility for retail, office, or production use.
Property Size2,250 SF
Price / SF$122.22
Days on Market50
Property Features for 120 S Cumberland
General Information
Standard status
Active
Size
2,250 SF
Listing Agency:
LIVE. LOVE. ARKANSAS
(479) 747-2466
Listed By:
TABATHA DAVIS TEAM
(479) 747-2466
Source:
Connectrealtynwa
Added: Jul 14
Changed: Aug 31
Last Checked: Aug 31 at 4:56PM
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 LIVE. LOVE. ARKANSAS
Investment Insights
Based on property information with market context.
This flex space combines a commercial building with an integrated warehouse area. The property previously operated as a T-shirt and printing business, and the available configuration is described as suitable for retail, office, or production functions. Existing business equipment may be purchased separately from the real estate.
The property is located at 120 S Cumberland in Russellville, on the west side of town. The site is described as offering visibility and convenient access for commercial operations.
The property is located at 120 S Cumberland in Russellville, on the west side of town. The site is described as offering visibility and convenient access for commercial operations.
Key Highlights
- Commercial building includes warehouse space
- Previously operated as a T‑shirt and printing business
- Flexible use profile supports retail, office, or production functions
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
$19,137
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
6.96%
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%
$382,740
$382.7K
Cap Rate 7%
$273,386
$273.4K
Cap Rate 9%
$212,633
$212.6K
Market Conditions
NOI Build-Up for 2,250 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
$31.6K $14.04/SF
− Vacancy
−$2.1K −$0.95/SF
EGI
$29.4K $13.09/SF
− OpEx
−$10.3K −$4.58/SF
NOI
$19.1K $8.51/SF
Area
Pope County, AR
Vacancy
6.80%
Lease Rate
$14.04 /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%
$382,740
Cap Rate 7%
$273,386
Cap Rate 9%
$212,633
Alternative Uses
Best Use
Flex RnD
$273.4K
$239.2K – $319.0K
NOI $19,137 @ 7.0% cap · market cap 6.96%
Second Best
Warehouse
$146.9K
$128.5K – $171.4K
NOI $10,282 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$359.5K
$314.6K – $419.4K
NOI $25,164 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72802, AR
22,752
Population
9,687
Households
2.3
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
137.7 sq mi
ZIP Area
165
Density / Sq Mi
$61,664
Median Household Income
$37,206
Median Earnings
$887
Median Rent
$196,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Adams Catfish Express & Catering — 3109 W Main St, Russellville, AR 72801
Frequently Asked Questions
What type of property is this?
Flex space - Includes warehouse space with flexibility for retail, office, or production use.
Where is this flex space located?
The property is located at 120 S Cumberland Russellville, AR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Commercial building includes warehouse space; Previously operated as a T‑shirt and printing business; Flexible use profile supports retail, office, or production functions
