Flex Building With Roll-Up
For Sale
$2,200,000
1005 Bloomington Street, Lowell, AR 72745
CommercialSale, Lowell, AR
Property Size10,500 SF
Lot Size1.44 Acres
Price / SF$208.53
Days on Market588
Property Features for 1005 Bloomington Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Property condition
Under Construction
Zoning description
Commercial
Parking
26
Lot features
Central Business District, City Lot
Directions
From I-49, Exit 78(AR-264) / E on AR-264(W Monroe Ave) / L on Bloomington (US 71B) / One mile on the right.
Standard status
Active
APN
12-00352-000
Size
10,550 SF
Lot size
1.44 Acres
Taxes and HOA fees
Tax Description
STR 36-19-30
Legal Description
STR 36-19-30
Utilities
Water source
Public
Building Details
Year built
2024
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Lindsey & Assoc Inc Branch
(479) 636-2200
Listed By:
Bob Orband · License #SA00061791
(479) 659-1804
Added: Jan 16, 2025
Changed: Aug 19
Last Checked: Aug 27 at 2:06AM
MLS# 1296313
Copyright © 2026 ArkansasONE MLS. 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.
This 2024 flex property is under construction on approximately 1.44 acres and includes a 10,550-square-foot metal-sided building with a metal roof. The layout comprises five sections, each measuring 30 feet by 70 feet, with 12-foot roll-up doors serving each section; Section A has two such doors. Public water is available, and an additional vacant lot beside the building expands the site configuration for parking, expansion, or future development.
The property fronts Hwy 71B/Bloomington in Lowell, with approximately 20,000+ vehicles passing daily. Its location provides access to JB Hunt HQ, I-49, and downtown Rogers, each identified as minutes away. The address is 1005 Bloomington Street, Lowell, Arkansas 72745.
The property fronts Hwy 71B/Bloomington in Lowell, with approximately 20,000+ vehicles passing daily. Its location provides access to JB Hunt HQ, I-49, and downtown Rogers, each identified as minutes away. The address is 1005 Bloomington Street, Lowell, Arkansas 72745.
Key Highlights
- 2024 flex building under construction with 10,550 SF
- Approximately 1.44 acres plus an adjoining vacant lot
- Five 30' x 70' sections with 12' roll‑up doors
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
$106,911
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
4.86%
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%
$2,138,220
$2.1M
Cap Rate 7%
$1,527,300
$1.5M
Cap Rate 9%
$1,187,900
$1.2M
Market Conditions
NOI Build-Up for 10,550 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
$177.2K $16.80/SF
− Vacancy
−$12.8K −$1.21/SF
EGI
$164.5K $15.59/SF
− OpEx
−$57.6K −$5.46/SF
NOI
$106.9K $10.13/SF
Area
Benton County, AR
Vacancy
7.20%
Lease Rate
$16.80 /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%
$2,138,220
Cap Rate 7%
$1,527,300
Cap Rate 9%
$1,187,900
Alternative Uses
Best Use
Flex RnD
$1.53M
$1.34M – $1.78M
NOI $106,911 @ 7.0% cap · market cap 4.86%
Second Best
Warehouse
$688.7K
$602.6K – $803.5K
NOI $48,209 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $202,945 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Under-served
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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- CATERING CONCEPTS — 903 N Bloomington St #101a, Lowell, AR 72745
Frequently Asked Questions
What type of property is this?
Flex space - Under-construction commercial building with multiple bays, public water, and an adjoining lot for future flexibility.
Where is this flex space located?
The property is located at 1005 Bloomington Street Lowell, AR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 2024 flex building under construction with 10,550 SF; Approximately 1.44 acres plus an adjoining vacant lot; Five 30' x 70' sections with 12' roll‑up doors
