Modern Shop in Growing
1245 N Center Street Elkins, AR 72727
1245 N Center Street, Elkins, AR, 72727
$859,000
For Sale
$859,000
Versatile 5-bay shop with prime highway frontage in Elkins.
Property Size4,800 SF
Price / SF$178.96
Days on Market220
Property Features for 1245 N Center Street
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2024
Listing Agency
Discover Real Estate
(479) 200-7189
Listed by
David Howard · License #SA00081521
(479) 200-7189
Source
Exitrealty
Added: Dec 9, 2025 Checked: Jul 17 at 4:22 am
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 Discover Real Estate
Investment Insights
Based on property information with market context.
This commercial property, constructed in 2024, is located on Hwy 16 in Elkins. The versatile 5-bay shop features an open floor plan suitable for various businesses, including mechanical, service, fabrication, storage, or investment ventures. The 4,800-square-foot building includes overhead heat, a dedicated office space, and a full bathroom. The property is fully fenced, with standard fencing in the front and tall, high-security fencing in the back, suitable for equipment or inventory storage. Exterior features include an asphalt driveway and gravel parking areas in both the front and rear, providing accessibility for employees, customers, and larger vehicles. The property offers visibility and accessibility due to its highway frontage.
Key Highlights
- Prime Hwy 16 road frontage offers outstanding visibility and accessibility.
- New 2024 construction in a high‑growth Elkins market.
- Versatile 5‑bay shop with an open floor plan suitable for various businesses.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $18.00 |
| − Vacancy | −$5.7k | −$1.19 |
| EGI | $80.7k | $16.81 |
| − OpEx | −$24.2k | −$5.04 |
| NOI | $56.5k | $11.77 |
4,800 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$807.0K
$706.1K – $941.5K
NOI $56,488 @ 7.0% cap · market cap 6.58%
Second Best
Industrial
$400.9K
$350.8K – $467.7K
NOI $28,063 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,188 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile 5-bay shop with prime highway frontage in Elkins.
Where is this flex space located?
The property is located at 1245 N Center Street Elkins, AR.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Prime Hwy 16 road frontage offers outstanding visibility and accessibility.; New 2024 construction in a high‑growth Elkins market.; Versatile 5‑bay shop with an open floor plan suitable for various businesses.
