Insulated Flex Warehouse
308 Thomas Rd White Hall, AR 71602
308 Thomas Rd, White Hall, AR, 71602
$780,000
For Sale
$780,000
Four insulated 50x50 buildings on 1.33 acres with 14x14 overhead doors, covered lean-tos, separate power, and individual addresses.
Property Size10,000 SF
Lot Size1.33 Acres
Price / SF$78
Days on Market709
Property Features for 308 Thomas Rd
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 1.33 Acres
Listing agency
Lisa Attwood Realty
(870) 329-4350
Listed by
Lisa Attwood
(870) 329-4350
Source
Exprealty
Added: Aug 12, 2024 Updated: Jul 21 at 9:06AM Checked: Jul 21 at 9:06AM
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 Lisa Attwood Realty
Investment Insights
Based on property information with market context.
This flex warehouse complex features four large 50x50 insulated buildings on 1.33 acres of land. Each building has its own address and separate power supply. The buildings are supported by 14x14 overhead (commercial garage) doors, providing straightforward dock-height loading access. There are also two covered lean-tos measuring 17.5 by 210 with 30-foot bays.
One of the 50x50 buildings has been converted into a three-bedroom, two-bath home with a kitchen, dining room, and laundry room. One building is currently used as an office, and another is set up as an option with a 35x50 showroom including three offices. A fourth building is currently leased.
The property is described as being located right off Interstate 530 in a high-traffic area with visibility, offering multiple configurations suited to mixed office, showroom, light industrial, or storage uses within the same facility.
One of the 50x50 buildings has been converted into a three-bedroom, two-bath home with a kitchen, dining room, and laundry room. One building is currently used as an office, and another is set up as an option with a 35x50 showroom including three offices. A fourth building is currently leased.
The property is described as being located right off Interstate 530 in a high-traffic area with visibility, offering multiple configurations suited to mixed office, showroom, light industrial, or storage uses within the same facility.
Key Highlights
- Four insulated 50x50 buildings on 1.33 acres, right off Interstate 530
- Each building has a 14x14 overhead door with commercial garage doors
- Separate power supply and individual addresses for each building
Local Financial Insights For Warehouse
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 | $66.0k | $6.60 |
| − Vacancy | −$6.9k | −$0.69 |
| EGI | $59.1k | $5.91 |
| − OpEx | −$8.9k | −$0.89 |
| NOI | $50.3k | $5.03 |
10,000 SF · lease $6.60/SF/yr · vacancy 10.40% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$2.08M
$1.82M – $2.43M
NOI $145,818 @ 7.0% cap · market cap 18.69%
Second Best
Office B
$1.93M
$1.68M – $2.25M
NOI $134,761 @ 7.0% cap · market cap 17.28%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,468 @ 7.0% cap · market cap 23.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Four insulated 50x50 buildings on 1.33 acres with 14x14 overhead doors, covered lean-tos, separate power, and individual addresses.
Where is this flex space located?
The property is located at 308 Thomas Rd White Hall, AR.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Four insulated 50x50 buildings on 1.33 acres, right off Interstate 530; Each building has a 14x14 overhead door with commercial garage doors; Separate power supply and individual addresses for each building
