Flex Space Building with Loading
For Sale
$890,000
502 E 4th St, Russellville, AR 72801
Flex space building with a loading dock, three high roller doors, and front showroom and office areas.
Property Size18,500 SF
Price / SF$48.11
Days on Market475
Property Features for 502 E 4th St
General Information
Standard status
Active
Size
18,500 SF
Warehouse & Industrial
Drive-In Doors
3
Voltage
480 V
Three-Phase Power
Yes
Building Details
Year Built
1972
Listing Agency:
A Better Way Realty
(479) 886-4428
Listed By:
Clinton Papasan
(479) 886-4428
Source:
Exprealty
Added: Apr 12, 2025
Changed: Jul 30
Last Checked: Jul 30 at 11:16AM
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 A Better Way Realty
Investment Insights
Based on property information with market context.
This flex space building offers a mix of showroom and office space at the front of the property, with warehouse-oriented features throughout. The original building was covered by a new building in 1972, and updates included higher ceilings to allow for a second floor if desired. The building has excellent insulation and includes 480 three phase electricity, air drops, and numerous use possibilities.
Operational access includes a loading dock and three high roller doors for easy entry. Additional functional areas include front offices, and three floor level bathrooms.
Two half lots sit behind the building, which may provide additional flexibility depending on intended use. The property was formerly the Russellville Printing Building, and the front building portion could be removed if you want to reconfigure the space for other uses. Owner financing may be available.
Operational access includes a loading dock and three high roller doors for easy entry. Additional functional areas include front offices, and three floor level bathrooms.
Two half lots sit behind the building, which may provide additional flexibility depending on intended use. The property was formerly the Russellville Printing Building, and the front building portion could be removed if you want to reconfigure the space for other uses. Owner financing may be available.
Key Highlights
- Loading dock plus three high roller doors for easy loading access
- 480 three phase electricity and air drops for flexible operations
- Excellent insulation with higher ceilings added in 1972
Financial Insights For Industrial
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 | $111.0k | $6.00 |
| − Vacancy | −$8.4k | −$0.46 |
| EGI | $102.6k | $5.54 |
| − OpEx | −$30.8k | −$1.66 |
| NOI | $71.8k | $3.88 |
18,500 SF · lease $6.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.33M
$2.04M – $2.72M
NOI $162,937 @ 7.0% cap · market cap 18.31%
Second Best
Flex RnD
$2.25M
$1.97M – $2.62M
NOI $157,350 @ 7.0% cap · market cap 17.68%
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $206,904 @ 7.0% cap · market cap 23.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72801, AR
18,510
Population
7,530
Households
2.5
Avg Household Size
29
Median Age
26%
College-Educated
82%
High-School Grad
8.0 sq mi
ZIP Area
2,314
Density / Sq Mi
$42,363
Median Household Income
$22,473
Median Earnings
$837
Median Rent
$153,900
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 - Flex space building with a loading dock, three high roller doors, and front showroom and office areas.
Where is this flex space located?
The property is located at 502 E 4th St Russellville, AR.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Loading dock plus three high roller doors for easy loading access; 480 three phase electricity and air drops for flexible operations; Excellent insulation with higher ceilings added in 1972
