Flex Space with Shop
For Sale
$675,000
281 Hwy 64, Beebe, AR 72012
Heated and cooled offices accompany four heated shop bays and covered parking.
Property Size2,000 SF
Price / SF$105.47
Days on Market1881
Property Features for 281 Hwy 64
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
65
Property subtype
Commercial
Zoning
Central Business
Additional Details
Office Build-Out
2,000 SF
Amenities
kitchenette
covered parking
Building Details
Building Size
2,000 SF
Year Built
2010
Stories
1
Listing Agency:
Plantation Realty
(501) 590-8713
Listed By:
Beth Junior
(501) 590-8713
Source:
Jcthornton
Added: Jul 1, 2021
Changed: Aug 23
Last Checked: Aug 23 at 12:54PM
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 Plantation Realty
Investment Insights
Based on property information with market context.
Built in 2010, this flex property provides 6,400 sq. ft. under roof with a combination of office and shop areas. The 2,000 sq. ft. office component includes heating and cooling, a kitchenette, and two bathrooms. Four oversized shop bays comprise 3,200 sq. ft. and are heated, with an additional bathroom serving the shop area.
The property also includes 1,200 sq. ft. of covered parking. Located at 281 Hwy 64 in Beebe, Arkansas, the building offers a practical configuration for businesses needing both conditioned administrative space and substantial service or storage areas.
The property also includes 1,200 sq. ft. of covered parking. Located at 281 Hwy 64 in Beebe, Arkansas, the building offers a practical configuration for businesses needing both conditioned administrative space and substantial service or storage areas.
Key Highlights
- 6,400 sq. ft. under roof
- 2,000 sq. ft. of heated and cooled office space
- Four oversized shop bays totaling 3,200 sq. ft.
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
$61,448
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
9.10%
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%
$1,228,960
$1.2M
Cap Rate 7%
$877,829
$877.8K
Cap Rate 9%
$682,756
$682.8K
Market Conditions
NOI Build-Up for 6,400 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
$92.2K $14.40/SF
− Vacancy
−$10.2K −$1.60/SF
EGI
$81.9K $12.80/SF
− OpEx
−$20.5K −$3.20/SF
NOI
$61.4K $9.60/SF
Area
White County, AR
Vacancy
11.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,228,960
Cap Rate 7%
$877,829
Cap Rate 9%
$682,756
Alternative Uses
Best Use
Office B
$877.8K
$768.1K – $1.02M
NOI $61,448 @ 7.0% cap · market cap 9.10%
Second Best
Flex RnD
$777.6K
$680.4K – $907.3K
NOI $54,435 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,930 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72012, AR
13,407
Population
6,110
Households
2.2
Avg Household Size
36
Median Age
19%
College-Educated
89%
High-School Grad
96.2 sq mi
ZIP Area
139
Density / Sq Mi
$59,167
Median Household Income
$38,435
Median Earnings
$789
Median Rent
$169,700
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 - Heated and cooled offices accompany four heated shop bays and covered parking.
Where is this flex space located?
The property is located at 281 Hwy 64 Beebe, AR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 6,400 sq. ft. under roof; 2,000 sq. ft. of heated and cooled office space; Four oversized shop bays totaling 3,200 sq. ft.
