Flex Building with Shop
For Sale
$259,900
15 Jsb Circle, Greenbrier, AR 72058
CommercialSale, Greenbrier, AR
Property Size3,200 SF
Lot Size0.65 Acres
Price / SF$81.22
Days on Market95
Property Features for 15 Jsb Circle
General Information
Property type
Commercial Sale
Property subtype
Office
Lot features
Central Business District, City Lot
Directions
HWY 65 N to right on Henderson Pk Rd to left on JSB Circle property is on the right see sign.
Standard status
Active
APN
001-09830-007
Size
3,200 SF
Lot size
0.65 Acres
Taxes and HOA fees
Tax Description
PT NW NE
Tax Annual Amount
1850
Legal Description
PT NW NE
Building Details
Year built
2007
Listing Agency:
Coldwell Banker Premier Realty
(479) 754-4663
Listed By:
Dylan Stanley · License #EB00067111
(479) 747-1290
Added: Jun 24
Changed: Aug 21
Last Checked: Sep 26 at 11:06AM
MLS# 1353186
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.
Built in 2007, this 3,200-square-foot flex building combines finished residential space with a dedicated shop area. The 100-by-40-foot structure includes 1,600 square feet of centrally heated and cooled living space with five bedrooms, a full kitchen, and laundry area. The balance provides functional shop space with 220-volt electrical service, a wash sink, overhead lighting, propane gas, and two 14-foot overhead doors. Decked storage is located above the living quarters, while an attached 20-by-40-foot covered carport adds enclosed outdoor utility space.
The property is located off Highway 65 in Greenbrier, Arkansas. Its combination of living accommodations, work area, storage, and covered exterior space supports several commercial configurations, including a headquarters, shop, warehouse, or office conversion.
The property is located off Highway 65 in Greenbrier, Arkansas. Its combination of living accommodations, work area, storage, and covered exterior space supports several commercial configurations, including a headquarters, shop, warehouse, or office conversion.
Key Highlights
- 3,200 +/- square feet in a 100'x40' building
- 1,600 square feet of centrally heated/cooled living space with 5 bedrooms
- 1,600 square feet of shop space with 220‑volt electrical service
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
$19,432
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
7.48%
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%
$388,640
$388.6K
Cap Rate 7%
$277,600
$277.6K
Cap Rate 9%
$215,911
$215.9K
Market Conditions
NOI Build-Up for 3,200 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
$31.9K $9.96/SF
− Vacancy
−$2.0K −$0.62/SF
EGI
$29.9K $9.34/SF
− OpEx
−$10.5K −$3.27/SF
NOI
$19.4K $6.07/SF
Area
Faulkner County, AR
Vacancy
6.20%
Lease Rate
$9.96 /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%
$388,640
Cap Rate 7%
$277,600
Cap Rate 9%
$215,911
Alternative Uses
Best Use
Office B
$573.3K
$501.6K – $668.9K
NOI $40,131 @ 7.0% cap · market cap 15.44%
Second Best
Mixed Use
$343.2K
$300.3K – $400.4K
NOI $24,024 @ 7.0% cap · market cap 9.24%
Theoretical Best
Office A
$729.9K
$638.7K – $851.5K
NOI $51,092 @ 7.0% cap · market cap 19.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72058, AR
18,525
Population
7,143
Households
2.6
Avg Household Size
37
Median Age
28%
College-Educated
96%
High-School Grad
157.3 sq mi
ZIP Area
118
Density / Sq Mi
$80,406
Median Household Income
$48,578
Median Earnings
$1,027
Median Rent
$203,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Combined residential and work areas support flexible business, storage, and live-work configurations.
Where is this flex space located?
The property is located at 15 Jsb Circle Greenbrier, AR.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 3,200 +/- square feet in a 100'x40' building; 1,600 square feet of centrally heated/cooled living space with 5 bedrooms; 1,600 square feet of shop space with 220‑volt electrical service
