Building Details

Year Built 1995

Listing Agency: Davenport Realty

Listed By: Ray Davenport · License #EB00083949 Show Phone

Source: Pcsingtolittlerock

Added: Aug 1 Changed: Sep 14 Last Checked: Oct 7 at 2:35PM

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Investment Insights

Based on property information with market context.

This flex property combines an office/house with several functional outbuildings across a large acreage setting. Improvements include a 4,288 square foot office/house, a 50-by-90 insulated red iron shop, a 2,500 square foot insulated red iron warehouse with loading dock, and a 60-by-70 pole barn with electric. Additional storage buildings also have power, providing a broad mix of enclosed and covered space.

The property includes highway frontage, an asphalt drive, three wells, multiple septic systems, city water, and three electric meters. The 1995 improvements sit on over 8 acres, with room for livestock grazing or future expansion. The location is described as minutes from the national forest.

Key Highlights

• 4,288 sqft office/house included
• 50X90 insulated red iron shop
• 2500 Sqft insulated red iron warehouse with loading dock

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,633

Cap Rate

6.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$792,660 $792.7K

Cap Rate 7%

$566,186 $566.2K

Cap Rate 9%

$440,367 $440.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,500 SF

Gross rent

$56.7K $12.60/SF

− Vacancy

−$3.9K −$0.86/SF

EGI

$52.8K $11.74/SF

− OpEx

−$13.2K −$2.94/SF

NOI

$39.6K $8.81/SF

Area

Pope County, AR

Vacancy

6.80%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$792,660

Cap Rate 7%

$566,186

Cap Rate 9%

$440,367

Alternative Uses

Best Use

Office B

$566.2K

$495.4K – $660.6K (±1% cap)

NOI $39,633 @ 7.0% cap · market cap 6.10%

Second Best

Flex RnD

$546.8K

$478.4K – $637.9K (±1% cap)

NOI $38,274 @ 7.0% cap · market cap 5.89%

Theoretical Best

Office A

$719.0K

$629.1K – $838.8K (±1% cap)

NOI $50,328 @ 7.0% cap · market cap 7.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72679, AR

83

Population

97

Households

0.9

Avg Household Size

50

Median Age

24%

College-Educated

100%

High-School Grad

17.9 sq mi

ZIP Area

5

Density / Sq Mi

$51,181

Median Household Income

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Multiple powered buildings support office, warehouse, shop, and storage uses.

Where is this flex space located?

The property is located at 158 Ragon Rd Tilly, AR.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 4,288 sqft office/house included; 50X90 insulated red iron shop; 2500 Sqft insulated red iron warehouse with loading dock