Flex Space with Two
For Sale
$445,000
1707 Black Gum, Searcy, AR 72143
Two metal shop buildings provide roll-up access and 3-phase power for commercial operations.
Property Size7,888 SF
Price / SF$56.41
Days on Market20
Property Features for 1707 Black Gum
General Information
Standard status
Active
Size
7,888 SF
Property subtype
Commercial / Industrial
Warehouse & Industrial
Drive-In Doors
7
Three-Phase Power
Yes
Building Details
Buildings
2
Construction
metal
Listing Agency:
Dalrymple
(501) 230-3264
Listed By:
Misty Thomas
(501) 230-3264
Source:
Arprorealty
Added: Aug 12
Changed: Aug 30
Last Checked: Aug 30 at 5:32PM
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 Dalrymple
Investment Insights
Based on property information with market context.
This flex-space property includes two large metal shop buildings designed for business, equipment, and storage needs. One shop measures approximately 50' x 80' and has four roll-up doors, while the second measures approximately 72' x 54' and includes three roll-up doors. The property also has 3-phase electrical power.
Situated at 1707 Black Gum in Searcy, Arkansas, the site covers over 2 acres and accommodates vehicle and equipment access. The buildings date to 1955, with configurations that may support automotive, contractor, fabrication, equipment-storage, warehouse, and related commercial uses identified for the property.
Situated at 1707 Black Gum in Searcy, Arkansas, the site covers over 2 acres and accommodates vehicle and equipment access. The buildings date to 1955, with configurations that may support automotive, contractor, fabrication, equipment-storage, warehouse, and related commercial uses identified for the property.
Key Highlights
- Two metal shop buildings on over 2 acres
- Approximately 50' x 80' shop with four roll‑up doors
- Approximately 72' x 54' shop with three roll‑up doors
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
$36,045
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
8.10%
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%
$720,900
$720.9K
Cap Rate 7%
$514,929
$514.9K
Cap Rate 9%
$400,500
$400.5K
Market Conditions
NOI Build-Up for 7,888 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
$47.3K $6.00/SF
− Vacancy
−$4.9K −$0.62/SF
EGI
$42.4K $5.38/SF
− OpEx
−$6.4K −$0.81/SF
NOI
$36.0K $4.57/SF
Area
White County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$720,900
Cap Rate 7%
$514,929
Cap Rate 9%
$400,500
Alternative Uses
Best Use
Flex RnD
$958.4K
$838.6K – $1.12M
NOI $67,091 @ 7.0% cap · market cap 15.08%
Second Best
Warehouse
$514.9K
$450.6K – $600.8K
NOI $36,045 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,979 @ 7.0% cap · market cap 22.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Drive-in doors
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two metal shop buildings provide roll-up access and 3-phase power for commercial operations.
Where is this flex space located?
The property is located at 1707 Black Gum Searcy, AR.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two metal shop buildings on over 2 acres; Approximately 50' x 80' shop with four roll‑up doors; Approximately 72' x 54' shop with three roll‑up doors
