Building Details

Buildings 2

Construction metal

Listing Agency: Dalrymple Show Phone

Listed By: Misty Thomas Show Phone

Source: Arprorealty

Added: Aug 12 Changed: Oct 1 Last Checked: Oct 14 at 10:32PM

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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.

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 / Yr

$36,045

Cap Rate

8.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$720,900 $720.9K

Cap Rate 7%

$514,929 $514.9K

Cap Rate 9%

$400,500 $400.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,888 SF

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 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 (±1% cap)

NOI $67,091 @ 7.0% cap · market cap 15.97%

Second Best

Warehouse

$514.9K

$450.6K – $600.8K (±1% cap)

NOI $36,045 @ 7.0% cap · market cap 8.58%

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,979 @ 7.0% cap · market cap 24.04%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Hair Salon Pharmacy Dental Office Grocery & Convenience Store Nail Salon

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

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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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 $420,000.

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