Flex Space With Shop
1707 Black Gum, Searcy, AR 72143
For Sale
$420,000
Commercial / Industrial, Searcy, AR
Property Size7,888 SF
Lot Size2.13 Acres
Price / SF$53.25
Days on Market95
Property Features for 1707 Black Gum
General Information
Property type
Property subtype
Parking
Exterior features
Fencing
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Real Estate Included
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Amenities
roll-up doors
3-phase electrical power
Building Details
Year built
Floors in Building
Flooring type
Roof type
Additional Structures
Buildings
Listing Agency:
Dalrymple
(501) 268-2445
Listed By:
Misty Thomas
(501) 230-3264
Added: Aug 7
Changed: Nov 2
Last Checked: Nov 9 at 7:06PM
MLS# 26032422
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex-space property includes 7,888 square feet across two metal shop buildings on 2.13 acres. The approximately 50' x 80' building has four roll-up doors, while the approximately 72' x 54' shop includes three. Concrete flooring, a metal roof, partial fencing, propane service, and additional outbuildings are also present. The improvements date to 1955 and include three-phase electrical power.
Located at 1707 Black Gum in Searcy, Arkansas, the property provides substantial yard area alongside enclosed shop space. The configuration supports the commercial uses identified for the site, including automotive work, contracting, fabrication, equipment storage, and warehouse operations. Multiple overhead doors provide access for vehicles and equipment.
Located at 1707 Black Gum in Searcy, Arkansas, the property provides substantial yard area alongside enclosed shop space. The configuration supports the commercial uses identified for the site, including automotive work, contracting, fabrication, equipment storage, and warehouse operations. Multiple overhead doors provide access for vehicles and equipment.
Key Highlights
- 7,888 square feet of improvements situated on 2.13 acres
- Two metal shop buildings measuring approximately 50' x 80' and 72' x 54'
- Seven roll‑up doors across the two shops
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
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
NOI $67,091 @ 7.0% cap · market cap 15.97%
Second Best
Warehouse
$514.9K
$450.6K – $600.8K
NOI $36,045 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,979 @ 7.0% cap · market cap 24.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
7
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Well-served
Demand for This Use
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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
$176,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Searcy, AR
Properties on Market for Flex space in Searcy
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two metal shop buildings provide adaptable commercial workspace with overhead doors, concrete flooring, and three-phase electrical power.
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: 7,888 square feet of improvements situated on 2.13 acres; Two metal shop buildings measuring approximately 50' x 80' and 72' x 54'; Seven roll‑up doors across the two shops
