Warehouse Property With Five
For Sale
$3,000,000
1805 S Pleasant Street, Springdale, AR 72764
Industrial site with multiple standalone structures and existing tenant occupancy in Springdale.
Property Size30,526 SF
Lot Size4.15 Acres
Price / SF$98.28
Days on Market44
Property Features for 1805 S Pleasant Street
General Information
Standard status
Active
Size
30,526 SF
Lot size
4.15 Acres
Building Details
Buildings
5
Listing Agency:
NWA Real Estate
(479) 841-4103
Listed By:
James Mason
(479) 841-4103
Source:
Connectrealtynwa
Added: Jul 20
Changed: Aug 31
Last Checked: Aug 31 at 5:02PM
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 NWA Real Estate
Investment Insights
Based on property information with market context.
The property comprises 30,526 square feet across five freestanding warehouse buildings on 4.15 acres. The buildings provide a substantial industrial footprint, with some structures occupied by established tenants.
Located at 1805 S Pleasant Street in Springdale, Arkansas, the site is positioned within the Springdale Business District. Its multiple-building configuration supports a range of warehouse and industrial operations while retaining separate structures across the acreage.
Located at 1805 S Pleasant Street in Springdale, Arkansas, the site is positioned within the Springdale Business District. Its multiple-building configuration supports a range of warehouse and industrial operations while retaining separate structures across the acreage.
Key Highlights
- 30,526 square feet of warehouse space
- Five freestanding warehouse buildings
- 4.15‑acre industrial property
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
$186,919
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
6.23%
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%
$3,738,380
$3.7M
Cap Rate 7%
$2,670,271
$2.7M
Cap Rate 9%
$2,076,878
$2.1M
Market Conditions
NOI Build-Up for 30,526 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
$245.4K $8.04/SF
− Vacancy
−$25.5K −$0.84/SF
EGI
$219.9K $7.20/SF
− OpEx
−$33.0K −$1.08/SF
NOI
$186.9K $6.12/SF
Area
Washington County, AR
Vacancy
10.40%
Lease Rate
$8.04 /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%
$3,738,380
Cap Rate 7%
$2,670,271
Cap Rate 9%
$2,076,878
Alternative Uses
Best Use
Warehouse
$2.67M
$2.34M – $3.12M
NOI $186,919 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.19M
$7.17M – $9.56M
NOI $573,557 @ 7.0% cap · market cap 19.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- American Self-Storage — 3011 American St, Springdale, AR 72764
- Record Nations — 1900 S Pleasant St A, Springdale, AR 72764
- Superior Storage - Pleasant 2 — 1742 S Pleasant St, Springdale, AR 72764
- Superior Storage - Pleasant 1 — 1786 S Pleasant St, Springdale, AR 72764
- George's feedmill — 300-348 W Robinson Ave, Springdale, AR 72764
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial site with multiple standalone structures and existing tenant occupancy in Springdale.
Where is this warehouse located?
The property is located at 1805 S Pleasant Street Springdale, AR.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 30,526 square feet of warehouse space; Five freestanding warehouse buildings; 4.15‑acre industrial property
