Building Details

Year Built 2003

Listing Agency: Vesta Boutique Realty

Listed By: Kailee Mathews · License #PB00081262 Show Phone

Source: Thesummithometeam

Added: Aug 17 Changed: Oct 10 Last Checked: Oct 7 at 1:37PM

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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 Vesta Boutique Realty

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Investment Insights

Based on property information with market context.

This self storage facility includes 40 units within a 3,750-square-foot property built in 2003. Each unit offers drive-up access, and the property is currently vacant with no leases or tenants in place. Recent work includes exterior painting, added gravel, and general cleanup, while additional updates remain for a new owner to complete.

The property is located at 18688 Hwy 127 in Garfield, Arkansas, with direct frontage on Highway 127 and access to Highway 62. Electric service is available on site but has not been activated. The site also includes additional room for future improvements or expansion.

Key Highlights

• 40‑unit self storage facility with drive‑up access to each unit
• 3,750‑square‑foot property built in 2003
• Vacant asset with no existing tenants or leases

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,136

Cap Rate

6.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$342,720 $342.7K

Cap Rate 7%

$244,800 $244.8K

Cap Rate 9%

$190,400 $190.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,750 SF

Gross rent

$22.5K $6.00/SF

− Vacancy

−$2.3K −$0.62/SF

EGI

$20.2K $5.38/SF

− OpEx

−$3.0K −$0.81/SF

NOI

$17.1K $4.57/SF

Area

Benton 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%

$342,720

Cap Rate 7%

$244,800

Cap Rate 9%

$190,400

Alternative Uses

Best Use

Self Storage

$414.0K

$362.3K – $483.0K (±1% cap)

NOI $28,980 @ 7.0% cap · market cap 10.54%

Second Best

Warehouse

$244.8K

$214.2K – $285.6K (±1% cap)

NOI $17,136 @ 7.0% cap · market cap 6.23%

Theoretical Best

Office A

$1.03M

$901.7K – $1.20M (±1% cap)

NOI $72,137 @ 7.0% cap · market cap 26.23%

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

Property Analytics

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Current Use

Self storage facilities

Suggested Use

Top Pick Building Supply Garden Center Real Estate Agency Hair Salon Nail Salon Grocery & Convenience Store

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

38

Businesses Nearby

Explore this area Business Placement

Demographics for 72732, AR

4,990

Population

2,834

Households

1.8

Avg Household Size

46

Median Age

24%

College-Educated

89%

High-School Grad

86.9 sq mi

ZIP Area

57

Density / Sq Mi

$68,548

Median Household Income

$38,788

Median Earnings

$955

Median Rent

$236,600

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?

Self storage facility - Vacant drive-up storage property with recent exterior painting, gravel work, and site cleanup.

Where is this self storage facility located?

The property is located at 18688 Hwy 127 Garfield, AR.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: 40‑unit self storage facility with drive‑up access to each unit; 3,750‑square‑foot property built in 2003; Vacant asset with no existing tenants or leases