Listing Agency: O'Neal Real Estate- Fort Smith Show Phone

Listed By: Team Williams · License #SA00088466 Show Phone

Source: Assurancerealtyfsm

Added: Jul 20 Changed: Oct 1 Last Checked: Oct 16 at 8:40AM

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Investment Insights

Based on property information with market context.

Located at 1907 Horne Street in Lavaca, Arkansas, this flex property includes an insulated red iron building on a concrete slab. The approximately 2,400-square-foot interior has 17-foot sidewalls, oversized garage doors, upstairs storage, and a layout suited to workspace, vehicle storage, equipment handling, or commercial operations.

The approximately one-half-acre property includes 220-volt electrical service and RV hookups. The building measures 40 feet by 60 feet, providing an open configuration that can accommodate multiple work areas and storage arrangements. R2 zoning applies to the site.

Key Highlights

• Approximately 2,400 SF insulated red iron flex building
• Approximately one‑half acre with a 40' x 60' building footprint
• 17‑foot sidewalls and oversized garage doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,032

Cap Rate

9.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$180,640 $180.6K

Cap Rate 7%

$129,029 $129.0K

Cap Rate 9%

$100,356 $100.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$14.4K $6.00/SF

− Vacancy

−$1.5K −$0.62/SF

EGI

$12.9K $5.38/SF

− OpEx

−$3.9K −$1.61/SF

NOI

$9.0K $3.76/SF

Area

Sebastian County, AR

Vacancy

10.40%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$180,640

Cap Rate 7%

$129,029

Cap Rate 9%

$100,356

Alternative Uses

Best Use

Flex RnD

$185.3K

$162.2K – $216.2K (±1% cap)

NOI $12,973 @ 7.0% cap · market cap 12.97%

Second Best

Warehouse

$156.7K

$137.1K – $182.8K (±1% cap)

NOI $10,967 @ 7.0% cap · market cap 10.97%

Theoretical Best

Healthcare Medical

$510.6K

$446.8K – $595.7K (±1% cap)

NOI $35,744 @ 7.0% cap · market cap 35.74%

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 Auto Repair Shop Pharmacy Tech Support Center Pet Store Pet Store & Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 72941, AR

5,079

Population

2,043

Households

2.5

Avg Household Size

41

Median Age

16%

College-Educated

93%

High-School Grad

43.4 sq mi

ZIP Area

117

Density / Sq Mi

$77,292

Median Household Income

$37,540

Median Earnings

$889

Median Rent

$159,600

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

Frequently Asked Questions

What type of property is this?

Flex space - Insulated commercial workspace with overhead doors, elevated storage, and electrical capacity for equipment-oriented operations.

Where is this flex space located?

The property is located at 1907 Horne Street Lavaca, AR.

What is the asking price?

The asking price for this property is $100,000.

What are key features of this property?

This property features: Approximately 2,400 SF insulated red iron flex building; Approximately one‑half acre with a 40' x 60' building footprint; 17‑foot sidewalls and oversized garage doors