Modern Flex Building with
For Sale
$525,000
2 Ellzey Ln, Greenbrier, AR 72058
Flexible commercial building with office-oriented interiors, attached shop space, and Highway 65 exposure.
Property Size4,119 SF
Price / SF$127.46
Days on Market52
Property Features for 2 Ellzey Ln
General Information
Standard status
Active
Size
4,119 SF
Property subtype
Land
Zoning
no zoning
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Office Build-Out
2,769 SF
Drive-In Doors
2
Building Details
Year Built
2017
Buildings
1
Construction
modern-industrial
Listing Agency:
Hawks Realty
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Sep 14
Changed: Nov 3
Last Checked: Nov 3 at 6:06AM
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 Hawks Realty
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Investment Insights
Based on property information with market context.
Built in 2017, this flex property combines a finished office-oriented interior with substantial service and storage areas. The conditioned portion measures 2,769 feet and includes a kitchen, open entry and living area, loft, five additional rooms, and an insulated garage. Building systems include spray-foam insulation, two HVAC units, and a tankless water heater. Interior finishes include reclaimed brick, exposed ductwork, galvanized metal countertops, nickel-gap wood walls, and custom steel stairs and railings.
An insulated 24' x 30' garage has an 18' x 8' overhead door, while the attached 21' x 30' shop provides 16' sidewalls and a 14' overhead door. The property occupies the corner of Ellzey Ln and Hwy 65 in Springhill, just outside Greenbrier and minutes from Conway. Power has been extended to the road for signage, and the property has no zoning designation.
An insulated 24' x 30' garage has an 18' x 8' overhead door, while the attached 21' x 30' shop provides 16' sidewalls and a 14' overhead door. The property occupies the corner of Ellzey Ln and Hwy 65 in Springhill, just outside Greenbrier and minutes from Conway. Power has been extended to the road for signage, and the property has no zoning designation.
Key Highlights
- 2,769 conditioned feet with kitchen, open entry and living area, loft, and five additional rooms
- Insulated 24' x 30' garage with an 18' x 8' overhead door
- Attached 21' x 30' shop with 16' sidewalls and a 14' overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,013
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,260
$500.3K
Cap Rate 7%
$357,329
$357.3K
Cap Rate 9%
$277,922
$277.9K
Market Conditions
NOI Build-Up for 4,119 SF
Gross rent
$41.0K $9.96/SF
− Vacancy
−$2.5K −$0.62/SF
EGI
$38.5K $9.34/SF
− OpEx
−$13.5K −$3.27/SF
NOI
$25.0K $6.07/SF
Area
Faulkner County, AR
Vacancy
6.20%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,260
Cap Rate 7%
$357,329
Cap Rate 9%
$277,922
Alternative Uses
Best Use
Office B
$738.0K
$645.7K – $861.0K
NOI $51,657 @ 7.0% cap · market cap 9.84%
Second Best
Flex RnD
$357.3K
$312.7K – $416.9K
NOI $25,013 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$939.5K
$822.1K – $1.10M
NOI $65,765 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72058, AR
18,525
Population
7,143
Households
2.6
Avg Household Size
37
Median Age
28%
College-Educated
96%
High-School Grad
157.3 sq mi
ZIP Area
118
Density / Sq Mi
$80,406
Median Household Income
$48,578
Median Earnings
$1,027
Median Rent
$203,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with office-oriented interiors, attached shop space, and Highway 65 exposure.
Where is this flex space located?
The property is located at 2 Ellzey Ln Greenbrier, AR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,769 conditioned feet with kitchen, open entry and living area, loft, and five additional rooms; Insulated 24' x 30' garage with an 18' x 8' overhead door; Attached 21' x 30' shop with 16' sidewalls and a 14' overhead door
