Building Details

Year Built 1989

Listing Agency: Green Light Realty

Listed By: Michelle Moore Show Phone

Source: Pcsingtolittlerock

Added: Aug 9 Changed: Oct 12 Last Checked: Oct 7 at 4:41PM

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Investment Insights

Based on property information with market context.

This 2,550-square-foot flex property, built in 1989, is enclosed with fencing and arranged in two sections. Improvements include a sizable office with picture windows, kitchen, storage above the office and kitchen, and one full bath with shower plus a half bath in the shop. A three-bay carport provides covered vehicle storage, while two roofed dog pens have concrete floors.

The front portion includes a water faucet and sewer drain for RV use. The property is located at 2008 S Benton in Searcy, Arkansas, and was previously used for truck sales.

Key Highlights

• 2,550 SF flex property built in 1989
• Fully fenced site divided into two sections
• Three‑bay carport plus two roofed dog pens with concrete floors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,689

Cap Rate

3.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$433,780 $433.8K

Cap Rate 7%

$309,843 $309.8K

Cap Rate 9%

$240,989 $241.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,550 SF

Gross rent

$35.8K $14.04/SF

− Vacancy

−$2.4K −$0.95/SF

EGI

$33.4K $13.09/SF

− OpEx

−$11.7K −$4.58/SF

NOI

$21.7K $8.51/SF

Area

White County, AR

Vacancy

6.80%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$433,780

Cap Rate 7%

$309,843

Cap Rate 9%

$240,989

Alternative Uses

Best Use

Flex RnD

$309.8K

$271.1K – $361.5K (±1% cap)

NOI $21,689 @ 7.0% cap · market cap 3.10%

Second Best

Industrial

$137.1K

$120.0K – $159.9K (±1% cap)

NOI $9,596 @ 7.0% cap · market cap 1.37%

Theoretical Best

Office A

$466.3K

$408.1K – $544.1K (±1% cap)

NOI $32,644 @ 7.0% cap · market cap 4.67%

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 Real Estate Agency Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring 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

Fenced yard

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

256

Businesses Nearby

Well-served

Demand for This Use

Explore this area 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

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?

Flex space - Fenced commercial property with divided yard areas, office amenities, covered vehicle storage, and RV utility connections.

Where is this flex space located?

The property is located at 2008 S Benton Searcy, AR.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: 2,550 SF flex property built in 1989; Fully fenced site divided into two sections; Three‑bay carport plus two roofed dog pens with concrete floors