Fenced Flex Space with
For Sale
$699,000
2008 S Benton, Searcy, AR 72143
Fenced commercial property with divided yard areas, office amenities, covered vehicle storage, and RV utility connections.
Property Size2,550 SF
Price / SF$274.12
Days on Market21
Property Features for 2008 S Benton
General Information
Standard status
Active
Size
2,550 SF
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Amenities
water faucet and sewer drain for RV's
dog pens
carport
kitchen
bathrooms
storage space
Building Details
Year Built
1989
Listing Agency:
Green Light Realty
(501) 230-0186
Listed By:
Michelle Moore
Source:
Pcsingtolittlerock
Added: Aug 9
Changed: Aug 28
Last Checked: Aug 29 at 12:36PM
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 Green Light Realty
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.
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 = 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
$21,689
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
3.10%
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%
$433,780
$433.8K
Cap Rate 7%
$309,843
$309.8K
Cap Rate 9%
$240,989
$241.0K
Market Conditions
NOI Build-Up for 2,550 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
$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 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%
$433,780
Cap Rate 7%
$309,843
Cap Rate 9%
$240,989
Alternative Uses
Best Use
Flex RnD
$309.8K
$271.1K – $361.5K
NOI $21,689 @ 7.0% cap · market cap 3.10%
Second Best
Industrial
$137.1K
$120.0K – $159.9K
NOI $9,596 @ 7.0% cap · market cap 1.37%
Theoretical Best
Office A
$466.3K
$408.1K – $544.1K
NOI $32,644 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
