Flex Space with
For Sale
$175,000
201 E Center St, Jacksonville, AR 72076
Versatile commercial layout combines private offices, support areas, and warehouse functionality with roll-up access.
Property Size3,300 SF
Price / SF$53.03
Days on Market419
Property Features for 201 E Center St
General Information
Standard status
Active
Size
3,300 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
Central Business, General Office
Building Details
Building Size
3,300 SF
Year Built
1985
Stories
1
Tenancy
Single
Listing Agency:
Blair & Co. Realtors
(501) 350-0540
Listed By:
Heather Marshall
(501) 350-0540
Source:
Proeliterealty
Added: Jun 28, 2025
Changed: Aug 20
Last Checked: Aug 20 at 6:16AM
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 Blair & Co. Realtors
Investment Insights
Based on property information with market context.
This flex property at 201 E Center St includes approximately 3,300 square feet within a layout designed for office and warehouse use. The building contains three private offices, a kitchen, a bathroom, and a substantial warehouse area served by a large roll-up door. A new HVAC system was installed in 2024, adding updated mechanical service to the existing improvements.
Built in 1985, the property has served as the location of an electrical company for more than 18 years. Its combination of enclosed office areas, employee support space, and storage or work area provides a practical configuration for continued commercial operations or other compatible business uses.
Built in 1985, the property has served as the location of an electrical company for more than 18 years. Its combination of enclosed office areas, employee support space, and storage or work area provides a practical configuration for continued commercial operations or other compatible business uses.
Key Highlights
- Approximately 3,300 sq ft of commercial space
- Three dedicated offices plus kitchen and bathroom
- Warehouse area with large roll‑up door
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
$14,507
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
8.29%
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%
$290,140
$290.1K
Cap Rate 7%
$207,243
$207.2K
Cap Rate 9%
$161,189
$161.2K
Market Conditions
NOI Build-Up for 3,300 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
$21.8K $6.60/SF
− Vacancy
−$1.1K −$0.32/SF
EGI
$20.7K $6.28/SF
− OpEx
−$6.2K −$1.88/SF
NOI
$14.5K $4.40/SF
Area
Pulaski County, AR
Vacancy
4.85%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
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%
$290,140
Cap Rate 7%
$207,243
Cap Rate 9%
$161,189
Alternative Uses
Best Use
Office B
$394.3K
$345.0K – $460.0K
NOI $27,599 @ 7.0% cap · market cap 15.77%
Second Best
Flex RnD
$286.3K
$250.5K – $334.0K
NOI $20,040 @ 7.0% cap · market cap 11.45%
Theoretical Best
Specialty Retail
$629.5K
$550.8K – $734.4K
NOI $44,064 @ 7.0% cap · market cap 25.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72076, AR
38,443
Population
17,780
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
529
Density / Sq Mi
$53,048
Median Household Income
$36,189
Median Earnings
$917
Median Rent
$155,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial layout combines private offices, support areas, and warehouse functionality with roll-up access.
Where is this flex space located?
The property is located at 201 E Center St Jacksonville, AR.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Approximately 3,300 sq ft of commercial space; Three dedicated offices plus kitchen and bathroom; Warehouse area with large roll‑up door
