Flex Space with Large
For Sale
Contact for pricing
2017 28th Street, Van Buren, AR 72956
Flexible commercial property combining office accommodations with warehouse functionality and substantial outdoor storage area.
Property Size8,700 SF
Lot Size1.99 Acres
Price / SF$0.52
Days on Market96
Property Features for 2017 28th Street
General Information
Standard status
Active
Size
8,700 SF
Lot size
1.99 Acres
Property subtype
CommercialLease
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
8,700 SF
Drive-In Doors
1
Three-Phase Power
Yes
Additional Details
Outdoor Storage
Yes
Listing Agency:
Jimmy Bell Real Estate
(479) 474-9200
Listed By:
Mason Shirey · License #AB00071498
(479) 675-6669
Source:
Assurancerealtyfsm
Added: Jul 14
Changed: Oct 4
Last Checked: Oct 16 at 8:23AM
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 Jimmy Bell Real Estate
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Investment Insights
Based on property information with market context.
This flex property at 2017 28th Street includes approximately 8,700 square feet with a dedicated office component featuring three private offices, a receptionist and waiting area, and a room that can serve as a conference room. The warehouse portion includes one drive door, 14' sidewalls, and 3-phase electric service.
The property also includes a large 1.99 +/- acre yard, providing substantial outdoor space alongside the building. Its combination of office areas, warehouse improvements, drive-in access, electrical capacity, and yard area supports a range of commercial and industrial operations.
The property also includes a large 1.99 +/- acre yard, providing substantial outdoor space alongside the building. Its combination of office areas, warehouse improvements, drive-in access, electrical capacity, and yard area supports a range of commercial and industrial operations.
Key Highlights
- Approximately 8,700 square feet of warehouse space
- Large 1.99 +/- acre yard
- Three private offices plus receptionist and waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,864
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,280
$1.0M
Cap Rate 7%
$726,629
$726.6K
Cap Rate 9%
$565,156
$565.2K
Market Conditions
NOI Build-Up for 8,700 SF
Gross rent
$78.3K $9.00/SF
− Vacancy
−$5.6K −$0.65/SF
EGI
$72.7K $8.35/SF
− OpEx
−$21.8K −$2.51/SF
NOI
$50.9K $5.85/SF
Area
Crawford County, AR
Vacancy
7.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,280
Cap Rate 7%
$726,629
Cap Rate 9%
$565,156
Alternative Uses
Best Use
Warehouse
$851.9K
$745.4K – $993.9K
NOI $59,633 @ 7.0% cap · market cap 1,325.47%
Second Best
Flex RnD
$772.9K
$676.3K – $901.8K
NOI $54,105 @ 7.0% cap · market cap 1,202.60%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,761 @ 7.0% cap · market cap 2,595.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72956, AR
33,870
Population
14,119
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
87%
High-School Grad
103.8 sq mi
ZIP Area
326
Density / Sq Mi
$60,387
Median Household Income
$33,894
Median Earnings
$825
Median Rent
$177,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial property combining office accommodations with warehouse functionality and substantial outdoor storage area.
Where is this flex space located?
The property is located at 2017 28th Street Van Buren, AR.
What are key features of this property?
This property features: Approximately 8,700 square feet of warehouse space; Large 1.99 +/- acre yard; Three private offices plus receptionist and waiting room
