NNN Flex Space
20321 and 20323 E Hwy 412 Springdale, AR 72764
New
For Sale
$4,753,000
COMMERCIAL - Springdale, AR
Property Size23,996 SF
Lot Size5.00 Acres
Price / SF$198.07
Days on Market4
Property Features for 20321 and 20323 E Hwy 412
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 50
- Standard status
- Active
- Size
- 23,996 SF
- Lot size
- 5.00 Acres
Taxes and HOA fees
- Tax Description
- PT W/2 SE SE 5.00 AC ...
- Tax Annual Amount
- 13711
Building Details
- Year built
- 2024
- Floors in Building
- 1
Listing Agency:
Black Diamond Mergers & Acquisitions, LLC
(479) 365-4307
Listed By:
Christian Baldwin
(479) 685-5696
Added: Jul 21
Last Checked: Jul 24 at 9:06PM
MLS# 26029603
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two multi-tenant NNN flex space centers are offered for acquisition at 20321 and 20323 E Hwy 412. The property consists of two buildings, each totaling 11,998 square feet, for 23,996 square feet combined. The centers are currently 84% leased and operate under NNN leases with minimal landlord responsibilities, with four suites available for lease-up.
The site spans 5 acres and is positioned along Highway 412 with approximately 19,000 vehicles per day. The current rent is $279,660 with 19 tenants, with potential rent of $333,660 if the four vacant units are filled at their listed rates. The adjusted NOI is $320,844 when considering the vacant units.
The site spans 5 acres and is positioned along Highway 412 with approximately 19,000 vehicles per day. The current rent is $279,660 with 19 tenants, with potential rent of $333,660 if the four vacant units are filled at their listed rates. The adjusted NOI is $320,844 when considering the vacant units.
Key Highlights
- Two multi‑tenant NNN flex space centers in east Springdale, AR
- Two buildings total 11,998 SF each (23,996 SF total) with 84% occupancy and 4 suites available
- NNN leases with minimal landlord responsibilities
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $9.00 |
| − Vacancy | −$15.5k | −$0.65 |
| EGI | $200.4k | $8.35 |
| − OpEx | −$60.1k | −$2.51 |
| NOI | $140.3k | $5.85 |
23,996 SF · lease $9.00/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.00M
$1.75M – $2.34M
NOI $140,290 @ 7.0% cap · market cap 2.95%
Second Best
Flex RnD
$1.80M
$1.57M – $2.10M
NOI $125,777 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$6.44M
$5.64M – $7.51M
NOI $450,864 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Two multi-tenant NNN flex centers along Highway 412 offer four available suites.
Where is this flex space located?
The property is located at 20321 and 20323 E Hwy 412 Springdale, AR.
What is the asking price?
The asking price for this property is $4,753,000.
What are key features of this property?
This property features: Two multi‑tenant NNN flex space centers in east Springdale, AR; Two buildings total 11,998 SF each (23,996 SF total) with 84% occupancy and 4 suites available; NNN leases with minimal landlord responsibilities
