Flex Space with
New
For Sale
$139,000
208 AVE 2SE, Atkins, AR 72823
Commercial / Industrial, Atkins, AR
Property Size1,979 SF
Lot Size0.90 Acres
Price / SF$70.24
Days on Market5
Property Features for 208 AVE 2SE
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Directions
I-40 to Exit 94 (AR-105). Continue south approximately 0.7 mile. Turn left onto E. Main St. Continue approximately 0.4 mile, then turn right onto Avenue 2 SE. Property is on the corner at 208 Avenue 2 SE.
Subdivision
POPE COUNTY
Standard status
Active
Size
1,979 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Description
PT 9 BLK 25 CITY OF ATKINS
Tax Annual Amount
396
Legal Description
PT 9 BLK 25 CITY OF ATKINS
Amenities
garage
separate HVAC systems
large dedicated loading/unloading door
updated kitchen
Building Details
Year built
1972
Floors in Building
1
Listing Agency:
Live.Love.Arkansas Realty Group
(479) 967-0133
Listed By:
Laurie Sliney
(479) 383-4700
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 29 at 1:06AM
MLS# 26035223
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.
This 1,979-square-foot flex property combines commercial space with a separate residential area on a 0.9-acre corner lot. The commercial portion supports retail, office, or other permitted uses, while the one-bedroom apartment includes an updated kitchen and may serve as on-site living quarters or separate rental space. A garage, dedicated loading and unloading door, and separate HVAC systems for each area add practical functionality.
The property sits along the main road near Lake Atkins in Atkins, Arkansas. An asphalt lot on the side of the building provides 10 parking spaces. Built in 1972, the layout offers a combination of business space, residential quarters, and service-oriented features in one property.
The property sits along the main road near Lake Atkins in Atkins, Arkansas. An asphalt lot on the side of the building provides 10 parking spaces. Built in 1972, the layout offers a combination of business space, residential quarters, and service-oriented features in one property.
Key Highlights
- 1,979 square feet on a 0.9‑acre corner lot
- Separate commercial and residential areas
- One‑bedroom apartment with updated kitchen
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
$7,680
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
5.53%
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%
$153,600
$153.6K
Cap Rate 7%
$109,714
$109.7K
Cap Rate 9%
$85,333
$85.3K
Market Conditions
NOI Build-Up for 1,979 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
$11.9K $6.00/SF
− Vacancy
−$902 −$0.46/SF
EGI
$11.0K $5.54/SF
− OpEx
−$3.3K −$1.66/SF
NOI
$7.7K $3.88/SF
Area
Pope County, AR
Vacancy
7.60%
Lease Rate
$6.00 /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%
$153,600
Cap Rate 7%
$109,714
Cap Rate 9%
$85,333
Alternative Uses
Best Use
Retail
$255.1K
$223.2K – $297.6K
NOI $17,855 @ 7.0% cap · market cap 12.85%
Second Best
Flex RnD
$240.5K
$210.4K – $280.5K
NOI $16,832 @ 7.0% cap · market cap 12.11%
Theoretical Best
Office A
$316.2K
$276.7K – $368.9K
NOI $22,133 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72823, AR
6,404
Population
2,792
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
91%
High-School Grad
126.6 sq mi
ZIP Area
51
Density / Sq Mi
$66,711
Median Household Income
$45,322
Median Earnings
$894
Median Rent
$140,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Separate commercial and residential areas include a one-bedroom apartment with an updated kitchen.
Where is this flex space located?
The property is located at 208 AVE 2SE Atkins, AR.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 1,979 square feet on a 0.9‑acre corner lot; Separate commercial and residential areas; One‑bedroom apartment with updated kitchen
