Building Details

Year Built 1982

Year Renovated 2025

Buildings 1

Building Size 8,832 SF

Listing Agency: Lindsey & Associates Inc b***@lindsey.com Show Phone

Listed By: Brandon Rausch · License #SA00094802 Show Phone

Source: Hangerpropertygroup

Added: May 18 Changed: Oct 28 Last Checked: Oct 28 at 3:11PM

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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 Lindsey & Associates Inc

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Investment Insights

Based on property information with market context.

Built in 1982, this 8,832-square-foot flex property has 12 private offices, a conference room, a break room with kitchenette, and two restrooms. A 10-foot grade-level door supports storage or light distribution needs. A new roof and gutters were installed in October 2025.

The building fronts Robinson Avenue in Springdale. Parking includes six dedicated paved spaces, with additional parking available.

Key Highlights

• 8,832 SF office/flex building with Robinson Avenue frontage
• 12 private offices, conference room, kitchenette, and two restrooms
• 10‑foot grade‑level door for storage or light distribution

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,294

Suggested Prices Based on Cap Rates

Cap Rate 5%

$925,880 $925.9K

Cap Rate 7%

$661,343 $661.3K

Cap Rate 9%

$514,378 $514.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 8,832 SF

Gross rent

$79.5K $9.00/SF

− Vacancy

−$8.3K −$0.94/SF

EGI

$71.2K $8.06/SF

− OpEx

−$24.9K −$2.82/SF

NOI

$46.3K $5.24/SF

Area

Washington County, AR

Vacancy

10.40%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$925,880

Cap Rate 7%

$661,343

Cap Rate 9%

$514,378

Alternative Uses

Best Use

Warehouse

$772.6K

$676.0K – $901.4K (±1% cap)

NOI $54,081 @ 7.0% cap · market cap 450,675.00%

Second Best

Industrial

$737.6K

$645.4K – $860.6K (±1% cap)

NOI $51,635 @ 7.0% cap · market cap 430,291.67%

Theoretical Best

Office A

$2.37M

$2.07M – $2.77M (±1% cap)

NOI $165,946 @ 7.0% cap · market cap 1,382,883.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Theraderm Medical Clinic Therapon Inc Medical Clinic

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Garden Center HVAC Service Electrical Service Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

816

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 72764, AR

60,786

Population

20,781

Households

2.9

Avg Household Size

30

Median Age

20%

College-Educated

72%

High-School Grad

66.2 sq mi

ZIP Area

918

Density / Sq Mi

$61,569

Median Household Income

$34,552

Median Earnings

$984

Median Rent

$226,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A private-office layout pairs meeting and break areas with grade-level access for storage or light distribution.

Where is this flex space located?

The property is located at 2081 Dime Drive Springdale, AR.

What are key features of this property?

This property features: 8,832 SF office/flex building with Robinson Avenue frontage; 12 private offices, conference room, kitchenette, and two restrooms; 10‑foot grade‑level door for storage or light distribution