Multi-Tenant Flex Space
21118 Wade Road Springdale, AR 72764
New
For Sale
$2,230,000
COMMERCIAL - Springdale, AR
Property Size11,998 SF
Lot Size3.48 Acres
Price / SF$185.86
Days on Market3
Property Features for 21118 Wade Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 30
- Standard status
- Active
- Size
- 11,998 SF
- Lot size
- 3.48 Acres
Taxes and HOA fees
- Tax Description
- PT SE SW & PT SW SE ...
- Tax Annual Amount
- 7986
Building Details
- Year built
- 2023
- 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 23 at 3:06PM
MLS# 26029595
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.
The property is a multi-tenant flex space center operated under NNN leases, with minimal landlord responsibilities. The center totals 11,998 square feet and is currently 79% leased, with one suite measuring 2,400 square feet available for lease up.
The site is located in east Springdale, Arkansas along Highway 412, with approximately 19,000 vehicles per day. The property spans 3.48 acres.
The current configuration includes 10 tenants, and the provided financials reflect an adjusted NOI of $150,653 when accounting for the vacant unit at the listed rates.
The site is located in east Springdale, Arkansas along Highway 412, with approximately 19,000 vehicles per day. The property spans 3.48 acres.
The current configuration includes 10 tenants, and the provided financials reflect an adjusted NOI of $150,653 when accounting for the vacant unit at the listed rates.
Key Highlights
- Multi‑tenant NNN flex space totals 11,998 SF in east Springdale, AR, built in 2023
- 79% leased with one 2,400 SF suite available for lease up; 10 tenants total
- Current annual rent $127,728; potential rent $159,408 if the vacant 2,400 SF unit is leased at listed rates
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 | $108.0k | $9.00 |
| − Vacancy | −$7.8k | −$0.65 |
| EGI | $100.2k | $8.35 |
| − OpEx | −$30.1k | −$2.51 |
| NOI | $70.1k | $5.85 |
11,998 SF · lease $9.00/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.00M
$876.8K – $1.17M
NOI $70,145 @ 7.0% cap · market cap 3.15%
Second Best
Flex RnD
$898.4K
$786.1K – $1.05M
NOI $62,889 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,432 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
NWA Flex Space
Shopping Center & Mall
Buffalo River Plastics
Factory
JP&C Auto Group
Car Dealership
The DECK Company, LLC ...
Construction Company
FAQs
What type of property is this?
Flex space - Multi-tenant NNN flex center with one 2,400 SF suite available, totaling 11,998 SF on 3.48 acres along Highway 412.
Where is this flex space located?
The property is located at 21118 Wade Road Springdale, AR.
What is the asking price?
The asking price for this property is $2,230,000.
What are key features of this property?
This property features: Multi‑tenant NNN flex space totals 11,998 SF in east Springdale, AR, built in 2023; 79% leased with one 2,400 SF suite available for lease up; 10 tenants total; Current annual rent $127,728; potential rent $159,408 if the vacant 2,400 SF unit is leased at listed rates
