Building Details

Construction Red Iron

Listing Agency: Kevin Clifton Real Estate, INC. Show Phone

Listed By: Joshua (JJ) Sweeten · License #SA00091458 Show Phone

Source: Assurancerealtyfsm

Added: Jul 23 Changed: Oct 11 Last Checked: Oct 14 at 10:22PM

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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 Kevin Clifton Real Estate, INC.

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Investment Insights

Based on property information with market context.

This flex-space property combines a substantial office component with dedicated shop and support areas. The office layout includes 13 offices, a conference room, multiple break rooms, multiple bathrooms, and extensive storage. An upstairs area provides space for rest or overnight downtime.

The 40 X 50 shop is Red Iron built, spray foamed, and climate controlled, creating a specialized area separate from the office functions. The property is located at 217 Lakewood Road in Van Buren, Arkansas, and offers a combination of administrative, storage, and shop space within one facility.

Key Highlights

• 13‑office layout with conference room, multiple break rooms, and multiple bathrooms
• 40 X 50 Red Iron‑built shop
• Shop is spray foamed and climate controlled

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,254

Cap Rate

7.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,085,080 $1.1M

Cap Rate 7%

$775,057 $775.1K

Cap Rate 9%

$602,822 $602.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,724 SF

Gross rent

$89.0K $10.20/SF

− Vacancy

−$5.5K −$0.63/SF

EGI

$83.5K $9.57/SF

− OpEx

−$29.2K −$3.35/SF

NOI

$54.3K $6.22/SF

Area

Crawford County, AR

Vacancy

6.20%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,085,080

Cap Rate 7%

$775,057

Cap Rate 9%

$602,822

Alternative Uses

Best Use

Office B

$1.25M

$1.10M – $1.46M (±1% cap)

NOI $87,812 @ 7.0% cap · market cap 12.56%

Second Best

Flex RnD

$775.1K

$678.2K – $904.2K (±1% cap)

NOI $54,254 @ 7.0% cap · market cap 7.76%

Theoretical Best

Office A

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $117,083 @ 7.0% cap · market cap 16.75%

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

Property Analytics

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Current Use

Rick Mooney Construction ... Construction Company Healthmark Service Inc Business Management Consultant

Suggested Use

Top Pick Building Supply Auto Repair Shop Storage Facility Garden Center Grocery & Convenience Store Car Rental Facility

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

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Well-served

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office, support areas, storage, and an upstairs nap area accommodate a range of business functions.

Where is this flex space located?

The property is located at 217 Lakewood Road Van Buren, AR.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: 13‑office layout with conference room, multiple break rooms, and multiple bathrooms; 40 X 50 Red Iron‑built shop; Shop is spray foamed and climate controlled