Flex Space with Climate-Controlled
For Sale
$749,900
217 Lakewood Road, Van Buren, AR 72956
Office, support areas, storage, and an upstairs nap area accommodate a range of business functions.
Property Size8,724 SF
Price / SF$85.96
Days on Market40
Property Features for 217 Lakewood Road
General Information
Standard status
Active
Size
8,724 SF
Property subtype
CommercialSale
Amenities
Offices
Conference Room
Break Rooms
Bathrooms
Storage
Nap Area
Building Details
Construction
Red Iron
Listing Agency:
Kevin Clifton Real Estate, INC.
(479) 831-6117
Listed By:
Joshua (JJ) Sweeten · License #SA00091458
(479) 831-6117
Source:
Assurancerealtyfsm
Added: Jul 23
Changed: Aug 29
Last Checked: Aug 30 at 5:31PM
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.
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.
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 = 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
$54,254
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
7.23%
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%
$1,085,080
$1.1M
Cap Rate 7%
$775,057
$775.1K
Cap Rate 9%
$602,822
$602.8K
Market Conditions
NOI Build-Up for 8,724 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
$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 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%
$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
NOI $87,812 @ 7.0% cap · market cap 11.71%
Second Best
Flex RnD
$775.1K
$678.2K – $904.2K
NOI $54,254 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,083 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $749,900.
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
