Flex Space with Highway
For Sale
$229,900
2171 Hwy 16, Searcy, AR 72143
The property combines office areas, open bays, conditioned space, and on-site parking.
Property Size3,730 SF
Days on Market58
Property Features for 2171 Hwy 16
General Information
Standard status
Active
Size
3,730 SF
Total Parking Spaces
15
Property subtype
Commercial
Zoning
Other(See Remarks)
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
3,730 SF
Year Built
2002
Stories
1
Listing Agency:
Re/Max Advantage
(501) 207-3801
Listed By:
Beverly Baldridge · License #SA00052611
(501) 207-3801
Source:
Proeliterealty
Added: Jun 14
Changed: Aug 10
Last Checked: Aug 10 at 11:03AM
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 Re/Max Advantage
Investment Insights
Based on property information with market context.
This flex-space property, built in 2002, includes office areas, open-bay sections, and heated and cooled portions within the buildings. The improvements are described as being in good condition and are supported by substantial on-site parking.
The property fronts Hwy 16 at 2171 Hwy 16 in Searcy, Arkansas. Zoning is identified as Other (See Remarks). The existing configuration provides a combination of office and functional work areas within one commercial property.
The property fronts Hwy 16 at 2171 Hwy 16 in Searcy, Arkansas. Zoning is identified as Other (See Remarks). The existing configuration provides a combination of office and functional work areas within one commercial property.
Key Highlights
- Flex‑space property with office areas and open‑bay sections
- Heated and cooled areas within the buildings
- On‑site parking available
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
$17,045
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
7.41%
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%
$340,900
$340.9K
Cap Rate 7%
$243,500
$243.5K
Cap Rate 9%
$189,389
$189.4K
Market Conditions
NOI Build-Up for 3,730 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
$22.4K $6.00/SF
− Vacancy
−$2.3K −$0.62/SF
EGI
$20.1K $5.38/SF
− OpEx
−$3.0K −$0.81/SF
NOI
$17.0K $4.57/SF
Area
White County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$340,900
Cap Rate 7%
$243,500
Cap Rate 9%
$189,389
Alternative Uses
Best Use
Office B
$511.6K
$447.7K – $596.9K
NOI $35,812 @ 7.0% cap · market cap 15.58%
Second Best
Flex RnD
$453.2K
$396.6K – $528.8K
NOI $31,725 @ 7.0% cap · market cap 13.80%
Theoretical Best
Office A
$682.1K
$596.9K – $795.8K
NOI $47,750 @ 7.0% cap · market cap 20.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - The property combines office areas, open bays, conditioned space, and on-site parking.
Where is this flex space located?
The property is located at 2171 Hwy 16 Searcy, AR.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Flex‑space property with office areas and open‑bay sections; Heated and cooled areas within the buildings; On‑site parking available
