Building Details

Year Built 1988

Buildings 1

Building Size 21,840 SF

Tenancy Single

Listing Agency: Lindsey & Associates Inc

Listed By: Brooke Hernandez Show Phone

Source: District3

Added: Sep 2 Changed: Oct 25 Last Checked: Oct 24 at 4:52PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1988, this 21,840-square-foot flex building is configured for single-tenant occupancy and has been maintained by the current owner-occupant. The owner-occupant is willing to execute a leaseback arrangement, providing a defined occupancy structure for an incoming buyer.

The property is located at 2407 S Thompson Street in Springdale, along Highway 71B, with exposure to a reported 39,000 vehicles per day. Its position between Fayetteville and Springdale places the building within the Northwest Arkansas corridor identified in the property information.

Key Highlights

• 21,840‑square‑foot flex building
• Single‑tenant configuration
• Current owner‑occupant willing to execute a leaseback arrangement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$127,685

Cap Rate

4.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,553,700 $2.6M

Cap Rate 7%

$1,824,071 $1.8M

Cap Rate 9%

$1,418,722 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 21,840 SF

Gross rent

$196.6K $9.00/SF

− Vacancy

−$14.2K −$0.65/SF

EGI

$182.4K $8.35/SF

− OpEx

−$54.7K −$2.51/SF

NOI

$127.7K $5.85/SF

Area

Washington County, AR

Vacancy

7.20%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,553,700

Cap Rate 7%

$1,824,071

Cap Rate 9%

$1,418,722

Alternative Uses

Best Use

Industrial

$1.82M

$1.60M – $2.13M (±1% cap)

NOI $127,685 @ 7.0% cap · market cap 4.56%

Second Best

Flex RnD

$1.64M

$1.43M – $1.91M (±1% cap)

NOI $114,477 @ 7.0% cap · market cap 4.09%

Theoretical Best

Office A

$5.86M

$5.13M – $6.84M (±1% cap)

NOI $410,354 @ 7.0% cap · market cap 14.66%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Open Box Appliance ... Furniture & Home Goods Home Sweet Home ... (Bike/Boat/Book/etc) Store Open Box Appliance Home Appliance Store

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Cafe & Coffee Shop Electrical Service Plumbing Service

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

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

599

Businesses Nearby

Under-served

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

Similar For Sale Nearby

See more

Industrial Flex Multi-Building

2101 S Arkola Dr, Springdale, AR 72764

$2,000,000

20,220 SF

View details

Multi-Tenant Flex Space Centers

20321 and 20323 E Hwy 412, Springdale, AR 72764

$4,753,000

23,996 SF

View details

Multi-Tenant Flex Space Centers

20321 and 20323 E Hwy 412, Springdale, AR 72764

$4,753,000

23,996 SF

View details

Multi-Tenant NNN Flex Space

21118 Wade Road, Springdale, AR 72764

$2,230,000

11,998 SF

View details

Three-Building Flex Industrial Property

2101 Arkhola Drive, Springdale, AR 72764

Contact for pricing

20,220 SF

View details

Warehouse with Outdoor Storage

287 W County Line Road, Springdale, AR 72764

$699,900

8,550 SF

View details

Flex Space with Shop/Warehouse

801 Turner Street, Springdale, AR 72764

$899,900

4,406 SF

View details

Two-Building Auto Shop

16618 Highway 412, Springdale, AR 72764

$925,000

4,258 SF

View details

Flex Space with Shop and Office

107 W Apple Blossom Avenue, Springdale, AR 72745

$725,000

2,160 SF

View details

Flex Space with Drive-Through Doors

800 N Jefferson, Springdale, AR 72764

Contact for pricing

2,500 SF

View details

Former Elementary School Property

800 E Emma Avenue, Springdale, AR 72764

$2,250,000

21,020 SF

View details

Industrial Mixed-Use Property

2101 Arkhola Drive, Springdale, AR 72764

$2,000,000

20,220 SF

View details

Similar Off Market Nearby

• Tim's Chicken Wings and Things — 835 71 Plaza Ct, Springdale, AR 72764

Frequently Asked Questions

What type of property is this?

Flex space - The current owner-occupant is willing to execute a leaseback arrangement.

Where is this flex space located?

The property is located at 2407 S Thompson St Springdale, AR.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: 21,840‑square‑foot flex building; Single‑tenant configuration; Current owner‑occupant willing to execute a leaseback arrangement