Building Details

Year built 2023

Floors in Building 1

Flooring type Concrete

Roof type Metal

Listing Agency: Baxley-Penfield-Moudy Realtors t***@bpmrealtors.com Show Phone

Listed By: Greg Calaway Show Phone

Added: May 6, 2024 Changed: Oct 5 Last Checked: Oct 6 at 3:06AM

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MLS# 24015537

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.

This 2,400-square-foot flex property sits on 2 acres and was built in 2023. The shop has two bays and is currently occupied by a fiberglass business. Several office areas have been framed with walls but remain unfinished. Concrete flooring and a metal roof are also in place.

A septic system is installed and currently serves a couple of RVs on the property.

Key Highlights

• 2,400 square feet on 2 acres
• Two‑bay shop currently used for a fiberglass business
• Built in 2023

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,047

Cap Rate

3.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$280,940 $280.9K

Cap Rate 7%

$200,671 $200.7K

Cap Rate 9%

$156,078 $156.1K

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$23.0K $9.60/SF

− Vacancy

−$1.4K −$0.60/SF

EGI

$21.6K $9.00/SF

− OpEx

−$7.6K −$3.15/SF

NOI

$14.0K $5.85/SF

Area

Saline County, AR

Vacancy

6.20%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$280,940

Cap Rate 7%

$200,671

Cap Rate 9%

$156,078

Alternative Uses

Best Use

Flex RnD

$200.7K

$175.6K – $234.1K (±1% cap)

NOI $14,047 @ 7.0% cap · market cap 3.56%

Second Best

Industrial

$148.0K

$129.5K – $172.6K (±1% cap)

NOI $10,358 @ 7.0% cap · market cap 2.62%

Theoretical Best

Office A

$523.7K

$458.3K – $611.0K (±1% cap)

NOI $36,662 @ 7.0% cap · market cap 9.28%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop

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

14

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72002, AR

18,477

Population

8,071

Households

2.3

Avg Household Size

36

Median Age

28%

College-Educated

89%

High-School Grad

65.9 sq mi

ZIP Area

280

Density / Sq Mi

$78,260

Median Household Income

$47,835

Median Earnings

$1,028

Median Rent

$202,900

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Concrete flooring, a metal roof, and unfinished office areas complement the existing shop configuration.

Where is this flex space located?

The property is located at 2524 PAMELA WAY Alexander, AR.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: 2,400 square feet on 2 acres; Two‑bay shop currently used for a fiberglass business; Built in 2023