Flex Warehouse with
For Sale
Contact for pricing
254 Greenhouse Rd, Bentonville, AR 72712
Includes office/showroom and warehouse space with one loading dock and two ground level doors.
Property Size10,800 SF
Price / SF$249.91
Days on Market49
Property Features for 254 Greenhouse Rd
General Information
Standard status
Active
Size
10,800 SF
Property subtype
Office, Industrial
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
2
Additional Details
Traffic Count
28,544 vehicles/day
Listing Agency:
Kelley Commercial Partners
(501) 804-4447
Listed By:
Philip Schmidt · License #AR SA00070023
Source:
Crexi
Added: Jul 7
Changed: Aug 14
Last Checked: Aug 23 at 5:45PM
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 Kelley Commercial Partners
Investment Insights
Based on property information with market context.
This flex warehouse property totals 10,800 SF, combining 4,800 SF of office/showroom space with 6,000 SF of warehouse space. Improvements include one loading dock and two ground level doors, supporting both customer-facing and operational use.
The property is located on E Centerton Blvd with visibility and recorded traffic of 28,544 VPD, and on Greenhouse Rd with traffic of 7,350 VPD.
Overall, the layout provides a dedicated front-end office/showroom component alongside a functional warehouse portion with dock and ground-level access.
The property is located on E Centerton Blvd with visibility and recorded traffic of 28,544 VPD, and on Greenhouse Rd with traffic of 7,350 VPD.
Overall, the layout provides a dedicated front-end office/showroom component alongside a functional warehouse portion with dock and ground-level access.
Key Highlights
- Total of 10,800 SF flex space: 4,800 SF office/showroom and 6,000 SF warehouse
- 1 loading dock plus 2 ground level doors for loading and access
- High‑traffic location on E Centerton Blvd with 28,544 VPD
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
$109,445
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
4.06%
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%
$2,188,900
$2.2M
Cap Rate 7%
$1,563,500
$1.6M
Cap Rate 9%
$1,216,056
$1.2M
Market Conditions
NOI Build-Up for 10,800 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
$181.4K $16.80/SF
− Vacancy
−$13.1K −$1.21/SF
EGI
$168.4K $15.59/SF
− OpEx
−$58.9K −$5.46/SF
NOI
$109.4K $10.13/SF
Area
Benton County, AR
Vacancy
7.20%
Lease Rate
$16.80 /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%
$2,188,900
Cap Rate 7%
$1,563,500
Cap Rate 9%
$1,216,056
Alternative Uses
Best Use
Flex RnD
$1.56M
$1.37M – $1.82M
NOI $109,445 @ 7.0% cap · market cap 4.06%
Second Best
Warehouse
$705.0K
$616.9K – $822.5K
NOI $49,352 @ 7.0% cap · market cap 1.83%
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,754 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
28,544 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72712, AR
38,053
Population
16,245
Households
2.3
Avg Household Size
34
Median Age
49%
College-Educated
94%
High-School Grad
51.8 sq mi
ZIP Area
735
Density / Sq Mi
$102,073
Median Household Income
$56,675
Median Earnings
$1,197
Median Rent
$401,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Includes office/showroom and warehouse space with one loading dock and two ground level doors.
Where is this flex space located?
The property is located at 254 Greenhouse Rd Bentonville, AR.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Total of 10,800 SF flex space: 4,800 SF office/showroom and 6,000 SF warehouse; 1 loading dock plus 2 ground level doors for loading and access; High‑traffic location on E Centerton Blvd with 28,544 VPD
