Industrial Warehouse with Drive-In
For Sale
$1,200,000
2660 Progressive Place, Springdale, AR 72764
COMMERCIAL - Springdale, AR
Property Size7,700 SF
Lot Size5.00 Acres
Price / SF$155.84
Days on Market9
Property Features for 2660 Progressive Place
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
At the intersection of County Line Road and Progressive Place in Springdale, AR
Standard status
Active
APN
815-29577-000
Size
7,700 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Description
see tax card
Legal Description
see tax card
Building Details
Year built
1987
Listing Agency:
Colliers International - Branch Office
(479) 636-9000
Listed By:
John Rowland · License #SA00076429
(501) 804-2514
Added: Aug 11
Changed: Aug 19
Last Checked: Aug 19 at 10:06AM
MLS# 1358465
Copyright © 2026 ArkansasONE MLS. 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.
Built in 1987, the industrial warehouse contains 7,700 SF on a 5-acre site. The building is equipped with 5 drive-in overhead doors and 1 dock-high overhead door, supporting varied loading requirements. A separate approximately 2,000 SF covered and insulated storage structure adds functional storage capacity.
The property is zoned C-4 and offers room for potential building expansion or additional structures. The site is approximately an 8-minute drive from I-49 and is minutes from the future Hwy 612 bypass interchange. Outdoor storage may also be possible on the acreage.
The property is zoned C-4 and offers room for potential building expansion or additional structures. The site is approximately an 8-minute drive from I-49 and is minutes from the future Hwy 612 bypass interchange. Outdoor storage may also be possible on the acreage.
Key Highlights
- 7,700 SF industrial warehouse on 5 total acres
- 5 drive‑in overhead doors plus 1 dock‑high overhead door
- Additional +/- 2,000 SF covered and insulated storage structure
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
$47,149
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
3.93%
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%
$942,980
$943.0K
Cap Rate 7%
$673,557
$673.6K
Cap Rate 9%
$523,878
$523.9K
Market Conditions
NOI Build-Up for 7,700 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
$61.9K $8.04/SF
− Vacancy
−$6.4K −$0.84/SF
EGI
$55.5K $7.20/SF
− OpEx
−$8.3K −$1.08/SF
NOI
$47.1K $6.12/SF
Area
Washington County, AR
Vacancy
10.40%
Lease Rate
$8.04 /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%
$942,980
Cap Rate 7%
$673,557
Cap Rate 9%
$523,878
Alternative Uses
Best Use
Warehouse
$673.6K
$589.4K – $785.8K
NOI $47,149 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,676 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
5
Drive-in doors
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Well-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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - C-4-zoned facility includes warehouse space, loading access, and a separate covered storage structure.
Where is this warehouse located?
The property is located at 2660 Progressive Place Springdale, AR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,700 SF industrial warehouse on 5 total acres; 5 drive‑in overhead doors plus 1 dock‑high overhead door; Additional +/- 2,000 SF covered and insulated storage structure
