Flex Building with Two Bay
For Sale
$1,200,000
2763 E Robinson Avenue, Springdale, AR 72764
Flex building with 2 oversized bay doors, 16' minimum wall height, and about 35–40 parking spaces.
Property Size7,200 SF
Price / SF$166.67
Days on Market105
Property Features for 2763 E Robinson Avenue
General Information
Standard status
Active
Size
7,200 SF
Total Parking Spaces
40
Property subtype
Commercial/Industrial
Additional Details
Highway Access
Yes
Building Details
Year Built
2003
Listing Agency:
Focus Commercial Real Estate
(479) 466-8499
Listed By:
Palmer Hays · License #SA00088334
(479) 466-8499
Source:
Exitrealty
Added: May 13
Changed: Aug 23
Last Checked: Aug 24 at 3:19AM
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 Focus Commercial Real Estate
Investment Insights
Based on property information with market context.
This approximately 7,200 SF flex building includes about 1,500 SF of office space and warehouse/flex areas. Office improvements feature a reception area, breakroom, three private offices, and two restrooms. The building is equipped with two oversized bay doors sized 24' x 14', along with 16' minimum wall height and 19' peak height.
On-site parking is approximately 35–40 spaces, and the property is described as being along the Highway 412 corridor, about 5.2 miles from Interstate 49. An existing income-producing tenant, Twice the Ice, is located within the parking lot area, and the lease is stated to convey with the sale on a month-to-month basis, generating $600 per month.
On-site parking is approximately 35–40 spaces, and the property is described as being along the Highway 412 corridor, about 5.2 miles from Interstate 49. An existing income-producing tenant, Twice the Ice, is located within the parking lot area, and the lease is stated to convey with the sale on a month-to-month basis, generating $600 per month.
Key Highlights
- ±7,200 SF flex building with office space of ±1,500 SF plus reception, breakroom, three private offices, and two restrooms
- 2 oversized bay doors measuring 24' x 14' each
- Warehouse clear heights: 16' minimum wall height and 19' peak height
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
$44,088
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
3.67%
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%
$881,760
$881.8K
Cap Rate 7%
$629,829
$629.8K
Cap Rate 9%
$489,867
$489.9K
Market Conditions
NOI Build-Up for 7,200 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
$57.9K $8.04/SF
− Vacancy
−$6.0K −$0.84/SF
EGI
$51.9K $7.20/SF
− OpEx
−$7.8K −$1.08/SF
NOI
$44.1K $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%
$881,760
Cap Rate 7%
$629,829
Cap Rate 9%
$489,867
Alternative Uses
Best Use
Warehouse
$629.8K
$551.1K – $734.8K
NOI $44,088 @ 7.0% cap · market cap 3.67%
Second Best
Industrial
$601.3K
$526.2K – $701.6K
NOI $42,094 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,282 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
186
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex building with 2 oversized bay doors, 16' minimum wall height, and about 35–40 parking spaces.
Where is this flex space located?
The property is located at 2763 E Robinson Avenue 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: ±7,200 SF flex building with office space of ±1,500 SF plus reception, breakroom, three private offices, and two restrooms; 2 oversized bay doors measuring 24' x 14' each; Warehouse clear heights: 16' minimum wall height and 19' peak height
