Flex Building with Two Bay
For Sale
$1,200,000
Pending
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
Days on Market151
Property Features for 2763 E Robinson Avenue
General Information
Standard status
Pending
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) 254-7000
Listed By:
Palmer Hays · License #SA00088334
(479) 466-8499
Source:
Exitrealty
Added: May 13
Changed: Sep 2
Last Checked: Sep 15 at 6:11AM
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 / Yr
$44,088
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Market
Vacancy Rate% for Industrial in South region
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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
