Corner Warehouse
For Sale
$2,000,000
302 EAST PARKWAY, Russellville, AR 72801
Warehouse property built in 1999 at a corner location in Russellville.
Property Size15,322 SF
Price / SF$130.53
Days on Market158
Property Features for 302 EAST PARKWAY
General Information
Standard status
Active
Size
15,322 SF
Building Details
Building Size
15,322 SF
Year Built
1999
Listing Agency:
Arkansas Real Estate Collective
Listed By:
Wetzel Group
(479) 280-1999
Source:
Evrealestate
Added: May 16
Changed: Oct 15
Last Checked: Oct 19 at 4:27AM
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 Arkansas Real Estate Collective
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property contains 15,322 square feet and was constructed in 1999. The building occupies a corner position at the intersection of E. Parkway and N. Cleveland Ave. in Russellville, Pope County, Arkansas.
Key Highlights
- 15,322‑square‑foot warehouse property
- Constructed in 1999
- Corner location at E. Parkway and N. Cleveland Ave.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,015
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,300
$1.4M
Cap Rate 7%
$1,000,214
$1.0M
Cap Rate 9%
$777,944
$777.9K
Market Conditions
NOI Build-Up for 15,322 SF
Gross rent
$91.9K $6.00/SF
− Vacancy
−$9.6K −$0.62/SF
EGI
$82.4K $5.38/SF
− OpEx
−$12.4K −$0.81/SF
NOI
$70.0K $4.57/SF
Area
Pope County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,300
Cap Rate 7%
$1,000,214
Cap Rate 9%
$777,944
Alternative Uses
Best Use
Warehouse
$1.00M
$875.2K – $1.17M
NOI $70,015 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,361 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,069
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72801, AR
18,510
Population
7,530
Households
2.5
Avg Household Size
29
Median Age
26%
College-Educated
82%
High-School Grad
8.0 sq mi
ZIP Area
2,314
Density / Sq Mi
$42,363
Median Household Income
$22,473
Median Earnings
$837
Median Rent
$153,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Safe & Secure Storage — 100 W Main St, Russellville, AR 72801
- Russellville Mini Storage — E 2nd St, Russellville, AR 72801
- EZ Storage - E 2nd St — 1301 E 2nd St, Russellville, AR 72801
- Jet Moving & Storage Co Inc — 1404 E 2nd St, Russellville, AR 72801
- Broadway Transfer & Storage — 1410 E 2nd St, Russellville, AR 72801
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property built in 1999 at a corner location in Russellville.
Where is this warehouse located?
The property is located at 302 EAST PARKWAY Russellville, AR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 15,322‑square‑foot warehouse property; Constructed in 1999; Corner location at E. Parkway and N. Cleveland Ave.
