Four-Building Flex
For Sale
$780,000
308 Thomas, White Hall, AR 71602
Four insulated commercial buildings offer separate power, overhead doors, office space, showroom capacity, and varied current uses.
Property Size10,000 SF
Lot Size1.33 Acres
Price / SF$78
Days on Market89
Property Features for 308 Thomas
General Information
Standard status
Active
Size
10,000 SF
Lot size
1.33 Acres
Property subtype
Commercial / Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Buildings
4
Listing Agency:
Lisa Attwood Realty
Listed By:
Lisa Attwood
(870) 329-4350
Source:
Heilesassociatesrealtors
Added: Jul 20
Changed: Oct 9
Last Checked: Oct 14 at 10:40PM
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 Lisa Attwood Realty
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 flex property comprises four insulated 50-by-50-foot buildings totaling 10,000 square feet on 1.33 acres. Each structure has its own address and separate power supply, along with a 14-by-14-foot overhead commercial garage door. Current configurations include an office, a showroom area with three offices, a leased building, and a residential-style conversion with three bedrooms, two bathrooms, a kitchen, dining room, and laundry room.
The property is positioned just off Interstate 530 in White Hall, Arkansas. Two covered lean-tos add 17.5-by-210-foot areas with 30-foot bays, providing additional covered space across the site.
The property is positioned just off Interstate 530 in White Hall, Arkansas. Two covered lean-tos add 17.5-by-210-foot areas with 30-foot bays, providing additional covered space across the site.
Key Highlights
- Four 50x50 insulated buildings on 1.33 acres
- 10,000 square feet across four separate structures
- Each building has a 14x14 overhead commercial garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,266
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,320
$1.0M
Cap Rate 7%
$718,086
$718.1K
Cap Rate 9%
$558,511
$558.5K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$66.0K $6.60/SF
− Vacancy
−$6.9K −$0.69/SF
EGI
$59.1K $5.91/SF
− OpEx
−$8.9K −$0.89/SF
NOI
$50.3K $5.03/SF
Area
Jefferson County, AR
Vacancy
10.40%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,320
Cap Rate 7%
$718,086
Cap Rate 9%
$558,511
Alternative Uses
Best Use
Flex RnD
$2.08M
$1.82M – $2.43M
NOI $145,818 @ 7.0% cap · market cap 18.69%
Second Best
Office B
$1.93M
$1.68M – $2.25M
NOI $134,761 @ 7.0% cap · market cap 17.28%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,468 @ 7.0% cap · market cap 23.01%
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
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71602, AR
16,112
Population
7,489
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
89%
High-School Grad
131.0 sq mi
ZIP Area
123
Density / Sq Mi
$54,936
Median Household Income
$35,644
Median Earnings
$900
Median Rent
$135,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Four insulated commercial buildings offer separate power, overhead doors, office space, showroom capacity, and varied current uses.
Where is this flex space located?
The property is located at 308 Thomas White Hall, AR.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Four 50x50 insulated buildings on 1.33 acres; 10,000 square feet across four separate structures; Each building has a 14x14 overhead commercial garage door
