Four-Building Flex Space
For Sale
$780,000
308 Thomas, White Hall, AR 71602
Commercial / Industrial, Built to Suit, White Hall, AR
Property Size10,000 SF
Lot Size1.33 Acres
Price / SF$78
Days on Market793
Property Features for 308 Thomas
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Exterior features
Fully Fenced
Fencing
Full
Subdivision
Metes & Bounds
Lot features
Level, Major Road Frontage
Directions
From Martha Mitchell take exit 35 and right on N Bryant street right on Sunset left on Thomas and the building is on the left
Standard status
Active
Size
10,000 SF
Lot size
1.33 Acres
Taxes and HOA fees
Tax Description
Parcel 001-06820-000
Legal Description
Parcel 001-06820-000
Building Details
Year built
2005
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Architectural style
Other
Listing Agency:
Lisa Attwood Realty
Listed By:
Lisa Attwood
(870) 329-4350
Added: Aug 12, 2024
Changed: Oct 5
Last Checked: Oct 13 at 4:06AM
MLS# 24029093
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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.
This flex space property includes four insulated buildings on 1.33 acres, with a combined property size of 10,000 square feet. Each structure has a separate address and power supply, concrete floors, metal roofing, full fencing, and a 14-by-14-foot overhead door. Current configurations include an office, a three-bedroom, two-bath residence with kitchen, dining area, and laundry room, and a building connected to a 35-by-50-foot showroom with three offices. One building is currently leased.
The property is located at 308 Thomas in White Hall, immediately off Interstate 530. Two covered lean-tos measure 17.5 by 210 feet and include 30-foot bays, adding substantial sheltered area to the site. The buildings provide a mix of office, showroom, residential, and open-use space within one secured property.
The property is located at 308 Thomas in White Hall, immediately off Interstate 530. Two covered lean-tos measure 17.5 by 210 feet and include 30-foot bays, adding substantial sheltered area to the site. The buildings provide a mix of office, showroom, residential, and open-use space within one secured property.
Key Highlights
- Four insulated buildings on 1.33 acres
- 10,000 square feet of total property size
- Each building has a separate address and power supply
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.
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Property Analytics
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Current Use
Lease Details
Yes
Highway 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Insulated buildings provide separate power, overhead access, and multiple existing configurations.
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 insulated buildings on 1.33 acres; 10,000 square feet of total property size; Each building has a separate address and power supply
