New Flex Space
For Sale
Contact for pricing
322 North Goad Springs Road, Lowell, AR 72745
Newly built commercial space supports either a single occupant or a multi-tenant configuration along the NWA corridor.
Property Size42,400 SF
Price / SF$162.74
Days on Market98
Property Features for 322 North Goad Springs Road
General Information
Standard status
Active
Size
42,400 SF
Property subtype
Retail, Industrial
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Year Built
2026
Listing Agency:
Kelley Commercial Partners
(501) 804-4447
Listed By:
Jordan Jeter, CCIM · License #AR SA00066058
Source:
Crexi
Added: May 27
Changed: Aug 30
Last Checked: Sep 1 at 6:41AM
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 Kelley Commercial Partners
Investment Insights
Based on property information with market context.
This 42,400-square-foot flex space building was completed in spring 2026 and is configured to accommodate either one occupant or multiple tenants. The property offers a commercial format suited to flexible occupancy within the NWA market.
Located at 322 North Goad Springs Road in Lowell, Arkansas, the building provides access to I-49 via Exit 78. Its position on the NWA corridor supports regional connectivity for occupants serving markets throughout Northwest Arkansas.
Located at 322 North Goad Springs Road in Lowell, Arkansas, the building provides access to I-49 via Exit 78. Its position on the NWA corridor supports regional connectivity for occupants serving markets throughout Northwest Arkansas.
Key Highlights
- 42,400‑square‑foot flex space building
- Completed in spring 2026
- Configured for single‑tenant or multi‑tenant occupancy
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
$482,347
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
6.99%
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%
$9,646,940
$9.6M
Cap Rate 7%
$6,890,671
$6.9M
Cap Rate 9%
$5,359,411
$5.4M
Market Conditions
NOI Build-Up for 42,400 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
$737.8K $17.40/SF
− Vacancy
−$48.7K −$1.15/SF
EGI
$689.1K $16.25/SF
− OpEx
−$206.7K −$4.88/SF
NOI
$482.3K $11.38/SF
Area
Benton County, AR
Vacancy
6.60%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$9,646,940
Cap Rate 7%
$6,890,671
Cap Rate 9%
$5,359,411
Alternative Uses
Best Use
Retail
$6.89M
$6.03M – $8.04M
NOI $482,347 @ 7.0% cap · market cap 6.99%
Second Best
Flex RnD
$6.14M
$5.37M – $7.16M
NOI $429,671 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$11.65M
$10.20M – $13.59M
NOI $815,627 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72745, AR
13,371
Population
5,324
Households
2.5
Avg Household Size
35
Median Age
26%
College-Educated
85%
High-School Grad
31.8 sq mi
ZIP Area
420
Density / Sq Mi
$88,958
Median Household Income
$49,144
Median Earnings
$1,119
Median Rent
$255,700
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 - Newly built commercial space supports either a single occupant or a multi-tenant configuration along the NWA corridor.
Where is this flex space located?
The property is located at 322 North Goad Springs Road Lowell, AR.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: 42,400‑square‑foot flex space building; Completed in spring 2026; Configured for single‑tenant or multi‑tenant occupancy
