Flex Space with Equipment
For Sale
$1,500,000
3592 S Hwy 367, Searcy, AR 72143
Shop and office areas provide a combination of industrial workspace and customer-facing rooms.
Property Size10,560 SF
Price / SF$142.05
Days on Market126
Property Features for 3592 S Hwy 367
General Information
Standard status
Active
Size
10,560 SF
Property subtype
Building and Land
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
8,228 SF
Office Build-Out
2,332 SF
Additional Details
Property Use
Warehouse/Shop, Office
Taxes and HOA fees
Annual Taxes
$6,153
Amenities
private offices
reception
waiting area
kitchen
3 bathrooms
ample parking
Building Details
Building Size
10,560 SF
Year Built
2009
Listing Agency:
Dalrymple
Listed By:
Jose Colunga · License #PB00076250
(501) 515-2658
Source:
Howellrealtypros
Added: Jun 30
Changed: Oct 31
Last Checked: Oct 31 at 6:06PM
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 Dalrymple
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Investment Insights
Based on property information with market context.
Built in 2009, this flex property contains 10,560 square feet, including 8,228 square feet of warehouse and shop space and 2,332 square feet of office space. The shop has reinforced flooring, infrared heat, ventilation, ample power, and overhead doors measuring 14 feet and 16 feet. Office areas are heated and cooled and include private offices, reception, a waiting area, a kitchen, and three bathrooms.
The property is just off I-57, formerly US-67, and one mile from Searcy Regional Airport. Additional land is available for expansion, outdoor storage, or fleet parking. Ample parking is also noted on the property.
The property is just off I-57, formerly US-67, and one mile from Searcy Regional Airport. Additional land is available for expansion, outdoor storage, or fleet parking. Ample parking is also noted on the property.
Key Highlights
- 10,560 square feet total: 8,228 square feet of shop and warehouse space plus 2,332 square feet of offices
- Reinforced shop flooring, infrared heat, ventilation, and ample power
- 14ft and 16ft overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,817
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,796,340
$1.8M
Cap Rate 7%
$1,283,100
$1.3M
Cap Rate 9%
$997,967
$998.0K
Market Conditions
NOI Build-Up for 10,560 SF
Gross rent
$148.3K $14.04/SF
− Vacancy
−$10.1K −$0.95/SF
EGI
$138.2K $13.09/SF
− OpEx
−$48.4K −$4.58/SF
NOI
$89.8K $8.51/SF
Area
White County, AR
Vacancy
6.80%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,796,340
Cap Rate 7%
$1,283,100
Cap Rate 9%
$997,967
Alternative Uses
Best Use
Flex RnD
$1.28M
$1.12M – $1.50M
NOI $89,817 @ 7.0% cap · market cap 5.99%
Second Best
Warehouse
$689.4K
$603.2K – $804.3K
NOI $48,255 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,185 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Shop and office areas provide a combination of industrial workspace and customer-facing rooms.
Where is this flex space located?
The property is located at 3592 S Hwy 367 Searcy, AR.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,560 square feet total: 8,228 square feet of shop and warehouse space plus 2,332 square feet of offices; Reinforced shop flooring, infrared heat, ventilation, and ample power; 14ft and 16ft overhead doors
