Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Flex Warehouse with Cold Storage Title is generated by Realmo AI

    400 Memorial Dr., Walnut Ridge, AR 72476

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    A flex warehouse with office space and cold storage, supported by multiple loading docks on a 5.3-acre site.

    Type:Land
    Property size:
    20,000 SF
    Lot size:
    5.30 Acres
    Price / SF:
    $112/SF
    Added:
    May 28, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 3:02 am

    Property Features for 400 Memorial Dr.

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Lot size
    5.30 Acres
    Property subtype
    Land

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Julie Courtney

    Listing agent Julie Courtney

    Listing office Archer Realty

    Listing date May 28, 2026

    Source Crexi

    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 Archer Realty

    HighLights

    • Commercial building offers 20,000 SF of office space with 2 bathrooms, break/conference room, and maintenance room
    • Includes 30' x 30' cold storage and a 1 loading dock setup in the main building
    • Additional building: 27' x 24' added to the main structure
    • Unfinished new build planned to add 22,000 SF with 15' sidewalls and 4 loading docks on one side plus 2 on the back
    • 20' sidewalls and concrete construction; new gravel road provides access to the rear of the property
    • Set on 5.3 acres (M/L) with city utilities available

    Overview

    This commercial building offers a flex configuration with office space and supporting amenities, including two bathrooms, a maintenance room, and a break/conference room. The property also includes a 30x30 cold storage component. Construction includes concrete with 20-foot sidewalls and a loading dock. An additional building measuring 27x24 has been added to the main structure.

    The site includes utility services provided by the city and sits on approximately 5.3 acres, with a new gravel road that runs to the rear of the property. In addition to the original buildings, there is an unfinished new build constructed with concrete and red iron, featuring 15-foot sidewalls and loading docks on multiple sides. The unfinished building is designed to join the existing structure.

    For tenants, buyers, or operators seeking a customizable live-work or distribution-style setup, the mix of office space, cold storage, and dock configuration supports a range of industrial and warehouse uses. The unfinished portion provides additional room to tailor the overall facility layout as needs change.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Walnut Ridge
    County
    Lawrence
    State
    Arkansas
    Longitude
    -90.966941
    Latitude
    36.070602

    Nearby Similar for Sale

    • $2,250,000
      20,000 SF

      Walnut Ridge Commercial Building For Sale

      20,000 SF commercial building with expansion potential on 5.3 acres.
      400 Memorial Dr., Walnut Ridge, AR 72476
      View Details
    • $405,000

      Medic One Ambulance Service Facility

      Ambulance service facility with contractual rent bumps and favorable lease.
      1117 W Vine St, Walnut Ridge, AR 72476
      View Details
    • $426,175
      7,500 SF

      Hoxie, AR Dollar General

      Low-price point Dollar General with almost 4 years remaining on lease.
      1127 Lincoln St, Walnut Ridge, AR
      View Details

    FAQs

    What type of property is this?
    Flex space - A flex warehouse with office space and cold storage, supported by multiple loading docks on a 5.3-acre site.
    Where is this flex space located?
    The property is located at 400 Memorial Dr. Walnut Ridge, AR.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: Commercial building offers 20,000 SF of office space with 2 bathrooms, break/conference room, and maintenance room; Includes 30' x 30' cold storage and a 1 loading dock setup in the main building; Additional building: 27' x 24' added to the main structure
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Julie Courtney
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    400 Memorial Dr., Walnut Ridge, AR 72476
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!