Listing Agency: Looper Auction & Realty II, LLC Show Phone

Listed By: Zack and Shawn Looper Team Show Phone

Added: Oct 8 Changed: Oct 12 Last Checked: Oct 16 at 3:06AM

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MLS# 1092409

Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 1,500-square-foot flex property includes a shop building with a concrete floor, two roll-up doors, an office, and a bathroom. The building sits on a 0.84-acre parcel enclosed by a 5-foot chain-link fence.

Located at 423 Rachael St in Alma, Arkansas, the property has road frontage.

Key Highlights

• 1,500‑square‑foot shop building
• Two roll‑up doors and a concrete floor
• Includes an office and a bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,770

Suggested Prices Based on Cap Rates

Cap Rate 5%

$175,400 $175.4K

Cap Rate 7%

$125,286 $125.3K

Cap Rate 9%

$97,444 $97.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$13.5K $9.00/SF

− Vacancy

−$972 −$0.65/SF

EGI

$12.5K $8.35/SF

− OpEx

−$3.8K −$2.51/SF

NOI

$8.8K $5.85/SF

Area

Crawford County, AR

Vacancy

7.20%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$175,400

Cap Rate 7%

$125,286

Cap Rate 9%

$97,444

Alternative Uses

Best Use

Flex RnD

$133.3K

$116.6K – $155.5K (±1% cap)

NOI $9,328 @ 7.0% cap · market cap 932,800.00%

Second Best

Industrial

$125.3K

$109.6K – $146.2K (±1% cap)

NOI $8,770 @ 7.0% cap · market cap 877,000.00%

Theoretical Best

Office A

$287.6K

$251.6K – $335.5K (±1% cap)

NOI $20,131 @ 7.0% cap · market cap 2,013,100.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Building Supply Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

29

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72921, AR

13,770

Population

5,287

Households

2.6

Avg Household Size

39

Median Age

22%

College-Educated

91%

High-School Grad

88.9 sq mi

ZIP Area

155

Density / Sq Mi

$68,302

Median Household Income

$44,259

Median Earnings

$963

Median Rent

$185,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

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Restaurant Building with Covered Porch

215 Westfork Street, Alma, AR 72921

$375,000

4,432 SF

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6242 N Highway 71, Alma, AR 72921

Contact for pricing

9,026 SF

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Frequently Asked Questions

What type of property is this?

Flex space - The shop includes a dedicated office and bathroom for on-site administrative and staff use.

Where is this flex space located?

The property is located at 423 Rachael ST Alma, AR.

What are key features of this property?

This property features: 1,500‑square‑foot shop building; Two roll‑up doors and a concrete floor; Includes an office and a bathroom