Flex Space with Roll-Up
For Sale
$890,000
502 E 4th Street, Russellville, AR 72801
COMMERCIAL - Russellville, AR
Property Size18,500 SF
Price / SF$48.11
Days on Market514
Property Features for 502 E 4th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Zoning description
Commercial
Parking features
Parking Lot
Appliances
GasWaterHeater, WaterHeater
Lot features
Corner Lot, City Lot, Level
Directions
Highway 7 South to 4th Street. 502 East 4th. South side of street.
Standard status
Active
APN
759-00008-0011
Size
18,500 SF
Taxes and HOA fees
Tax Description
N/2 lots 11 & 12, Lots 1,2,3,4 Block 2 W.R. McArthur Addition to City of Russellville, Pope County, ARKANSAS
Tax Annual Amount
2756
Legal Description
N/2 lots 11 & 12, Lots 1,2,3,4 Block 2 W.R. McArthur Addition to City of Russellville, Pope County, ARKANSAS
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
A Better Way Realty
(479) 219-5080
Listed By:
Clint Papasan · License #SA00048359
(479) 886-4428
Added: Mar 25, 2025
Changed: Aug 19
Last Checked: Aug 20 at 1:06AM
MLS# AV25-515
Copyright © 2026 ArkansasONE MLS. 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 18,500-square-foot flex space combines a substantial open building area with three large roll-up doors, a loading dock, offices, and a one-bedroom apartment. High ceilings, heavy insulation, heavy-duty electrical service, concrete flooring, and a metal roof support a range of operational layouts. The property also includes central heating and cooling, public water and sewer, and parking areas at both the front and rear of the building.
Located at 502 E 4th Street in Russellville, the property fronts 4th Street, which recorded 8,800 cars per day according to AR DOT data from 2022. C2 zoning is in place. The building’s height and open configuration may accommodate future interior adjustments, including the potential addition of a second floor, subject to applicable approvals.
Located at 502 E 4th Street in Russellville, the property fronts 4th Street, which recorded 8,800 cars per day according to AR DOT data from 2022. C2 zoning is in place. The building’s height and open configuration may accommodate future interior adjustments, including the potential addition of a second floor, subject to applicable approvals.
Key Highlights
- 18,500 SF flex building in Russellville
- Three large roll‑up doors and a loading dock
- One‑bedroom apartment plus dedicated office areas
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
$71,795
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
8.07%
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%
$1,435,900
$1.4M
Cap Rate 7%
$1,025,643
$1.0M
Cap Rate 9%
$797,722
$797.7K
Market Conditions
NOI Build-Up for 18,500 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
$111.0K $6.00/SF
− Vacancy
−$8.4K −$0.46/SF
EGI
$102.6K $5.54/SF
− OpEx
−$30.8K −$1.66/SF
NOI
$71.8K $3.88/SF
Area
Pope County, AR
Vacancy
7.60%
Lease Rate
$6.00 /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%
$1,435,900
Cap Rate 7%
$1,025,643
Cap Rate 9%
$797,722
Alternative Uses
Best Use
Flex RnD
$2.25M
$1.97M – $2.62M
NOI $157,350 @ 7.0% cap · market cap 17.68%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,538 @ 7.0% cap · market cap 9.50%
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $206,904 @ 7.0% cap · market cap 23.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72801, AR
18,510
Population
7,530
Households
2.5
Avg Household Size
29
Median Age
26%
College-Educated
82%
High-School Grad
8.0 sq mi
ZIP Area
2,314
Density / Sq Mi
$42,363
Median Household Income
$22,473
Median Earnings
$837
Median Rent
$153,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with loading access, office areas, and a one-bedroom apartment.
Where is this flex space located?
The property is located at 502 E 4th Street Russellville, AR.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 18,500 SF flex building in Russellville; Three large roll‑up doors and a loading dock; One‑bedroom apartment plus dedicated office areas
