Industrial Flex Building with Loading
For Sale
$890,000
502 E 4th Street, Russellville, AR 72801
Commercial / Industrial, Russellville, AR
Property Size17,500 SF
Lot Size0.75 Acres
Price / SF$50.86
Days on Market551
Property Features for 502 E 4th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Exterior features
Overhead Doors, Loading Dock, Wheelchair Accessible
Accessibility
Accessible Approach with Ramp
Directions
Highway 64 to Highway 7 South to 4th Street on left next to Taco Villa.
Subdivision
POPE COUNTY
Standard status
Active
Size
17,500 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Description
PT WR McArthur Addition City
Tax Annual Amount
2756
Legal Description
PT WR McArthur Addition City
Building Details
Year built
1975
Floors in Building
2
Flooring type
Concrete
Listing Agency:
A Better Way Realty
(479) 219-5080
Listed By:
Clinton Papasan
(479) 886-4428
Added: Mar 25, 2025
Changed: Sep 20
Last Checked: Sep 26 at 2:06PM
MLS# 25014174
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 17,500-square-foot flex property combines a front showroom and office area with industrial space, concrete flooring, and an upstairs apartment featuring a bedroom, bathroom with shower, kitchen, and closet. The building includes three floor-level bathrooms, air drops, 480 three-phase electricity, a loading dock, and three high roller doors for equipment and material access. Wheelchair-accessible features include an approach ramp.
The property occupies 0.75 acres at 502 E 4th Street in Russellville, Arkansas, with two half lots behind the building. Built in 1975, the facility offers existing office and industrial improvements along with physical features suited to a range of flex-space operations.
The property occupies 0.75 acres at 502 E 4th Street in Russellville, Arkansas, with two half lots behind the building. Built in 1975, the facility offers existing office and industrial improvements along with physical features suited to a range of flex-space operations.
Key Highlights
- 17,500‑square‑foot flex and industrial building
- 0.75‑acre property with two half lots behind the building
- 480 three‑phase electricity and air drops
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
$79,968
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
8.99%
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%
$1,599,360
$1.6M
Cap Rate 7%
$1,142,400
$1.1M
Cap Rate 9%
$888,533
$888.5K
Market Conditions
NOI Build-Up for 17,500 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
$105.0K $6.00/SF
− Vacancy
−$10.9K −$0.62/SF
EGI
$94.1K $5.38/SF
− OpEx
−$14.1K −$0.81/SF
NOI
$80.0K $4.57/SF
Area
Pope County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,599,360
Cap Rate 7%
$1,142,400
Cap Rate 9%
$888,533
Alternative Uses
Best Use
Flex RnD
$2.13M
$1.86M – $2.48M
NOI $148,845 @ 7.0% cap · market cap 16.72%
Second Best
Warehouse
$1.14M
$999.6K – $1.33M
NOI $79,968 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$2.80M
$2.45M – $3.26M
NOI $195,720 @ 7.0% cap · market cap 21.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Drive-in doors
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
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
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property with office frontage, overhead doors, three-phase power, and an upstairs 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: 17,500‑square‑foot flex and industrial building; 0.75‑acre property with two half lots behind the building; 480 three‑phase electricity and air drops
