Flex Space with Loading
502 E 4th Street, Russellville, AR 72801
For Sale
$890,000
Commercial / Industrial, Russellville, AR
Property Size17,500 SF
Lot Size0.75 Acres
Price / SF$50.86
Days on Market596
Property Features for 502 E 4th Street
General Information
Property type
Property subtype
Parking
Exterior features
Accessibility
Directions
Subdivision
Standard status
Size
Lot size
Additional Details
Mixed-Use Components
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Flooring type
Listing Agency:
A Better Way Realty
(479) 219-5080
Listed By:
Clinton Papasan
(479) 886-4428
Added: Mar 25, 2025
Changed: Nov 2
Last Checked: Nov 10 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 17,500-square-foot flex property sits on 0.75 acres and includes a loading dock, three high roller doors, and concrete flooring. Front offices and a showroom occupy the older section, which can be removed to create additional space. The building’s ceiling height was increased to accommodate a second floor if desired, and an upstairs apartment includes a bedroom, kitchen, closet, shower, and bathroom.
Building features include 480 three-phase electricity, air drops, and three floor-level bathrooms. Two half lots are located behind the building.
Building features include 480 three-phase electricity, air drops, and three floor-level bathrooms. Two half lots are located behind the building.
Key Highlights
- 17,500 square feet on 0.75 acres
- Loading dock and 3 high roller doors
- 480 three‑phase electricity and air drops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,968
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Lease Details
3
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The building includes front offices, showroom space, three-phase power, and multiple overhead doors.
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 feet on 0.75 acres; Loading dock and 3 high roller doors; 480 three‑phase electricity and air drops
