Flex Space with Fenced
For Sale
$120,000
510 Aplin Ave, Perryville, AR 72126
A front office and retail area complement the warehouse, with an enclosed exterior area for equipment or vehicles.
Property Size2,400 SF
Price / SF$50
Days on Market9
Property Features for 510 Aplin Ave
General Information
Standard status
Active
Size
2,400 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$798
Listing Agency:
CMR Real Estate, LLC
(501) 242-0321
Listed By:
Casey Rucker
(501) 539-3916
Source:
Exprealty
Added: Oct 12
Changed: Oct 19
Last Checked: Oct 19 at 2:33PM
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 CMR Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,400-square-foot flex property combines a front office and retail area with warehouse space. A separate bay door opens to the fenced portion of the lot east of the building, providing direct access between the exterior area and warehouse. The enclosed space can accommodate equipment, vehicles, or outdoor storage.
The property is at 510 Aplin Ave in Perryville, just off Aplin Avenue and Highway 60 West, near downtown. It is vacant and was previously leased.
The property is at 510 Aplin Ave in Perryville, just off Aplin Avenue and Highway 60 West, near downtown. It is vacant and was previously leased.
Key Highlights
- 2,400‑square‑foot flex property
- Front office and retail area paired with warehouse space
- Fenced lot area east of the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,720
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,400
$214.4K
Cap Rate 7%
$153,143
$153.1K
Cap Rate 9%
$119,111
$119.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$13.2K $5.52/SF
− Vacancy
−$636 −$0.26/SF
EGI
$12.6K $5.26/SF
− OpEx
−$1.9K −$0.79/SF
NOI
$10.7K $4.47/SF
Area
Perry County, AR
Vacancy
4.80%
Lease Rate
$5.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,400
Cap Rate 7%
$153,143
Cap Rate 9%
$119,111
Alternative Uses
Best Use
Retail
$341.1K
$298.5K – $398.0K
NOI $23,878 @ 7.0% cap · market cap 19.90%
Second Best
Warehouse
$153.1K
$134.0K – $178.7K
NOI $10,720 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$488.7K
$427.6K – $570.1K
NOI $34,206 @ 7.0% cap · market cap 28.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72126, AR
3,649
Population
1,782
Households
2
Avg Household Size
44
Median Age
18%
College-Educated
94%
High-School Grad
203.3 sq mi
ZIP Area
18
Density / Sq Mi
$58,843
Median Household Income
$45,103
Median Earnings
$589
Median Rent
$130,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A front office and retail area complement the warehouse, with an enclosed exterior area for equipment or vehicles.
Where is this flex space located?
The property is located at 510 Aplin Ave Perryville, AR.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 2,400‑square‑foot flex property; Front office and retail area paired with warehouse space; Fenced lot area east of the warehouse
