Flex Building with
New
For Sale
$1,690,000
517 W Morris Avenue, Springdale, AR 72764
CommercialSale, Springdale, AR
Property Size9,600 SF
Lot Size2.27 Acres
Price / SF$176.04
Days on Market2
Property Features for 517 W Morris Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
0.25 miles east of N Thompson St south along W Morris Ave before you get to Memory Lane in Springdale, AR.
Standard status
Active
APN
21-00258-001
Size
9,600 SF
Lot size
2.27 Acres
Additional Details
Property Use
Flex/Industrial
Taxes and HOA fees
Tax Description
See tax card
Legal Description
See tax card
Building Details
Buildings
1
Listing Agency:
Colliers International - Branch Office
(479) 636-9000
Listed By:
John Rowland · License #SA00076429
(501) 804-2514
Added: Nov 2
Last Checked: Nov 3 at 2:06PM
MLS# 1366925
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.
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Investment Insights
Based on property information with market context.
This 9,600-square-foot flex building occupies 2.27 acres and includes approximately 1,800 square feet of office space alongside 7,800 square feet of warehouse area. The site has about 1.6 acres of yard area with potential for outdoor storage. Two drive-in overhead doors and two dock-high overhead doors serve the building, while paved parking at the front includes ADA-accessible spaces.
The property is zoned C-2 (Commercial). Highway 71B is a one-minute drive away, and I-49 is approximately five minutes away.
The property is zoned C-2 (Commercial). Highway 71B is a one-minute drive away, and I-49 is approximately five minutes away.
Key Highlights
- 9,600‑square‑foot flex/industrial building on 2.27 acres
- Approximately 1,800 square feet of office space and 7,800 square feet of warehouse area
- About 1.6 acres of yard area with potential for outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,783
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,175,660
$1.2M
Cap Rate 7%
$839,757
$839.8K
Cap Rate 9%
$653,144
$653.1K
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$77.2K $8.04/SF
− Vacancy
−$8.0K −$0.84/SF
EGI
$69.2K $7.20/SF
− OpEx
−$10.4K −$1.08/SF
NOI
$58.8K $6.12/SF
Area
Washington County, AR
Vacancy
10.40%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,175,660
Cap Rate 7%
$839,757
Cap Rate 9%
$653,144
Alternative Uses
Best Use
Warehouse
$839.8K
$734.8K – $979.7K
NOI $58,783 @ 7.0% cap · market cap 3.48%
Second Best
Industrial
$801.8K
$701.6K – $935.4K
NOI $56,125 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$2.58M
$2.25M – $3.01M
NOI $180,376 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
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 split office and warehouse layout includes drive-in and dock-high loading access.
Where is this flex space located?
The property is located at 517 W Morris Avenue Springdale, AR.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 9,600‑square‑foot flex/industrial building on 2.27 acres; Approximately 1,800 square feet of office space and 7,800 square feet of warehouse area; About 1.6 acres of yard area with potential for outdoor storage
