Self-Storage Facility with 359
New
For Sale
$2,850,000
550 W Centerton Blvd, Centerton, AR 72719
Gated, camera-monitored facility with remote management and convenient access across the Northwest Arkansas market.
Property Size41,200 SF
Lot Size3.77 Acres
Price / SF$69.17
Days on Market4
Property Features for 550 W Centerton Blvd
General Information
Standard status
Active
Size
41,200 SF
Lot size
3.77 Acres
Property subtype
Self-Storage Facility
Occupancy
83%
Additional Details
Cap Rate
6.83%
Fenced Yard
Yes
Self-Storage Units
359
Amenities
security cameras
remote management
Established Drive-Up Facility – 359 units and more than 41,000 rentable-square feet situated on approximately 3.77 acres.
Infill Northwest Arkansas Location – Serves more than 42,000 residents within a three-mile radius, creating a deep and established customer base.
Exceptional Demographic Growth – Three-mile population has increased approximately 25% over the past five years.
Affluent Trade Area – Median household income exceeds $115,000, supporting long-term demand for self-storage.
In-Place Cash Flow with Expansion Potential – Stable occupancy, operational upside, and excess land provide multiple avenues for future growth.
Building Details
Building Size
41,200 SF
Year Built
2003
Units
359
Listing Agency:
Marcus & Millichap | Fort Worth
Listed By:
Brandon Karr · License #License(s): TX: 0545057, TX: 9005958
(817) 932-6163
Source:
Marcusmillichap
Added: Sep 22
Last Checked: Sep 24 at 6:40AM
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 Marcus & Millichap | Fort Worth
Investment Insights
Based on property information with market context.
Built in 2003, this self-storage property includes 359 units across 41,200 rentable square feet on approximately 3.77 acres. The site is enclosed by fencing and controlled gates, with security cameras and a remote management platform supporting operations with limited on-site staffing. A modest expansion opportunity is also identified on the existing property.
The facility is located at 550 W Centerton Blvd in Centerton, Arkansas, with access to Bentonville and surrounding communities. More than 42,000 residents live within a three-mile radius, and the immediate population has increased approximately 25 percent over the past five years. The surrounding area reports median household incomes exceeding $115,000.
The facility is located at 550 W Centerton Blvd in Centerton, Arkansas, with access to Bentonville and surrounding communities. More than 42,000 residents live within a three-mile radius, and the immediate population has increased approximately 25 percent over the past five years. The surrounding area reports median household incomes exceeding $115,000.
Key Highlights
- 359 self‑storage units totaling 41,200 rentable SF
- Approximately 3.77‑acre property in Centerton, Arkansas
- Built in 2003
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
$188,268
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
6.61%
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%
$3,765,360
$3.8M
Cap Rate 7%
$2,689,543
$2.7M
Cap Rate 9%
$2,091,867
$2.1M
Market Conditions
NOI Build-Up for 41,200 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
$247.2K $6.00/SF
− Vacancy
−$25.7K −$0.62/SF
EGI
$221.5K $5.38/SF
− OpEx
−$33.2K −$0.81/SF
NOI
$188.3K $4.57/SF
Area
Benton 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%
$3,765,360
Cap Rate 7%
$2,689,543
Cap Rate 9%
$2,091,867
Alternative Uses
Best Use
Self Storage
$4.55M
$3.98M – $5.31M
NOI $318,394 @ 7.0% cap · market cap 11.17%
Second Best
Warehouse
$2.69M
$2.35M – $3.14M
NOI $188,268 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$11.32M
$9.91M – $13.21M
NOI $792,543 @ 7.0% cap · market cap 27.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 72719, AR
16,248
Population
6,989
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
96%
High-School Grad
9.2 sq mi
ZIP Area
1,766
Density / Sq Mi
$111,250
Median Household Income
$61,073
Median Earnings
$1,432
Median Rent
$283,300
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?
Self storage facility - Gated, camera-monitored facility with remote management and convenient access across the Northwest Arkansas market.
Where is this self storage facility located?
The property is located at 550 W Centerton Blvd Centerton, AR.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 359 self‑storage units totaling 41,200 rentable SF; Approximately 3.77‑acre property in Centerton, Arkansas; Built in 2003
