Self-Storage Facility with 359
550 W Centerton Blvd, Centerton, AR 72719
For Sale
$2,850,000
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 Market49
Property Features for 550 W Centerton Blvd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Cap Rate
Fenced Yard
Self-Storage Units
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
Year Built
Units
Listing Agency:
Marcus & Millichap | Fort Worth
Listed By:
Brandon Karr · License TX #9005958
(817) 932-6163
Source:
Marcusmillichap
Added: Sep 22
Changed: Nov 5
Last Checked: Nov 8 at 2:06AM
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
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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 / Yr
$188,268
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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
