Two-Building Flex
For Sale
$6,500,000
5511 Stadium Boulevard, Jonesboro, AR 72404
Two-building configuration combines renovated office areas with warehouse and flex space on a substantial commercial site.
Property Size24,870 SF
Lot Size21.79 Acres
Price / SF$261.36
Days on Market107
Property Features for 5511 Stadium Boulevard
General Information
Standard status
Active
Size
24,870 SF
Total Parking Spaces
50
Lot size
21.79 Acres
Property subtype
Commercial
Additional Details
Fenced Yard
Yes
Amenities
fenced truck court
Building Details
Building Size
24,870 SF
Year Built
2013
Buildings
2
Listing Agency:
Dalrymple
(501) 515-2658
Listed By:
Jose Colunga · License #AR PB00076250
(501) 515-2658
Source:
Proeliterealty
Added: May 6
Changed: Aug 16
Last Checked: Aug 19 at 2:06PM
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 Dalrymple
Investment Insights
Based on property information with market context.
This flex property includes two buildings totaling 24,870 square feet of gross space on 21.79 acres. The improvements combine renovated office areas with warehouse and flex components, supported by a fenced truck court for on-site vehicle and material handling.
The first building contains 6,637 square feet of office space and 8,363 square feet of warehouse flex. The second provides 1,303 square feet of office space alongside 8,567 square feet of warehouse area. Built in 2013, the property offers a consolidated layout for operations requiring office and industrial functions within the same complex.
The first building contains 6,637 square feet of office space and 8,363 square feet of warehouse flex. The second provides 1,303 square feet of office space alongside 8,567 square feet of warehouse area. Built in 2013, the property offers a consolidated layout for operations requiring office and industrial functions within the same complex.
Key Highlights
- Two buildings totaling 24,870 sq ft of gross space
- 21.79‑acre commercial property
- First building includes 6,637 SF of office and 8,363 SF of warehouse flex
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
$232,425
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
3.58%
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%
$4,648,500
$4.6M
Cap Rate 7%
$3,320,357
$3.3M
Cap Rate 9%
$2,582,500
$2.6M
Market Conditions
NOI Build-Up for 24,870 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
$352.2K $14.16/SF
− Vacancy
−$42.3K −$1.70/SF
EGI
$309.9K $12.46/SF
− OpEx
−$77.5K −$3.12/SF
NOI
$232.4K $9.35/SF
Area
Craighead County, AR
Vacancy
12.00%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
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%
$4,648,500
Cap Rate 7%
$3,320,357
Cap Rate 9%
$2,582,500
Alternative Uses
Best Use
Office B
$3.32M
$2.91M – $3.87M
NOI $232,425 @ 7.0% cap · market cap 3.58%
Second Best
Flex RnD
$2.16M
$1.89M – $2.52M
NOI $151,026 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,786 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72404, AR
29,344
Population
12,518
Households
2.3
Avg Household Size
35
Median Age
34%
College-Educated
93%
High-School Grad
128.0 sq mi
ZIP Area
229
Density / Sq Mi
$67,000
Median Household Income
$40,373
Median Earnings
$938
Median Rent
$236,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-building configuration combines renovated office areas with warehouse and flex space on a substantial commercial site.
Where is this flex space located?
The property is located at 5511 Stadium Boulevard Jonesboro, AR.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Two buildings totaling 24,870 sq ft of gross space; 21.79‑acre commercial property; First building includes 6,637 SF of office and 8,363 SF of warehouse flex
