Flex Building With Living
For Sale
$399,000
5743 Albert Pike Road, Royal, AR 71968
Metal construction supports combined business and residential use with commercial and residential zoning.
Property Size4,000 SF
Price / SF$99.75
Days on Market8
Property Features for 5743 Albert Pike Road
General Information
Standard status
Active
Size
4,000 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$757
Building Details
Buildings
1
Building Size
4,000 SF
Construction
metal building
Listing Agency:
CENTURY 21 H.S.V. Realty
(501) 922-8493
Listed By:
Monita Collins
(501) 922-8493
Source:
Exprealty
Added: Aug 13
Changed: Aug 16
Last Checked: Aug 19 at 12:51PM
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 CENTURY 21 H.S.V. Realty
Investment Insights
Based on property information with market context.
This flex property includes an approximately 4,000 SF metal building constructed by Butler Manufacturing Company. The layout incorporates approximately 640 SF of living quarters with a full bath, creating a combined commercial and residential configuration. Country water, Entergy electric, and septic serve the property, which is zoned for both commercial and residential use.
The site provides approximately 93 feet of highway frontage on Albert Pike Road in Royal, Arkansas. Treasure Isle, Lake Hamilton, resorts, boating, and recreational areas are nearby, while established businesses are located across the road. The property is within the Lake Hamilton School District.
The site provides approximately 93 feet of highway frontage on Albert Pike Road in Royal, Arkansas. Treasure Isle, Lake Hamilton, resorts, boating, and recreational areas are nearby, while established businesses are located across the road. The property is within the Lake Hamilton School District.
Key Highlights
- Approximately 4,000 SF metal building constructed by Butler Manufacturing Company
- Approximately 640 SF of living quarters with a full bath
- Approximately 93 feet of highway frontage on Albert Pike Road
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
$24,472
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
6.13%
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%
$489,440
$489.4K
Cap Rate 7%
$349,600
$349.6K
Cap Rate 9%
$271,911
$271.9K
Market Conditions
NOI Build-Up for 4,000 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
$39.8K $9.96/SF
− Vacancy
−$2.2K −$0.55/SF
EGI
$37.6K $9.41/SF
− OpEx
−$13.2K −$3.29/SF
NOI
$24.5K $6.12/SF
Area
Garland County, AR
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$489,440
Cap Rate 7%
$349,600
Cap Rate 9%
$271,911
Alternative Uses
Best Use
Office B
$548.6K
$480.1K – $640.1K
NOI $38,405 @ 7.0% cap · market cap 9.63%
Second Best
Flex RnD
$349.6K
$305.9K – $407.9K
NOI $24,472 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$731.5K
$640.1K – $853.4K
NOI $51,206 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71968, AR
4,564
Population
2,159
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
94%
High-School Grad
98.4 sq mi
ZIP Area
46
Density / Sq Mi
$75,651
Median Household Income
$36,020
Median Earnings
$1,049
Median Rent
$174,700
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 - Metal construction supports combined business and residential use with commercial and residential zoning.
Where is this flex space located?
The property is located at 5743 Albert Pike Road Royal, AR.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 4,000 SF metal building constructed by Butler Manufacturing Company; Approximately 640 SF of living quarters with a full bath; Approximately 93 feet of highway frontage on Albert Pike Road
