Building Details

Year Built 2006

Listing Agency: Advantage Property Management

Listed By: Belinda Burrier Show Phone

Source: Pcsingtolittlerock

Added: Aug 2 Changed: Oct 13 Last Checked: Oct 15 at 4:44AM

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Investment Insights

Based on property information with market context.

This 2006 flex-space property combines accessible service functionality with office and storage areas. Three front-facing bay doors support deliveries, shipments, and other activities requiring direct building access. The upper level provides storage that can also serve as office space, while multiple additional offices support administrative or operational needs. Two bathrooms are included within the building.

The property is located at 6 Grandruth Lane in Damascus, Arkansas. Zoning is identified as Other (See Remarks). Its combination of bay access, office areas, upper-level storage, and restroom facilities creates a practical layout for a range of commercial operations.

Key Highlights

• Three front‑facing bay doors for delivery and shipment access
• Upper‑level storage that can be used as office space
• Multiple offices and two bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,980

Suggested Prices Based on Cap Rates

Cap Rate 5%

$439,600 $439.6K

Cap Rate 7%

$314,000 $314.0K

Cap Rate 9%

$244,222 $244.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$33.0K $6.60/SF

− Vacancy

−$1.6K −$0.32/SF

EGI

$31.4K $6.28/SF

− OpEx

−$9.4K −$1.88/SF

NOI

$22.0K $4.40/SF

Area

Faulkner County, AR

Vacancy

4.85%

Lease Rate

$6.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$439,600

Cap Rate 7%

$314,000

Cap Rate 9%

$244,222

Alternative Uses

Best Use

Flex RnD

$433.8K

$379.5K – $506.1K (±1% cap)

NOI $30,363 @ 7.0% cap · market cap 1,380.14%

Second Best

Warehouse

$326.4K

$285.6K – $380.8K (±1% cap)

NOI $22,848 @ 7.0% cap · market cap 1,038.55%

Theoretical Best

Office A

$1.14M

$997.9K – $1.33M (±1% cap)

NOI $79,831 @ 7.0% cap · market cap 3,628.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Electrical Service Catering Service Pharmacy Veterinary Clinic Auto Parts Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72039, AR

2,254

Population

944

Households

2.4

Avg Household Size

40

Median Age

16%

College-Educated

89%

High-School Grad

61.1 sq mi

ZIP Area

37

Density / Sq Mi

$59,018

Median Household Income

$37,792

Median Earnings

$974

Median Rent

$147,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial building with upper-level storage, office areas, multiple offices, and two bathrooms for business operations.

Where is this flex space located?

The property is located at 6 Grandruth Ln Damascus, AR.

What are key features of this property?

This property features: Three front‑facing bay doors for delivery and shipment access; Upper‑level storage that can be used as office space; Multiple offices and two bathrooms