Brick Flex Building with Drive-In
For Sale
$845,000
65 W Main Street, Farmington, AR 72730
Brick flex building with four leasable units, central/electric HVAC, and 24 parking spaces on a corner lot.
Property Size3,979 SF
Lot Size0.46 Acres
Price / SF$212.36
Days on Market48
Property Features for 65 W Main Street
General Information
Standard status
Active
Size
3,979 SF
Total Parking Spaces
24
Lot size
0.46 Acres
Property subtype
Commercial/Industrial
Zoning
commercial
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
2
Additional Details
Traffic Count
35,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$2,977
Building Details
Year Built
1999
Construction
brick
Listing Agency:
Limbird Real Estate Group
Listed By:
The Limbird Team
(855) 755-7653
Source:
Exitrealty
Added: Jul 24
Changed: Sep 8
Last Checked: Sep 9 at 7:36AM
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 Limbird Real Estate Group
Investment Insights
Based on property information with market context.
A brick flex building offering four leasable units, including retail bays and shop space, on a 0.46-acre corner lot. The property features 12' ceilings, central/electric HVAC, and two drive-in doors to support flexible operations within its approximately 3,979 SF building footprint.
Located at 65 W Main St in Farmington’s Central Business District, the building provides prominent visibility along a major thoroughfare with 35,000+ vehicles daily and sits between Farmington and Fayetteville. The site includes 24 parking spaces and is zoned commercial.
With a configuration designed to accommodate multiple tenants, the property has been reported to generate annual revenue up to $78,000.
Located at 65 W Main St in Farmington’s Central Business District, the building provides prominent visibility along a major thoroughfare with 35,000+ vehicles daily and sits between Farmington and Fayetteville. The site includes 24 parking spaces and is zoned commercial.
With a configuration designed to accommodate multiple tenants, the property has been reported to generate annual revenue up to $78,000.
Key Highlights
- 3,979 SF brick commercial flex building on a 0.46‑acre corner lot in Farmington’s central business district
- Four leasable units with retail bays and shop space
- Up to $78,000 in annual revenue reported
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
$46,826
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
5.54%
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%
$936,520
$936.5K
Cap Rate 7%
$668,943
$668.9K
Cap Rate 9%
$520,289
$520.3K
Market Conditions
NOI Build-Up for 3,979 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
$71.6K $18.00/SF
− Vacancy
−$4.7K −$1.19/SF
EGI
$66.9K $16.81/SF
− OpEx
−$20.1K −$5.04/SF
NOI
$46.8K $11.77/SF
Area
Washington County, AR
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$936,520
Cap Rate 7%
$668,943
Cap Rate 9%
$520,289
Alternative Uses
Best Use
Retail
$668.9K
$585.3K – $780.4K
NOI $46,826 @ 7.0% cap · market cap 5.54%
Second Best
Warehouse
$348.1K
$304.6K – $406.1K
NOI $24,364 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.07M
$934.5K – $1.25M
NOI $74,762 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
2
Drive-in doors
35,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72730, AR
9,624
Population
4,017
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
463
Density / Sq Mi
$88,780
Median Household Income
$45,652
Median Earnings
$1,225
Median Rent
$244,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Brick flex building with four leasable units, central/electric HVAC, and 24 parking spaces on a corner lot.
Where is this flex space located?
The property is located at 65 W Main Street Farmington, AR.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: 3,979 SF brick commercial flex building on a 0.46‑acre corner lot in Farmington’s central business district; Four leasable units with retail bays and shop space; Up to $78,000 in annual revenue reported
