Building Details

Building Size 2,400 SF

Year Built 2020

Stories 1

Listing Agency: Svn Arkbest Realty, Inc. t***@arkbestrealty.com Show Phone

Listed By: Nathan Hutchins · License ##PB00063530 Show Phone

Source: Esqbrokers

Added: Sep 14 Changed: Oct 23 Last Checked: Oct 23 at 4:03PM

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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 Svn Arkbest Realty, Inc.

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Investment Insights

Based on property information with market context.

Built in 2020, this 2,400-square-foot warehouse unit in Conway, Arkansas, has heated and cooled shop space with sealed concrete flooring and 16-foot ceiling clearance. Two 12' x 14' shop doors provide access, and a 15' x 60' covered lean-to adds sheltered space for storage or staging.

The unit is equipped with 220V outlets and a security system with video cameras. An on-site forklift is available for tenant use for an additional fee.

Key Highlights

• 2,400‑square‑foot warehouse unit built in 2020
• Heated and cooled shop space with sealed concrete floors and 16‑foot ceiling clearance
• Two 12' x 14' shop doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,550

Suggested Prices Based on Cap Rates

Cap Rate 5%

$211,000 $211.0K

Cap Rate 7%

$150,714 $150.7K

Cap Rate 9%

$117,222 $117.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$15.8K $6.60/SF

− Vacancy

−$768 −$0.32/SF

EGI

$15.1K $6.28/SF

− OpEx

−$4.5K −$1.88/SF

NOI

$10.6K $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%

$211,000

Cap Rate 7%

$150,714

Cap Rate 9%

$117,222

Alternative Uses

Best Use

Flex RnD

$208.2K

$182.2K – $242.9K (±1% cap)

NOI $14,574 @ 7.0% cap · market cap 728.70%

Second Best

Warehouse

$156.7K

$137.1K – $182.8K (±1% cap)

NOI $10,967 @ 7.0% cap · market cap 548.35%

Theoretical Best

Office A

$547.4K

$479.0K – $638.7K (±1% cap)

NOI $38,319 @ 7.0% cap · market cap 1,915.95%

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

Property Analytics

Current Use

Rooster's Auto Sales ... Car Dealership DuvallTransportation Freight Service

Suggested Use

Top Pick Building Supply Parking Lot & Garage Restaurant Big Box & Wholesale Store Furniture & Home Goods Nail Salon

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

21

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72032, AR

34,316

Population

14,255

Households

2.4

Avg Household Size

35

Median Age

27%

College-Educated

94%

High-School Grad

114.5 sq mi

ZIP Area

300

Density / Sq Mi

$61,452

Median Household Income

$36,877

Median Earnings

$976

Median Rent

$183,200

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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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - The unit includes two shop doors and a covered lean-to for additional storage or work space.

Where is this warehouse located?

The property is located at 66 Rooster Road #Unit A Conway, AR.

What are key features of this property?

This property features: 2,400‑square‑foot warehouse unit built in 2020; Heated and cooled shop space with sealed concrete floors and 16‑foot ceiling clearance; Two 12' x 14' shop doors