Flex Facility with Paint
661 S 40th St, Springdale, AR 72762
For Sale
$1,575,000
Pending
A dedicated office building sits apart from the automotive-configured shop, with yard area for equipment and vehicle storage.
Property Size12,593 SF
Days on Market10
Property Features for 661 S 40th St
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
CRD Real Estate & Development
(479) 445-4501
Listed By:
Hannah Cicioni · License #EB00078593
(479) 270-4982
Source:
Exprealty
Added: Oct 28
Changed: Nov 5
Last Checked: Nov 6 at 2:44PM
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 CRD Real Estate & Development
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Investment Insights
Based on property information with market context.
This 12,593-square-foot flex property on 1.79 acres comprises a two-story standalone office and a separate shop building. The 2,216-square-foot office provides distinct administrative space, while the 10,377-square-foot shop is configured for automotive operations. Shop features include eight garage doors, two sprinklered paint booths, full HVAC, and 3-phase power. Yard space accommodates lay-down and storage uses.
The property is in Springdale’s industrial and manufacturing district, near Highway 49. Its physical setup combines separate office and shop buildings with outdoor operating area, alongside the shop’s automotive equipment and power infrastructure.
The property is in Springdale’s industrial and manufacturing district, near Highway 49. Its physical setup combines separate office and shop buildings with outdoor operating area, alongside the shop’s automotive equipment and power infrastructure.
Key Highlights
- 12,593 SF across two buildings on 1.79 acres
- 10,377 SF flex shop with eight garage doors
- Two sprinklered paint booths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,624
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,480
$1.5M
Cap Rate 7%
$1,051,771
$1.1M
Cap Rate 9%
$818,044
$818.0K
Market Conditions
NOI Build-Up for 12,593 SF
Gross rent
$113.3K $9.00/SF
− Vacancy
−$8.2K −$0.65/SF
EGI
$105.2K $8.35/SF
− OpEx
−$31.6K −$2.51/SF
NOI
$73.6K $5.85/SF
Area
Washington County, AR
Vacancy
7.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,480
Cap Rate 7%
$1,051,771
Cap Rate 9%
$818,044
Alternative Uses
Best Use
Retail
$2.12M
$1.85M – $2.47M
NOI $148,199 @ 7.0% cap · market cap 9.41%
Second Best
Industrial
$1.05M
$920.3K – $1.23M
NOI $73,624 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,611 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 72762, AR
42,175
Population
17,270
Households
2.4
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
58.1 sq mi
ZIP Area
726
Density / Sq Mi
$80,678
Median Household Income
$42,066
Median Earnings
$1,118
Median Rent
$278,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Springdale, AR
Properties on Market for Flex space in Springdale
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- MarketPlace Catering — 1636 S 48th St, Springdale, AR 72762
Frequently Asked Questions
What type of property is this?
Flex space - A dedicated office building sits apart from the automotive-configured shop, with yard area for equipment and vehicle storage.
Where is this flex space located?
The property is located at 661 S 40th St Springdale, AR.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 12,593 SF across two buildings on 1.79 acres; 10,377 SF flex shop with eight garage doors; Two sprinklered paint booths
