Flex Shop with Separate
New
For Sale
$1,575,000
661 S 40th Street, Springdale, AR 72762
CommercialSale, Springdale, AR
Property Size12,593 SF
Lot Size1.79 Acres
Price / SF$125.07
Days on Market2
Property Features for 661 S 40th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Storage
Lot features
City Lot
Directions
From HW49 E on Sunset. Left on 40th ST. Property on Right
Standard status
Active
APN
815-29028-211
Size
12,593 SF
Lot size
1.79 Acres
Additional Details
Real Estate Included
Yes
Automotive Uses
auto repair, collision/body shop
Property Use
Flex
Taxes and HOA fees
Tax Description
PT SW NW NW .38 A. A PART OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER OF THE NORTHWEST QUARTER OF SECTION 3, TOWNSHIP 17 NORTH, RANGE 30 WEST, MORE PARTICULARLY DESCRIBED AS FOLLOWS,TO-WIT: BEGINNING AT A POINT 399.99 FEET NORTH OF THE SOUTHWES T CO
Tax Annual Amount
5893
Legal Description
PT SW NW NW .38 A. A PART OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER OF THE NORTHWEST QUARTER OF SECTION 3, TOWNSHIP 17 NORTH, RANGE 30 WEST, MORE PARTICULARLY DESCRIBED AS FOLLOWS,TO-WIT: BEGINNING AT A POINT 399.99 FEET NORTH OF THE SOUTHWES T CO
Amenities
garage doors
paint booths
HVAC
three-phase power
Building Details
Year built
1989
Additional Structures
Storage
Buildings
2
Listing Agency:
CRD Real Estate & Development
(479) 445-4501
Listed By:
Hannah Cicioni · License #EB00078593
(479) 270-4982
Added: Oct 28
Last Checked: Oct 29 at 3:06AM
MLS# 1366481
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 12,593-square-foot property comprises two buildings on 1.79 acres: a 10,377-square-foot flex shop and a standalone, two-story office measuring 2,216 square feet. The shop is configured for automotive use and includes eight garage doors, two sprinklered paint booths, full HVAC, and 3-phase power. Yard area provides space for equipment, materials, or vehicles.
Located in Springdale, the property is near Highway 49, with access across Northwest Arkansas. The separate office allows administrative functions to be housed apart from shop operations.
Located in Springdale, the property is near Highway 49, with access across Northwest Arkansas. The separate office allows administrative functions to be housed apart from shop operations.
Key Highlights
- 12,593 square feet across two buildings on 1.79 acres
- 10,377‑square‑foot flex shop with eight garage doors
- Two sprinklered paint booths, full HVAC, and 3‑phase power
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
Office B
$2.72M
$2.38M – $3.17M
NOI $190,134 @ 7.0% cap · market cap 12.07%
Second Best
Retail
$2.12M
$1.85M – $2.47M
NOI $148,199 @ 7.0% cap · market cap 9.41%
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
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
8
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Vacancy Rate% for Office 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 separate two-story office and equipment yard complement the shop's automotive setup and utility features.
Where is this flex space located?
The property is located at 661 S 40th Street 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 square feet across two buildings on 1.79 acres; 10,377‑square‑foot flex shop with eight garage doors; Two sprinklered paint booths, full HVAC, and 3‑phase power
