Red Iron Warehouse on
New
For Sale
$320,000
710 Main, Vilonia, AR 72173
Commercial / Industrial, Vilonia, AR
Property Size2,400 SF
Lot Size5.00 Acres
Price / SF$133.33
Days on Market4
Property Features for 710 Main
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Directions
From Conway Take Hwy 64 past 8 Mile Store. Turn left at next stoplight Land is on the across from copart
Subdivision
VILONIA SCHOOL DISTRICT
Standard status
Active
Size
2,400 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Description
001-03412-002
Tax Annual Amount
2123
Legal Description
001-03412-002
Building Details
Year built
2000
Floors in Building
1
Listing Agency:
Blue Collar Real Estate
(866) 321-7653
Listed By:
Drew Lawson
(501) 766-1806
Added: Aug 17
Changed: Aug 19
Last Checked: Aug 20 at 4:06PM
MLS# 26033582
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes a 2,400-square-foot red iron shop measuring 40 by 60 feet, with 14-foot walls. Built in 2000, the warehouse is situated on 5 acres and is accompanied by an old mobile home.
Located at 710 Main in Vilonia, Arkansas, the property is within Faulkner County and carries a 72173 ZIP Code. The combination of a sizable land component and existing shop structure provides a straightforward commercial warehouse configuration.
Located at 710 Main in Vilonia, Arkansas, the property is within Faulkner County and carries a 72173 ZIP Code. The combination of a sizable land component and existing shop structure provides a straightforward commercial warehouse configuration.
Key Highlights
- 2,400‑square‑foot red iron shop
- 40x60 building footprint
- 14 ft walls
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
$10,967
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
3.43%
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%
$219,340
$219.3K
Cap Rate 7%
$156,671
$156.7K
Cap Rate 9%
$121,856
$121.9K
Market Conditions
NOI Build-Up for 2,400 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
$14.4K $6.00/SF
− Vacancy
−$1.5K −$0.62/SF
EGI
$12.9K $5.38/SF
− OpEx
−$1.9K −$0.81/SF
NOI
$11.0K $4.57/SF
Area
Faulkner County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$219,340
Cap Rate 7%
$156,671
Cap Rate 9%
$121,856
Alternative Uses
Best Use
Warehouse
$156.7K
$137.1K – $182.8K
NOI $10,967 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$547.4K
$479.0K – $638.7K
NOI $38,319 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72173, AR
9,888
Population
4,090
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
94%
High-School Grad
94.9 sq mi
ZIP Area
104
Density / Sq Mi
$75,819
Median Household Income
$47,044
Median Earnings
$769
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Simon Mini Storage — 744 Main St, Conway, AR 72032
- Liberty Mini Storage — 708 Main St, Conway, AR 72032
Frequently Asked Questions
What type of property is this?
Warehouse - Red iron shop with 14-foot walls occupies a substantial acreage tract and includes an older mobile home.
Where is this warehouse located?
The property is located at 710 Main Vilonia, AR.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 2,400‑square‑foot red iron shop; 40x60 building footprint; 14 ft walls
