Flex Warehouse with Three
For Sale
$429,000
801 Sandlewood Drive, Jacksonville, AR 72076
COMMERCIAL - Jacksonville, AR
Property Size8,400 SF
Lot Size0.58 Acres
Price / SF$51.07
Days on Market55
Property Features for 801 Sandlewood Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business
Exterior features
Overhead Doors
Lot features
Level, Cleared, City Lot
Directions
From Little Rock, take I-57N to LRAFB Exit 11, proceed east on 1st St for two miles. Property on left just before the RR bridge.
Subdivision
JACKSONVILLE
Standard status
Active
Size
8,400 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
In Office
Tax Annual Amount
3249
Legal Description
In Office
Building Details
Year built
1988
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Architectural style
Other
Listing Agency:
Arnett Realty & Investments
(501) 843-1515
Listed By:
Cole Arnett
(501) 259-5508
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 11 at 10:06PM
MLS# 26024630
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.
This versatile flex warehouse totals 8,400 SF and is built with a metal structure offering a 40' free span, 14' sidewall height, and 20' clear height. The building includes electrical service for both single-phase and three-phase needs. It is configured into three separate suites, supporting different operational layouts under one roof.
Suite 1 provides 3,600 SF of open warehouse space plus a restroom, storage, and a 10' x 12' roll-up door. Suite 2 offers 2,600 SF that includes office space, a restroom, and a mechanical room, and is fully heated and cooled with a 10' lay-in ceiling. Suite 3 includes 2,200 SF of open warehouse space with three-phase electrical and full heating and cooling.
Located at 801 Sandlewood Drive in Jacksonville, the property is described as providing strong visibility and convenient access. The listing notes high traffic counts of 11,000 VPD and over 8,000 population within a one-mile radius. Zoned C-4, the property is served by city utilities, which can support a range of commercial uses for tenants or owner-operators looking for flexible space.
Suite 1 provides 3,600 SF of open warehouse space plus a restroom, storage, and a 10' x 12' roll-up door. Suite 2 offers 2,600 SF that includes office space, a restroom, and a mechanical room, and is fully heated and cooled with a 10' lay-in ceiling. Suite 3 includes 2,200 SF of open warehouse space with three-phase electrical and full heating and cooling.
Located at 801 Sandlewood Drive in Jacksonville, the property is described as providing strong visibility and convenient access. The listing notes high traffic counts of 11,000 VPD and over 8,000 population within a one-mile radius. Zoned C-4, the property is served by city utilities, which can support a range of commercial uses for tenants or owner-operators looking for flexible space.
Key Highlights
- Highly versatile 8,400 SF flex building built in 1988 with metal roof and concrete flooring
- 40' free‑span metal structure with overhead doors; single- and 3‑phase electrical available
- 3‑suites layout: Suite 1 (3,600 SF) open warehouse, restroom, storage, and 10' x 12' roll‑up door
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
$36,926
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
8.61%
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%
$738,520
$738.5K
Cap Rate 7%
$527,514
$527.5K
Cap Rate 9%
$410,289
$410.3K
Market Conditions
NOI Build-Up for 8,400 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
$55.4K $6.60/SF
− Vacancy
−$2.7K −$0.32/SF
EGI
$52.8K $6.28/SF
− OpEx
−$15.8K −$1.88/SF
NOI
$36.9K $4.40/SF
Area
Pulaski 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 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%
$738,520
Cap Rate 7%
$527,514
Cap Rate 9%
$410,289
Alternative Uses
Best Use
Office B
$1.00M
$878.1K – $1.17M
NOI $70,251 @ 7.0% cap · market cap 16.38%
Second Best
Flex RnD
$728.7K
$637.6K – $850.2K
NOI $51,010 @ 7.0% cap · market cap 11.89%
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $112,162 @ 7.0% cap · market cap 26.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72076, AR
38,443
Population
17,780
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
529
Density / Sq Mi
$53,048
Median Household Income
$36,189
Median Earnings
$917
Median Rent
$155,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile 8,400 SF flex building with three suites, heated/cooled offices, and multiple roll-up and power options.
Where is this flex space located?
The property is located at 801 Sandlewood Drive Jacksonville, AR.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Highly versatile 8,400 SF flex building built in 1988 with metal roof and concrete flooring; 40' free‑span metal structure with overhead doors; single- and 3‑phase electrical available; 3‑suites layout: Suite 1 (3,600 SF) open warehouse, restroom, storage, and 10' x 12' roll‑up door
