Flex Space with
For Sale
$899,900
801 Turner Street, Springdale, AR 72764
CommercialSale, Springdale, AR
Property Size4,406 SF
Lot Size0.23 Acres
Price / SF$204.24
Days on Market93
Property Features for 801 Turner Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Lot features
Central Business District, Corner Lot, City Lot
Directions
From I49 take Hwy 412 East (W. Sunset Ave.) go for approximately 2.5 miles. Make a Left on Turner Street. Go 0.2 miles, property will be on the Right.
Standard status
Active
APN
815-22434-000
Size
4,406 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
PT LOT 12 ALL LOTS 13-14 -15
Tax Annual Amount
2938
Legal Description
PT LOT 12 ALL LOTS 13-14 -15
Building Details
Floors in Building
2
Number of units
3
Listing Agency:
Weichert REALTORS - The Griffin Company Springdale
(479) 756-1003
Listed By:
Joel Hernandez · License #SA00086000
(479) 231-8083
Added: May 23
Changed: Aug 19
Last Checked: Aug 23 at 12:06AM
MLS# 1348571
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.
Investment Insights
Based on property information with market context.
This flex space includes dedicated office area and a separate shop/warehouse component, with the ability to be configured as one larger commercial hub or segmented into two to three independent units. Major capital improvements completed in 2022 include a new roof and gutters, along with two replaced HVAC systems.
The property is located near downtown Springdale and sits within the City of Springdale’s C1 Neighborhood Commercial zoning, which is intended to support a broad spectrum of move-in-ready uses.
With a flexible layout that supports both multi-unit occupancy and owner-occupier scenarios, the building presents a low-maintenance configuration backed by recent exterior and mechanical upgrades.
The property is located near downtown Springdale and sits within the City of Springdale’s C1 Neighborhood Commercial zoning, which is intended to support a broad spectrum of move-in-ready uses.
With a flexible layout that supports both multi-unit occupancy and owner-occupier scenarios, the building presents a low-maintenance configuration backed by recent exterior and mechanical upgrades.
Key Highlights
- Flexible configuration: Use as one large commercial space or divide into 2‑3 independent units.
- Prime location: Minutes from downtown Springdale.
- Favorable zoning: C1 Neighborhood Commercial zoning supports a wide range of uses.
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
$25,759
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
2.86%
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%
$515,180
$515.2K
Cap Rate 7%
$367,986
$368.0K
Cap Rate 9%
$286,211
$286.2K
Market Conditions
NOI Build-Up for 4,406 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
$39.7K $9.00/SF
− Vacancy
−$2.9K −$0.65/SF
EGI
$36.8K $8.35/SF
− OpEx
−$11.0K −$2.51/SF
NOI
$25.8K $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 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%
$515,180
Cap Rate 7%
$367,986
Cap Rate 9%
$286,211
Alternative Uses
Best Use
Industrial
$368.0K
$322.0K – $429.3K
NOI $25,759 @ 7.0% cap · market cap 2.86%
Second Best
Flex RnD
$329.9K
$288.7K – $384.9K
NOI $23,094 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,785 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Flex property offers dedicated office plus separate shop/warehouse, configurable into multiple units, with 2022 roof and HVAC upgrades.
Where is this flex space located?
The property is located at 801 Turner Street Springdale, AR.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Flexible configuration: Use as one large commercial space or divide into 2‑3 independent units.; Prime location: Minutes from downtown Springdale.; Favorable zoning: C1 Neighborhood Commercial zoning supports a wide range of uses.
