Warehouse With Open Floor
For Sale
$769,999
Pending
921 E Douglas Street, Prairie Grove, AR 72753
COMMERCIAL - Prairie Grove, AR
Property Size7,500 SF
Lot Size0.94 Acres
Days on Market111
Property Features for 921 E Douglas Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Industrial Park
Directions
Start on US 62 / E Heritage Parkway. Turn onto Sundowner Rd. Turn onto Stills Rd. Property sits in between Stills Rd. and Sundowner Rd.
Standard status
Pending
APN
805-20343-000
Size
7,500 SF
Lot size
0.94 Acres
Taxes and HOA fees
Tax Description
PT NW NW 0.94 AC FURTHER DESCRIBED IN WD 2000-32193 AS: A PART OF THE NORTHWEST QUARTER (NW 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION SEVENTEEN (17), TOWNSHIP FIFTEEN (15) NORTH, RANGE THIRTY-ONE (31) WEST, BEING MORE PARTICULARLY DESCRIBED A S FO
Tax Annual Amount
5775
Legal Description
PT NW NW 0.94 AC FURTHER DESCRIBED IN WD 2000-32193 AS: A PART OF THE NORTHWEST QUARTER (NW 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION SEVENTEEN (17), TOWNSHIP FIFTEEN (15) NORTH, RANGE THIRTY-ONE (31) WEST, BEING MORE PARTICULARLY DESCRIBED A S FO
Building Details
Year built
2000
Listing Agency:
Uptown Real Estate
(479) 358-7999
Listed By:
Joseph Schmits · License #EB00092576
(573) 795-2348
Added: May 2
Changed: Aug 19
Last Checked: Aug 20 at 4:06AM
MLS# 1345053
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.
Built in 2000, this 7,500-square-foot warehouse occupies 0.94 acres at 921 E Douglas Street in Prairie Grove, Arkansas. The building features an open interior arrangement, high ceilings, and durable flooring, providing a functional setting for manufacturing, storage, distribution, and other commercial activities.
The property is positioned just off Business 62 and is identified with Prairie Grove ZIP Code 72753. Its open layout provides adaptable space for a range of operational configurations without relying on a heavily divided floor plan.
The property is positioned just off Business 62 and is identified with Prairie Grove ZIP Code 72753. Its open layout provides adaptable space for a range of operational configurations without relying on a heavily divided floor plan.
Key Highlights
- 7,500‑square‑foot warehouse on 0.94 acres
- Built in 2000
- Open floor plan with high ceilings
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
$45,924
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
5.96%
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%
$918,480
$918.5K
Cap Rate 7%
$656,057
$656.1K
Cap Rate 9%
$510,267
$510.3K
Market Conditions
NOI Build-Up for 7,500 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
$60.3K $8.04/SF
− Vacancy
−$6.3K −$0.84/SF
EGI
$54.0K $7.20/SF
− OpEx
−$8.1K −$1.08/SF
NOI
$45.9K $6.12/SF
Area
Washington County, AR
Vacancy
10.40%
Lease Rate
$8.04 /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%
$918,480
Cap Rate 7%
$656,057
Cap Rate 9%
$510,267
Alternative Uses
Best Use
Warehouse
$656.1K
$574.1K – $765.4K
NOI $45,924 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$626.4K
$548.1K – $730.8K
NOI $43,848 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,918 @ 7.0% cap · market cap 18.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72753, AR
10,525
Population
4,078
Households
2.6
Avg Household Size
37
Median Age
20%
College-Educated
92%
High-School Grad
89.2 sq mi
ZIP Area
118
Density / Sq Mi
$64,701
Median Household Income
$40,264
Median Earnings
$911
Median Rent
$227,900
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
- Prairie Grove Self Storage — 930 E Parks St, Prairie Grove, AR 72753
- Bo Speed — US-62, Prairie Grove, AR 72753
Frequently Asked Questions
What type of property is this?
Warehouse - Open interior configuration supports manufacturing, storage, and distribution uses.
Where is this warehouse located?
The property is located at 921 E Douglas Street Prairie Grove, AR.
What is the asking price?
The asking price for this property is $769,999.
What are key features of this property?
This property features: 7,500‑square‑foot warehouse on 0.94 acres; Built in 2000; Open floor plan with high ceilings
