Industrial Complex in Jacksonville,
For Sale
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Redmond Rd & Paradise Park Rd, Jacksonville, AR 72076
49,875 SF industrial complex on 5.85 acres for sale.
Property Size49,875 SF
Lot Size5.85 Acres
Price / SF$57.84
Days on Market1163
Property Features for Redmond Rd & Paradise Park Rd
General Information
Standard status
Active
Size
49,875 SF
Lot size
5.85 Acres
Property subtype
Industrial
Building Details
Buildings
6
Listing Agency:
Hathaway Group
(501) 663-5400
Listed By:
Stuart Mackey · License #AR EB00046466
Source:
Crexi
Added: Jun 15, 2023
Changed: Aug 8
Last Checked: Aug 20 at 3:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hathaway Group
Investment Insights
Based on property information with market context.
This industrial property is located at Paradise Park Industrial Complex, at Redmond Rd & Paradise Park Rd, Jacksonville, AR 72076. The property spans 49,875 SF across 5.85 acres and comprises three parcels. The buildings include 2000 Redmond Rd offering 23,435 SF, 2200 Redmond Rd with 7,920 SF, and 1 Paradise Park Rd totaling 17,920 SF. The property features a conference room, an executive office with a private restroom, multiple dock-high doors, drive-in doors, and ample parking spaces. Situated in an established Industrial Park on Redmond Rd, with close proximity to Little Rock Air Force Base, this complex is suitable for investors or businesses seeking a strategic industrial location.
Key Highlights
- 49,875 SF industrial property on 5.85 acres.
- Multiple buildings included: 23,435 SF, 7,920 SF, and 17,920 SF.
- Located in established Paradise Park Industrial Complex.
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
$219,247
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
7.60%
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%
$4,384,940
$4.4M
Cap Rate 7%
$3,132,100
$3.1M
Cap Rate 9%
$2,436,078
$2.4M
Market Conditions
NOI Build-Up for 49,875 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
$329.2K $6.60/SF
− Vacancy
−$16.0K −$0.32/SF
EGI
$313.2K $6.28/SF
− OpEx
−$94.0K −$1.88/SF
NOI
$219.2K $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%
$4,384,940
Cap Rate 7%
$3,132,100
Cap Rate 9%
$2,436,078
Alternative Uses
Best Use
Industrial
$3.13M
$2.74M – $3.65M
NOI $219,247 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.51M
$8.32M – $11.10M
NOI $665,960 @ 7.0% cap · market cap 23.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 49,875 SF industrial complex on 5.85 acres for sale.
Where is this industrial property located?
The property is located at Redmond Rd & Paradise Park Rd Jacksonville, AR.
What is the asking price?
The asking price for this property is $2,885,000.
What are key features of this property?
This property features: 49,875 SF industrial property on 5.85 acres.; Multiple buildings included: 23,435 SF, 7,920 SF, and 17,920 SF.; Located in established Paradise Park Industrial Complex.
