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Property profile

164 Sherman Way Kensett, AR 72082

OFF-MARKET
Warehouses
12,000 SF 5 ac lot Built 2007
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Property summary

AI-generated overview

This exceptional 12,000-square-foot industrial property in Kensett, Arkansas, presents a compelling owner-user opportunity. Situated on a five-acre lot, this single-story, 2007-built building boasts a 120ft x 80ft footprint. The structure includes 8,000 square feet of heated space and 4,000 square feet of open-ended space, ideal for various industrial applications. Key features include a five-ton Demag crane, three 16-foot overhead pull-through doors with motors, a small office and breakroom with a half-bath, and an additional 8-foot overhead door leading to a tool room. The property is fully fenced with three strands of barbed wire and includes a substantial shale and gravel yard. Currently leased until August 31st, 2024, this property offers significant potential for immediate occupancy or continued rental income. The property is zoned for industrial use and is priced at $675,000, or $56.25 per square foot. This represents a rare opportunity to acquire a well-equipped industrial space in a convenient location.

Property profile

Verified
Property type Warehouses
Year built 2007
Total area 12,000 SF
Lot 5 ac (217,800 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

164 Sherman Way Kensett, AR 72082
Kensett metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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