2709 Eastline Rd Searcy, AR 72143
- Warehouses
- 10,200 SF
- 1.34 lot acres
Current Use by Public Records
- Ferricher Lawn Care / Lawn Care Service
- Doug James Plumbing / Plumber
Property Details for 2709 Eastline Rd
- Year built
- 1995
- Lot size
- 1.34 lot acres
- Property size
- 10,200 SF
- Property type
- Warehouses
- APN
- 016-11558-004
- APU
- 1611558004
Description
This exceptional investment opportunity presents a 18,750 square foot multi-tenant industrial property located at 2709 Eastline Rd, Searcy, AR 72143. The property, situated on approximately 1.34 acres with 67/167 frontage, comprises two single-story metal buildings constructed in 1995. Currently boasting 100% occupancy with eight tenants, including lawn care businesses, contractors, mechanics, and personal shops, the property generates a current NOI of $67,830, representing a 7.45% cap rate. The property's strong occupancy history and potential for rent increases suggest a significant value-add opportunity, with a pro-forma NOI projected at $94,830 and a pro-forma cap rate of 10.42%. The asking price is $910,000, translating to $48.53 per square foot. The property is zoned U-T and features a mix of flex, manufacturing, and warehouse space, making it ideal for owner-users or investors seeking strong cash flow and appreciation potential in a thriving market. The property is classified as Class C and is currently operating as a multi-tenant investment with no tenant credit rating. This is a rare opportunity to acquire a well-established, income-producing industrial property in a rapidly growing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $510,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $600,000
- 6.5%
- $560,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $525,000
- Geo Method
- $630,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $715,000
- Retail
- $535,000
- Mixed-Use
- $565,000
- Hospitality
- $550,000
- Educational
- $740,000
- Residential Income
- $555,000
- Energy
- $685,000
- Income-Based Land
- $705,000
- Food Service
- $580,000
Location Insight
- Map
- Local Demand
- City
- Searcy
- County
- White
- State
- Arkansas
- Longitude
- -91.7213
- Latitude
- 35.2147
- CBSA code
- 42620
- CBSA name
- SEARCY, AR MICROPOLITAN STATISTICAL AREA