212 Presidential Dr Lowell, AR 72745
- Office buildings
- 10,100 SF
- 0.86 lot acres
Current Use by Public Records
- avad3 Event Production / Event Technology Service / Audio Visual Consultant
Property Details for 212 Presidential Dr
- Lot size
- 0.86 lot acres
- Property size
- 10,100 SF
- Property type
- Office buildings
- APN
- 12-01298-000
- APU
- 1201298000
Description
This 10,716-square-foot single-tenant warehouse is available for lease at 212 Presidential Drive, Lowell, Arkansas, zip code 72745. The property offers convenient access to Interstate 49, providing seamless connectivity to regional transportation networks. Its strategic location also benefits from the proximity to the burgeoning growth along Highway 71B, which includes significant retail and housing developments. This prime location ensures high visibility and easy access to major service corridors. The building's advantageous position is further enhanced by its close proximity to the J.B. Hunt Transport corporate campus. The warehouse itself boasts a functional layout, including two roll-up doors and two dock doors for efficient loading and unloading. In addition to ample warehouse space, the property includes dedicated office space, providing a comfortable and productive environment for administrative tasks. The office area features several well-appointed conference rooms and additional offices, along with a second-floor landing. This combination of warehouse and office space makes it ideal for a variety of businesses seeking a functional and strategically located facility. The entire 10,716 square feet is currently vacant and ready for immediate occupancy.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,630,000
- ML approach
- $2,635,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,785,000
- 6.5%
- $2,570,000
- 7%
- $2,390,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,150,000
Market price range: $928k - $2.39M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,610,000 Current use
- RESTAURANT
- $3,555,000 Change: +121% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $3,375,000 Change: +110% Conversion: Easy
- MEDICAL BUILDING
- $2,760,000 Change: +72% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,065,000 Change: +28% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,025,000 Change: +26% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,810,000 Change: +13% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Benton
- State
- Arkansas
- Longitude
- -94.1338
- Latitude
- 36.2529
- CBSA code
- 22220
- CBSA name
- FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA
