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    OFF-MARKET
    Commercial real estate

    693 Ash Flt Dr, Ash Flat, AR 72513-9422

    4,580 SF 0.93 ac lot Built 2019
    Individually Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US05-1352491
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-maintained office complex ideally situated across from the Sharp County Courthouse in Ash Flat, Arkansas. The property boasts 38 individual office units, ranging in size from 5' x 10' to 10' x 20', providing a diverse rental portfolio. A significant feature is the inclusion of a spacious two-bay garage (30' x 50') equipped with a car lift, adding further value and potential rental income. The current monthly income, with all units occupied, is $3,600. The property sits on a level 0.93-acre lot, offering potential for future expansion. The location is highly desirable, benefiting from its proximity to the courthouse and other local businesses, ensuring consistent tenant demand and low vacancy rates. Limited vacancies are quickly filled, demonstrating strong market appeal. The unit breakdown includes twenty 10' x 10' units, fourteen 10' x 20' units, and four 5' x 10' units. The garage features a center divider wall. This turnkey operation presents a compelling investment opportunity with strong cash flow and growth potential. The asking price is $255,000. Zip code: 72513.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2019
    Total area 4,580 SF
    Lot 0.93 ac (40,511 SF)
    APN 700-04075-000
    UPID US05-1352491
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • BAMM SELF STORAGE Storage Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Marcus Cherry · 5 yrs held
    Marcus Cherry
    since 2021
    Last sale
    $165,000
    3 recorded transactions
    2021
    $165,000
    2019
    2009
    $130,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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