Property profile

693 Ash Flt Dr Ash Flat, AR 72513

OFF-MARKET
Commercial real estate
Property ID
US05-1352491
4,580 SF 0.93 ac lot Built 2019
Individually Owned 5-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Storage Facility

Location

693 Ash Flt Dr Ash Flat, AR 72513-9422
Ash Flat metro Census 470300 BATESVILLE, AR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$135k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2021
Last sale
$165,000
3 recorded transactions
2021
$165,000
2019
Price N/A
2009
$130,000

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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