209 Wade AveMountain Home, AR 72653

Property Details for 209 Wade Ave

Year built

1970

Lot size

1.91 AC

Property size (Sq ft)

5,104 SF

Property type

Warehouses

APN

007-14945-000

APU

714945000

Description

This exceptional value-add industrial property, located at 209 E Wade Ave, Mountain Home, AR 72653, presents a compelling investment opportunity. The 5,104 square foot building, situated on a 1.81-acre lot zoned I-1, boasts a strong 8.01% cap rate at the asking price of $380,000 ($74.45/sq ft). A new 3-year lease commenced January 1st, 2024, and includes a 3% annual rent increase, generating a current NOI of $30,426. The property features 11 dock-high doors (10' x 10'), one drive-in door with a concrete ramp, and 12 loading docks. The building offers approximately 1,040 square feet of finished office space and over 4,064 square feet of warehouse space, with 21' column spacing and 10.5' ceiling height. The property is fully fenced with two gates and benefits from a clean state letter confirming the removal of underground storage tanks (USTs). The building is classified as Class C and functions as a distribution, flex, and refrigerated/cold storage facility. The lease term expires December 31st, 2026, offering a remaining lease term of approximately 2.1 years. This property is ideal for investors seeking a strong return on investment in a well-located industrial asset. The property's former use as a cross-dock facility adds to its versatility.

• CAP approach

  CAP return

  Valuation

  6%

  $2,693,970

  6.5%

  $2,486,740

  7%

  $2,309,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $636,653

  Geo Method

  $636,653

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,275,260

  Mixed-Use / Specialty

  $1,270,770

  Hospitality / Lodging

  $932,392

  Office

  $1,263,270

  Institutional / Educational

  $1,321,100

  Residential Income

  $1,545,690

  Multifamily

  $1,853,510

  Automotive / Energy

  $1,132,370

  Parking / Income-Based Land

  $390,714

  Restaurant / Food Service

  $661,052

  Healthcare / Senior Housing

  $1,303,090

Location Insight

City

Mountain Home

County

Baxter

State

Arkansas

Latitude

36.3249

Longitude

-92.3832

CBSA code

34260

CBSA name

MOUNTAIN HOME, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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