Commercial Land with Shop
1315 E 16th Street Russellville, AR 72802
1315 E 16th Street, Russellville, AR, 72802
$99,000
Pending
For Sale
$99,000
Pending
LAND - Russellville, AR
Property Size1,200 SF
Lot Size1.00 Acre
Days on Market460
Property Features for 1315 E 16th Street
General Information
- Property type
- Land
- Property subtype
- Other
- Parking
- 10
- Standard status
- Pending
- APN
- 857-10051-000R
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- Part of the W 1/2, SE 1/4, SW 1/4, Sec 10, T-7-N, R-20-W, Russellville, Pope County, AR, containing 1 acre, m/l (210 X 210).
- Tax Annual Amount
- 633
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Listing agency
River Valley Realty, Inc
(479) 968-6260
Listed by
John Bearden · License #EB00047763
(479) 970-8896
Added: Apr 19, 2025 Updated: Jul 10 at 2:34AM Checked: Jul 22 at 8:06PM
MLS# 1305721
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land offering includes an older residence on site that would be better removed, along with a 40-by-30 shop building. The shop may support storage use or provide additional office space, depending on how the site is developed. The property is listed as 1 acre.
The site is located on East 16th Street in Russellville, Arkansas, across from Hickey Park and near Russellville Senior High School. Public remarks note heavy traffic volume.
A related option is available to purchase an adjacent additional acre, which is described as including a 1,891-square-foot office or residence.
The site is located on East 16th Street in Russellville, Arkansas, across from Hickey Park and near Russellville Senior High School. Public remarks note heavy traffic volume.
A related option is available to purchase an adjacent additional acre, which is described as including a 1,891-square-foot office or residence.
Key Highlights
- Great location on East 16th Street with heavy traffic volume, ideal for a commercial business.
- Located across from Hickey Park and near Russellville Senior High School.
- Includes a 40 X 30 shop building suitable for storage or additional office space.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $7.2k | $6.00 |
| − Vacancy | −$749 | −$0.62 |
| EGI | $6.5k | $5.38 |
| − OpEx | −$968 | −$0.81 |
| NOI | $5.5k | $4.57 |
1,200 SF · lease $6.00/SF/yr · vacancy 10.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$78.3K
$68.6K – $91.4K
NOI $5,484 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$191.7K
$167.8K – $223.7K
NOI $13,421 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Commercial land includes an old residence and a 40-by-30 shop suitable for storage or office space.
Where is this commercial land located?
The property is located at 1315 E 16th Street Russellville, AR.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Great location on East 16th Street with heavy traffic volume, ideal for a commercial business.; Located across from Hickey Park and near Russellville Senior High School.; Includes a 40 X 30 shop building suitable for storage or additional office space.
