Conventional Restaurant with
For Sale
$175,000
1825 N Highway 229, Haskell, AR 72015
Commercial / Industrial, Haskell, AR
Property Size500 SF
Lot Size0.48 Acres
Price / SF$350
Days on Market124
Property Features for 1825 N Highway 229
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business
Exterior features
Storage Building
Subdivision
Metes & Bounds
Lot features
Sloped
Directions
I-30 to Haskell Exit. Turn left onto Hwy 229. Property is on the right.
Standard status
Active
APN
860-03784-001/860-0378-003
Size
500 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
31-02S-15W
Tax Annual Amount
800
Legal Description
31-02S-15W
Amenities
storage units
public bath
pavilion
Building Details
Additional Structures
Storage
Listing Agency:
CBRPM Bryant · Coldwell Banker Real Estate
(501) 316-0955
Listed By:
James Harrison
(501) 804-5832
Added: May 19
Changed: Sep 3
Last Checked: Sep 19 at 11:06PM
MLS# 26020192
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 0.48-acre conventional restaurant property is arranged as a food-truck court with a pavilion for events. The site includes 500 square feet of property improvements, six storage units, and a public bath for customers. A storage building is also included among the exterior features.
Located at 1825 N Highway 229 in Haskell, Arkansas, the property has all public utilities in place. Its existing combination of food-service activity, storage areas, customer facilities, and covered event space provides a defined commercial setup.
Located at 1825 N Highway 229 in Haskell, Arkansas, the property has all public utilities in place. Its existing combination of food-service activity, storage areas, customer facilities, and covered event space provides a defined commercial setup.
Key Highlights
- 0.48‑acre commercial property in Haskell, AR
- Food‑truck court with pavilion for events
- Six storage units included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,071
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$101,420
$101.4K
Cap Rate 7%
$72,443
$72.4K
Cap Rate 9%
$56,344
$56.3K
Market Conditions
NOI Build-Up for 500 SF
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.
Gross rent
$7.2K $14.40/SF
− Vacancy
−$439 −$0.88/SF
EGI
$6.8K $13.52/SF
− OpEx
−$1.7K −$3.38/SF
NOI
$5.1K $10.14/SF
Area
Saline County, AR
Vacancy
6.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$101,420
Cap Rate 7%
$72,443
Cap Rate 9%
$56,344
Alternative Uses
Best Use
Specialty Retail
$72.4K
$63.4K – $84.5K
NOI $5,071 @ 7.0% cap · market cap 2.90%
Second Best
Self Storage
$47.4K
$41.5K – $55.3K
NOI $3,320 @ 7.0% cap · market cap 1.90%
Theoretical Best
Office A
$109.1K
$95.5K – $127.3K
NOI $7,638 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72015, AR
28,597
Population
12,148
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
92%
High-School Grad
85.0 sq mi
ZIP Area
336
Density / Sq Mi
$64,550
Median Household Income
$44,219
Median Earnings
$1,013
Median Rent
$169,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Food-truck court with storage units, public utilities, customer restroom facilities, and event space.
Where is this conventional restaurant located?
The property is located at 1825 N Highway 229 Haskell, AR.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 0.48‑acre commercial property in Haskell, AR; Food‑truck court with pavilion for events; Six storage units included
