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    Retail Property on Bill Foster Highway Title is generated by Realmo AI

    2251 Bill Foster Memorial Highway, Cabot, AR 72023

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    Claim this Listing
    For Sale
    $1,575,000

    Traditional, Building and Land - Cabot, AR

    Property size:
    13,120 SF
    Lot size:
    1.10 Acres
    Price / SF:
    $120/SF
    Added:
    Jul 4, 2025
    Days on Market:
    318
    Last Refresh:
    May 17 at 9:06 pm

    Property Features for 2251 Bill Foster Memorial Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    54
    Interior features
    220 Volt Power, Display Window, Smoke Detector, Handicapped Design, Ceiling Fans, Video Surveillance, In-unit Bathroom
    Exterior features
    Video Surveillance
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    13,120 SF
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    11794

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2009
    Floors in Building
    1
    Flooring type
    Other, Tile, Vinyl
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Jesse Jeffers

    Listing agent Jesse Jeffers

    Listing office Edge Realty 2239 Bill Foster Memorial Hwy Ste E, Cabot, AR

    Listing date Jul 4, 2025

    MLS# 25026713 Listing URL

    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.

    HighLights

    • Prime commercial space on Bill Foster Memorial Hwy with high visibility and 300'+ of highway frontage on a high‑traffic corridor.
    • Located in a vibrant commercial hub surrounded by established retailers.
    • 13,120 SQFT retail property on 1.10 acres with 54 parking spots and C2 zoning.
    • Currently generating income with 10,000 SQFT leased to a gym and 3,000 SQFT occupied as office space.
    • Conveniently located just 0.9 miles from the first Cabot exit.
    • Built in 2009 with brick construction, metal roof, central heating/cooling, and accessibility features.

    Overview

    This 13,120 square foot retail property is located on Bill Foster Memorial Highway in Cabot. The property includes 1.10 acres and 54 parking spots. It is zoned C2. Currently, 10,000 square feet is leased to a gym, with an additional 3,000 square feet occupied as office space. The property has over 300 feet of highway frontage on a high-traffic corridor with over 20,000 daily traffic. The property is located 0.9 miles from the first Cabot exit. Surrounding retailers include Taco Bell, Whataburger, Sonic Drive-In, Starbucks, Waffle House, and McDonald's. The property is suitable for a 1031 exchange or buy and hold investment.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $1.45M
    NOI $130,530 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.86M
    NOI $130,530 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.61M
    NOI $130,530 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $198.4k $15.12
    − Vacancy −$11.9k −$0.91
    EGI $186.5k $14.21
    − OpEx −$55.9k −$4.26
    NOI $130.5k $9.95
    13,120 SF · lease $15.12/SF/yr · vacancy 6.00% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $1.86M
    $1.63M – $2.18M (±1% cap)
    NOI $130,530 @ 7.0% cap · market cap 8.29%
    Second Best
    Office B
    $1.78M
    $1.56M – $2.08M (±1% cap)
    NOI $124,918 @ 7.0% cap · market cap 7.93%
    Theoretical Best
    Office A
    $2.67M
    $2.34M – $3.12M (±1% cap)
    NOI $186,992 @ 7.0% cap · market cap 11.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Xertion Fitness Gym & Fitness Center Abby Trejo Rice Physician Lindsey Nichols, APRN Pediatrician Martha Berry Physician Unity Health Medical ... Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Hair Salon Auto Parts Store Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cabot
    County
    Lonoke
    State
    Arkansas
    Longitude
    -92.049565
    Latitude
    34.94255

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    FAQs

    What type of property is this?
    Shopping center - High-traffic retail property with existing tenants and highway frontage.
    Where is this shopping center located?
    The property is located at 2251 Bill Foster Memorial Highway Cabot, AR.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: Prime commercial space on Bill Foster Memorial Hwy with high visibility and 300'+ of highway frontage on a high‑traffic corridor.; Located in a vibrant commercial hub surrounded by established retailers.; **13,120 SQFT retail property on 1.10 acres with 54 parking spots and C2 zoning.**
    (501) 743-5444
    We can help!
    Listing Contact
    Jesse Jeffers
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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