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    392 N Main St Centerton, AR 72719

    View on Map
    Sponsored
    For Sale
    $425,000

    Retail - Centerton, AR

    Type:Retail
    Property size:
    3,663 SF
    Lot size:
    0.21 Acres
    Days on Market:
    17
    Last Refresh:
    Mar 5 at 5:06 am

    Property Features for 392 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    06-00095-000
    Parking features
    Carport, On Street
    Interior features
    Smoke Detector
    Size
    3,663 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Natural Gas
    Cooling system
    Central Air, Electric, Window Unit(s)

    Building Details

    Year built
    2005
    Flooring type
    Carpet, Laminate, Tile, Vinyl, Wood
    Building materials
    Frame
    Roof type
    Asphalt, Metal, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Sally Swick
    Sally Swick

    Lindsey & Associates, Inc (479) 636-2200

    Listing agent Sally Swick (479) 636-2200

    Listing date Feb 17, 2026

    MLS# 1299309 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Centerton Retail/Office Development Opportunity

    This property offers excellent visibility with approximately 60 linear feet of frontage on N. Main St, which sees a traffic count of 10,000 vehicles per day and connects Hwy 102 & Hwy 72. It also features 150 linear feet of frontage on E. 2nd St. Located in Centerton, AR, the property is positioned within the city's future Innovative Center Plan, aimed at establishing a greater downtown area. The city is actively engaged in a downtown revitalization study to develop strategic plans for the future of North & South Main Street, revitalizing Historic Old Town and integrating it with the expansive 400-acre New Town Center, which includes a Walmart Super Center. The location is suitable for retail or office development. The property is 0.2 miles to E. Centerton Blvd, 1.5 miles to Hwy 72, & 6.1 miles to I-49. The parcel, currently zoned as R3-MF (medium high density multi-family), could be rezoned as Commercial within 6-8 weeks, according to the Centerton Planning Department. The property size is 3,663 square feet, situated on a lot of 0.21 acres. Centerton is the 3rd fastest growing and 7th safest city in Arkansas. Northwest Arkansas is one of the fastest-growing areas in the US and a hub for entrepreneurship, providing an ideal environment for flourishing businesses and a growing consumer market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Centerton
    County
    Benton
    State
    Arkansas
    Longitude
    -94.284385
    Latitude
    36.361927

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    FAQs

    What type of property is this?
    Retail space - Retail or office development opportunity in a growing Arkansas city.
    Where is this retail space located?
    The property is located at 392 N Main St Centerton, AR.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - High-visibility location with significant frontage on N. Main St (approx. 60 linear feet) and E. 2nd St (approx. 150 linear feet).; - Located within Centerton's future Innovative Center Plan, allowing for potential rezoning to Commercial within 6-8 weeks.; - Centerton is the 3rd fastest-growing and 7th safest city in Arkansas.
    (479) 636-2200
    Request Owner's contact information
    392 N Main St Centerton, AR 72719
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    Centerton, AR 72719
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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
    392 N Main St Centerton, AR 72719
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    We can help!
    Listing Contact
    Sally Swick
    Sally Swick
    Real Estate License ID: AB00088306
    (479) 636-2200 (952) 277-9191
    Learn more
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