Brookland Mixed-Use Commercial
For Sale
Contact for pricing
1 Kreed Lane, Brookland, AR 72417
Under construction mixed-use building in high-traffic Brookland location.
Property Size13,450 SF
Price / SF$165.43
Days on Market796
Property Features for 1 Kreed Lane
General Information
Standard status
Active
Size
13,450 SF
Property subtype
Special Purpose, Land
Listing Agency:
CENTURY 21 PORTFOLIO
Listed By:
Colby Brooks · License #AR
(870) 933-0026
Source:
Crexi
Added: Aug 16, 2024
Changed: Oct 15
Last Checked: Oct 19 at 5:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 PORTFOLIO
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use commercial building is currently under construction in Brookland, Arkansas. The property features 10 units and offers an abundance of parking. Situated in a high-traffic area, the location provides great visibility with entrances from 49N and North Oak Street. The property's size is 13,450 square feet. Units are also available for lease.
Key Highlights
- 10‑unit commercial building in a high‑traffic, desired location
- Great visibility with entrances from 49N and North Oak Street
- Abundance of parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,086
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,041,720
$2.0M
Cap Rate 7%
$1,458,371
$1.5M
Cap Rate 9%
$1,134,289
$1.1M
Market Conditions
NOI Build-Up for 13,450 SF
Gross rent
$177.5K $13.20/SF
− Vacancy
−$14.2K −$1.06/SF
EGI
$163.3K $12.14/SF
− OpEx
−$61.3K −$4.55/SF
NOI
$102.1K $7.59/SF
Area
Craighead County, AR
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,041,720
Cap Rate 7%
$1,458,371
Cap Rate 9%
$1,134,289
Alternative Uses
Best Use
Mixed Use
$1.46M
$1.28M – $1.70M
NOI $102,086 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,832 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 72417, AR
5,720
Population
2,391
Households
2.4
Avg Household Size
30
Median Age
18%
College-Educated
90%
High-School Grad
43.0 sq mi
ZIP Area
133
Density / Sq Mi
$63,633
Median Household Income
$44,254
Median Earnings
$989
Median Rent
$168,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Mixed-use property - Under construction mixed-use building in high-traffic Brookland location.
Where is this mixed-use property located?
The property is located at 1 Kreed Lane Brookland, AR.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: 10‑unit commercial building in a high‑traffic, desired location; Great visibility with entrances from 49N and North Oak Street; Abundance of parking
