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 Market751
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
Source:
Crexi
Added: Aug 16, 2024
Changed: Aug 28
Last Checked: Sep 4 at 9:47PM
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
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 = 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
$102,086
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
4.59%
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%
$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
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
$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 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%
$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.
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
Questions? Ask Rey
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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
