Building Details

Year Built 1998

Buildings 1

Listing Agency: RE/MAX Encore

Listed By: Jody Huffmaster · License #EB00075977 Show Phone

Source: Pcsingtolittlerock

Added: Sep 13 Changed: Oct 25 Last Checked: Oct 7 at 1:11PM

Report an Issue

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 RE/MAX Encore

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This retail storefront offers an open interior suited to a small business using the space for retail or office purposes. The building dates to 1998 and previously served as Ward’s post office, giving the property a documented place in the town’s history. Its exterior is brightly colored, providing a distinctive visual identity for the building.

Located at 10 W 2nd St in Ward, Arkansas, the property sits on the town’s main street. The open configuration allows the next owner to organize the interior around its operating needs while retaining the building’s recognizable character.

Key Highlights

• Open interior suitable for retail or office use
• Former Ward post office with documented local history
• Located on the town’s main street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$7,760

Cap Rate

7.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$155,200 $155.2K

Cap Rate 7%

$110,857 $110.9K

Cap Rate 9%

$86,222 $86.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 780 SF

Gross rent

$11.8K $15.12/SF

− Vacancy

−$708 −$0.91/SF

EGI

$11.1K $14.21/SF

− OpEx

−$3.3K −$4.26/SF

NOI

$7.8K $9.95/SF

Area

Lonoke County, AR

Vacancy

6.00%

Lease Rate

$15.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$155,200

Cap Rate 7%

$110,857

Cap Rate 9%

$86,222

Alternative Uses

Best Use

Retail

$110.9K

$97.0K – $129.3K (±1% cap)

NOI $7,760 @ 7.0% cap · market cap 7.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$158.8K

$139.0K – $185.3K (±1% cap)

NOI $11,117 @ 7.0% cap · market cap 10.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Auto Repair Shop HVAC Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

113

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 72176, AR

9,418

Population

3,598

Households

2.6

Avg Household Size

34

Median Age

18%

College-Educated

88%

High-School Grad

70.4 sq mi

ZIP Area

134

Density / Sq Mi

$77,511

Median Household Income

$45,962

Median Earnings

$995

Median Rent

$165,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Storefront property - Flexible interior supports a small retail or office operation in a main-street setting.

Where is this storefront property located?

The property is located at 10 W 2nd St Ward, AR.

What is the asking price?

The asking price for this property is $110,000.

What are key features of this property?

This property features: Open interior suitable for retail or office use; Former Ward post office with documented local history; Located on the town’s main street