107 E Wilbur D Mills Avenue, Kensett, AR 72082

Building Details

Building Size 4,000 SF More

Year Built 1947 More

Buildings 1 More

Stories 1 More

Listing Agency: Dalrymple

Listed By: Austin Durham · License #EB00087797 Show Phone

Source: Diamondcountryrealty

Added: Oct 23 Changed: Oct 27 Last Checked: Nov 6 at 2:57AM

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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 Dalrymple

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Investment Insights

Based on property information with market context.

At 107 E Wilbur D Mills Avenue in Kensett, this 4,000-square-foot mixed-use building dates to 1947. Its layout places showroom and office space at the front, shop space in the center, and a one-bedroom, one-bathroom apartment at the rear.

The property is in Kensett, just outside Searcy, Arkansas. The combination of commercial and residential areas provides distinct spaces within one building.

Key Highlights

• 4,000‑square‑foot mixed‑use building
• Front showroom and office area
• Shop space in the center of the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,056

Cap Rate

7.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$501,120 $501.1K

Cap Rate 7%

$357,943 $357.9K

Cap Rate 9%

$278,400 $278.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$43.2K $10.80/SF

− Vacancy

−$3.1K −$0.78/SF

EGI

$40.1K $10.02/SF

− OpEx

−$15.0K −$3.76/SF

NOI

$25.1K $6.26/SF

Area

White County, AR

Vacancy

7.20%

Lease Rate

$10.80 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$501,120

Cap Rate 7%

$357,943

Cap Rate 9%

$278,400

Alternative Uses

Best Use

Retail

$451.2K

$394.8K – $526.4K (±1% cap)

NOI $31,584 @ 7.0% cap · market cap 9.72%

Second Best

Mixed Use

$357.9K

$313.2K – $417.6K (±1% cap)

NOI $25,056 @ 7.0% cap · market cap 7.71%

Theoretical Best

Office A

$731.5K

$640.1K – $853.4K (±1% cap)

NOI $51,206 @ 7.0% cap · market cap 15.76%

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

Showrooms

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Law Firm Garden Center Carpet & Flooring Store

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

4

Businesses Nearby

Explore this area Business Placement

Demographics for 72082, AR

1,579

Population

833

Households

1.9

Avg Household Size

40

Median Age

5%

College-Educated

76%

High-School Grad

4.2 sq mi

ZIP Area

376

Density / Sq Mi

$28,018

Median Household Income

$27,794

Median Earnings

$683

Median Rent

$91,900

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?

Mixed-use property - A showroom and office at the front connect to central shop space and a one-bedroom residence at the rear.

Where is this mixed-use property located?

The property is located at 107 E Wilbur D Mills Avenue Kensett, AR.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 4,000‑square‑foot mixed‑use building; Front showroom and office area; Shop space in the center of the building