Building Details

Year built 1947

Floors in Building 1

Flooring type Concrete, Vinyl

Listing Agency: Dalrymple j***@dcommercial.com Show Phone

Listed By: Austin Durham · License #EB00087797 Show Phone

Added: Oct 8 Changed: Oct 9 Last Checked: Oct 10 at 8:06AM

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MLS# 26040846

Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

At 107 E Wilbur D Mills Avenue, this 4,000-square-foot mixed-use building pairs a front showroom and office area with shop space in the middle and a one-bedroom, one-bathroom apartment at the rear. The building dates to 1947 and sits on a 0.3-acre lot in Kensett, Arkansas.

Vinyl and concrete flooring, overhead doors, and landscaping are among the property's existing features. The apartment provides a separate residential component within the building's three-part layout.

Key Highlights

• 4,000‑square‑foot building on a 0.3‑acre lot
• Front showroom and office area
• Central shop space with overhead doors

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

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

Flex RnD

$486.0K

$425.3K – $567.0K (±1% cap)

NOI $34,022 @ 7.0% cap · market cap 10.47%

Second Best

Retail

$451.2K

$394.8K – $526.4K (±1% cap)

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

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.

Property Analytics

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Current Use

Flex space

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

70

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Front showroom and office areas connect with a central work area and a rear one-bedroom apartment.

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 building on a 0.3‑acre lot; Front showroom and office area; Central shop space with overhead doors