Building Details

Buildings 1

Listing Agency: Dalrymple s***@ccim.net Show Phone

Listed By: Austin Durham · License #EB00087797 Show Phone

Source: Exprealty

Added: Oct 8 Changed: Oct 16 Last Checked: Oct 16 at 1:15PM

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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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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.

A mixed-use building in Kensett combines customer-facing showroom and office space at the front with shop space through the middle. A one-bedroom, one-bathroom apartment occupies the rear of the building.

The property is located at 107 E Wilbur Mills Ave in Kensett, just outside Searcy.

Key Highlights

• Showroom and office area at the front of the building
• Shop space occupies the middle section
• Rear apartment has 1 bedroom and 1 bathroom

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

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

70

Businesses Nearby

9k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,306 visits/mo 0.4 miles

Phillips 66 Shops & Services

3,829 visits/mo 0.3 miles

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 - Front showroom and office space connect to a central shop and a rear apartment.

Where is this mixed-use property located?

The property is located at 107 E Wilbur Mills Ave 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: Showroom and office area at the front of the building; Shop space occupies the middle section; Rear apartment has 1 bedroom and 1 bathroom