Listing Agency: Chuck Fawcett Realty-Van Buren Show Phone

Listed By: Jerel Driscoll · License #112486 Show Phone

Source: Assurancerealtyfsm

Added: Sep 15 Last Checked: Sep 19 at 9:02AM

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Investment Insights

Based on property information with market context.

This storefront property offers 2,800 square feet of commercial space at 109 N Broadway Street in Hartford, Arkansas. The asset is classified as a storefront property and is offered for sale.

Its retail-oriented configuration provides a straightforward commercial setting for an owner-user or buyer seeking storefront space. The property is situated in Hartford, ZIP code 72938.

Key Highlights

• 2,800‑square‑foot storefront property
• Located at 109 N Broadway Street, Hartford, AR 72938
• Classified as storefront, retail, and commercial real estate

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

$21,968

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

7.58%

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%

$439,360 $439.4K

Cap Rate 7%

$313,829 $313.8K

Cap Rate 9%

$244,089 $244.1K

Market Conditions

NOI Build-Up for 2,800 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

$33.6K $12.00/SF

− Vacancy

−$2.2K −$0.79/SF

EGI

$31.4K $11.21/SF

− OpEx

−$9.4K −$3.36/SF

NOI

$22.0K $7.85/SF

Area

Sebastian County, AR

Vacancy

6.60%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

30.00%

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%

$439,360

Cap Rate 7%

$313,829

Cap Rate 9%

$244,089

Alternative Uses

Best Use

Retail

$313.8K

$274.6K – $366.1K (±1% cap)

NOI $21,968 @ 7.0% cap · market cap 7.58%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$595.7K

$521.3K – $695.0K (±1% cap)

NOI $41,701 @ 7.0% cap · market cap 14.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

ity of Hartford Corporate Office City of Hartford Municipal Administration Office Hartford Police Department Police Department ALON Gas Station Gas Station

Suggested Use

Top Pick Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Nail Salon Pet Store Restaurant

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

44

Businesses Nearby

2k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

1,964 visits/mo 0.3 miles

Farmers Bank Shops & Services

487 visits/mo 0.2 miles

Demographics for 72938, AR

1,160

Population

532

Households

2.2

Avg Household Size

45

Median Age

20%

College-Educated

90%

High-School Grad

52.0 sq mi

ZIP Area

22

Density / Sq Mi

$53,125

Median Household Income

$29,137

Median Earnings

$883

Median Rent

$134,000

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

Questions? Ask Rey

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

What type of property is this? Where is this storefront 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?

Storefront property - Retail-oriented commercial space in Hartford with a 2,800-square-foot footprint.

Where is this storefront property located?

The property is located at 109 N Broadway Street Hartford, AR.

What is the asking price?

The asking price for this property is $290,000.

What are key features of this property?

This property features: 2,800‑square‑foot storefront property; Located at 109 N Broadway Street, Hartford, AR 72938; Classified as storefront, retail, and commercial real estate