Listing Agency: Fineberg & Associates

Listed By: Brennan Sharpe · License #AR SA00084262 Show Phone

Source: Crexi

Added: Apr 18 Changed: Oct 13 Last Checked: Oct 20 at 6:54PM

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Investment Insights

Based on property information with market context.

This versatile property combines retail space on the main level with unfinished apartments above. The main level features two retail suites with updated open layouts, new lighting, high ceilings, crown molding, and kitchenettes, offering ready-to-lease interior space.

Upstairs includes two unfinished apartments, providing a value-add component for a buyer looking to complete the living areas.

Overall, the building is configured as a duplex-style setup with separate retail and residential spaces, creating flexibility for mixed-use ownership.

Key Highlights

• Main level has two retail suites with updated open layouts
• Retail suites include new lighting and high ceilings
• Includes crown molding and kitchenette features on the main level

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,528

Cap Rate

8.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$910,560 $910.6K

Cap Rate 7%

$650,400 $650.4K

Cap Rate 9%

$505,867 $505.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,718 SF

Gross rent

$89.2K $15.60/SF

− Vacancy

−$6.4K −$1.12/SF

EGI

$82.8K $14.48/SF

− OpEx

−$37.3K −$6.51/SF

NOI

$45.5K $7.96/SF

Area

Washington County, AR

Vacancy

7.20%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$910,560

Cap Rate 7%

$650,400

Cap Rate 9%

$505,867

Alternative Uses

Best Use

Retail

$961.3K

$841.2K – $1.12M (±1% cap)

NOI $67,292 @ 7.0% cap · market cap 12.37%

Second Best

Multifamily LT 5

$735.1K

$643.2K – $857.6K (±1% cap)

NOI $51,458 @ 7.0% cap · market cap 9.46%

Theoretical Best

Office A

$1.53M

$1.34M – $1.79M (±1% cap)

NOI $107,436 @ 7.0% cap · market cap 19.74%

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

Property Analytics

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Open Analytics

Current Use

Carter's Flowers and More (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Nail Salon Furniture & Home Goods

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

190

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 72744, AR

5,227

Population

2,196

Households

2.4

Avg Household Size

40

Median Age

12%

College-Educated

88%

High-School Grad

79.0 sq mi

ZIP Area

66

Density / Sq Mi

$63,077

Median Household Income

$41,667

Median Earnings

$1,093

Median Rent

$168,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Two updated retail suites with open layouts occupy the main level, with two unfinished upstairs apartments for value-add potential.

Where is this storefront property located?

The property is located at 117 W Bean St Lincoln, AR.

What is the asking price?

The asking price for this property is $544,180.

What are key features of this property?

This property features: Main level has two retail suites with updated open layouts; Retail suites include new lighting and high ceilings; Includes crown molding and kitchenette features on the main level