Building Details

Year Built 2007

Buildings 2

Listing Agency: Limbird Real Estate Group

Listed By: The Limbird Team Show Phone

Source: Thesummithometeam

Added: Jul 29 Changed: Oct 14 Last Checked: Oct 16 at 2:12PM

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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 Limbird Real Estate Group

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Investment Insights

Based on property information with market context.

This mixed-use property occupies 1.36 acres and includes a 2,400-square-foot shop building with a bathroom and office area. Built in 2007, the 40x60 structure is supported by public water, an existing septic system, and electric service. A manufactured home is also located on the property.

The site has paved road frontage along W Holt Road and open, level terrain. Three-side fencing, a pond, and a wet weather creek are additional physical features. The property is within the Lincoln School District and carries a Lincoln, Arkansas address.

Key Highlights

• 1.36‑acre mixed‑use property with a 40x60 shop building
• 2,400‑square‑foot shop includes a bathroom and office space
• Public water, existing septic, and electric service are available

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,704

Cap Rate

8.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,080 $334.1K

Cap Rate 7%

$238,629 $238.6K

Cap Rate 9%

$185,600 $185.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$28.8K $12.00/SF

− Vacancy

−$2.1K −$0.86/SF

EGI

$26.7K $11.14/SF

− OpEx

−$10.0K −$4.18/SF

NOI

$16.7K $6.96/SF

Area

Washington County, AR

Vacancy

7.20%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,080

Cap Rate 7%

$238,629

Cap Rate 9%

$185,600

Alternative Uses

Best Use

Mixed Use

$238.6K

$208.8K – $278.4K (±1% cap)

NOI $16,704 @ 7.0% cap · market cap 8.35%

Second Best

Industrial

$200.4K

$175.4K – $233.9K (±1% cap)

NOI $14,031 @ 7.0% cap · market cap 7.02%

Theoretical Best

Office A

$644.2K

$563.7K – $751.6K (±1% cap)

NOI $45,094 @ 7.0% cap · market cap 22.55%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Electrical Service Storage Facility Big Box & Wholesale Store Garden Center Building Supply Plumbing Service

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

Yes

Fenced yard

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

43

Businesses Nearby

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Level acreage includes utility service, fencing, a pond, and a manufactured home.

Where is this mixed-use property located?

The property is located at 1208 W Holt Rd Lincoln, AR.

What is the asking price?

The asking price for this property is $200,000.

What are key features of this property?

This property features: 1.36‑acre mixed‑use property with a 40x60 shop building; 2,400‑square‑foot shop includes a bathroom and office space; Public water, existing septic, and electric service are available