Mixed-Use Property with
For Sale
$200,000
Pending
1208 W Holt Road, Lincoln, AR 72744
Land, Lincoln, AR
Property Size2,400 SF
Lot Size1.36 Acres
Days on Market240
Property Features for 1208 W Holt Road
General Information
Property type
Land
Property subtype
Other
Vegetation
Wooded
Lot features
Cleared, Mobile Home Allowed, Not In Subdivision, Outside City Limits, Rural Lot, Level
Elementary school district
Lincoln
Middle school district
Lincoln
High school district
Lincoln
Directions
From I-49 S, take exit 58 toward Greenland. Merge onto W Wilson. Turn left onto AR-265/N Cato Springs Rd. Turn right onto Illinois Chapel Rd. Turn left onto E Heritage Pkwy. Continue onto US-62/W Heritage Pkwy. Turn right onto W Holt Rd. Property will be on the right.
Standard status
Pending
APN
001-09706-000
Lot size
1.36 Acres
Taxes and HOA fees
Tax Description
See Attachment A in Supplements
Tax Annual Amount
742
Legal Description
See Attachment A in Supplements
Utilities
Sewer type
Septic Tank
Water source
Public
Amenities
bathroom
office space
pond
creek
paved road frontage
three-side fencing
Listing Agency:
Limbird Real Estate Group
(855) 755-7653
Listed By:
The Limbird Team
(479) 372-6246
Added: Feb 6
Changed: Sep 4
Last Checked: Oct 4 at 5:06PM
MLS# 1334770
Copyright © 2026 ArkansasONE MLS. 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.
This 1.36-acre mixed-use property at 1208 W Holt Road includes a 40x60 shop building with dedicated office and bathroom areas. A manufactured home is also located on the property, providing both commercial and residential improvements within the same tract.
The level site has paved road frontage, three-side fencing, public water, electric service, and an existing septic tank. Additional outdoor features include a pond and wet weather creek. The property is in the Lincoln School District and located in Lincoln, Washington County, Arkansas.
The level site has paved road frontage, three-side fencing, public water, electric service, and an existing septic tank. Additional outdoor features include a pond and wet weather creek. The property is in the Lincoln School District and located in Lincoln, Washington County, Arkansas.
Key Highlights
- 40x60 shop building with office and bathroom space
- 1.36‑acre mixed‑use property in Lincoln, AR
- Manufactured home included on the property
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
$16,704
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
8.35%
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%
$334,080
$334.1K
Cap Rate 7%
$238,629
$238.6K
Cap Rate 9%
$185,600
$185.6K
Market Conditions
NOI Build-Up for 2,400 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
$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 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%
$334,080
Cap Rate 7%
$238,629
Cap Rate 9%
$185,600
Alternative Uses
Best Use
Mixed Use
$238.6K
$208.8K – $278.4K
NOI $16,704 @ 7.0% cap · market cap 8.35%
Second Best
Industrial
$200.4K
$175.4K – $233.9K
NOI $14,031 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$644.2K
$563.7K – $751.6K
NOI $45,094 @ 7.0% cap · market cap 22.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
20
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a shop building with office and bathroom space, plus public water and septic service.
Where is this mixed-use property located?
The property is located at 1208 W Holt Road 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: 40x60 shop building with office and bathroom space; 1.36‑acre mixed‑use property in Lincoln, AR; Manufactured home included on the property
