Multi-Tenant Retail
1210 E Race Ave Searcy, AR 72143
1210 E Race Ave, Searcy, AR, 72143
$329,900
For Sale
$329,900
Two independently occupied tenant spaces are currently leased on a long-term basis.
Property Size2,720 SF
Price / SF$121.29
Days on Market48
Property Features for 1210 E Race Ave
General Information
- Standard status
- Active
- Size
- 2,720 SF
Listing agency
Green Light Realty
(501) 593-1262
Listed by
Robert Greene
(501) 593-1262
Source
Exprealty
Added: Jun 5 Updated: Jul 22 at 1:25AM Checked: Jul 22 at 10:10AM
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 Green Light Realty
Investment Insights
Based on property information with market context.
This commercial building contains two separate tenant spaces, both currently occupied. One suite is My Hearing Center under a current 3-year lease, and the other suite is Euro Style Salon, which has been in business at the property for about 10 years.
The property is positioned for visibility, with strong street presence supporting retail and service use.
The building is offered for sale with existing tenants in place, providing an income-producing configuration through two long-running businesses.
The property is positioned for visibility, with strong street presence supporting retail and service use.
The building is offered for sale with existing tenants in place, providing an income-producing configuration through two long-running businesses.
Key Highlights
- Building has two separate tenant spaces currently leased to independent occupants
- My Hearing Center occupies one side under a current 3‑year lease
- Euro Style Salon has occupied the other side for about 10 years
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.2k | $14.40 |
| − Vacancy | −$4.3k | −$1.60 |
| EGI | $34.8k | $12.80 |
| − OpEx | −$8.7k | −$3.20 |
| NOI | $26.1k | $9.60 |
2,720 SF · lease $14.40/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$482.3K
$422.0K – $562.6K
NOI $33,758 @ 7.0% cap · market cap 10.23%
Second Best
Office B
$373.1K
$326.4K – $435.3K
NOI $26,115 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$497.4K
$435.3K – $580.3K
NOI $34,820 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
John P. Clark, ...
Engineering Consultant
E & M Trucking ...
Trucking Company
My Hearing Centers
Hearing Aid Store
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Two independently occupied tenant spaces are currently leased on a long-term basis.
Where is this medical office space located?
The property is located at 1210 E Race Ave Searcy, AR.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Building has two separate tenant spaces currently leased to independent occupants; My Hearing Center occupies one side under a current 3‑year lease; Euro Style Salon has occupied the other side for about 10 years
