Convenience Store Property with Second
For Sale
$339,500
1222 EDISON Avenue, Benton, AR 72015
Commercial / Industrial, Benton, AR
Property Size2,988 SF
Lot Size0.47 Acres
Price / SF$113.62
Days on Market147
Property Features for 1222 EDISON Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Oak Dale
Directions
FROM EDISON AVE GO DOWN TO 1222 EDISON AVE WILL BE ON THE CORNER.
Standard status
Active
APN
800-52732-000,800-52732-000
Size
2,988 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
2022-027935 PT LOTS 5 & 6 /00
Tax Annual Amount
1242
Legal Description
2022-027935 PT LOTS 5 & 6 /00
Building Details
Year built
1995
Floors in Building
1
Listing Agency:
The Virtual Realty Group
(479) 422-2935
Listed By:
Soozanna French · License #SA00055636
(501) 276-1425
Added: Apr 26
Changed: Sep 5
Last Checked: Sep 19 at 5:06PM
MLS# 26018094
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 commercial offering includes two buildings sold together as one package. The property totals 2,988 square feet on 0.47 acres and was built in 1995. One building is associated with the Dairy Mart business, while the second is vacant and was previously used as a car lot.
The property includes two addresses: 1222 Edison Avenue and 619 Cox Street in Benton, Arkansas. Its corner-lot position provides a defined commercial setting for the existing convenience-store component and the separate vacant building.
The property includes two addresses: 1222 Edison Avenue and 619 Cox Street in Benton, Arkansas. Its corner-lot position provides a defined commercial setting for the existing convenience-store component and the separate vacant building.
Key Highlights
- Two buildings offered together as one package
- 2,988 square feet on 0.47 acres
- One building associated with the Dairy Mart business
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
$30,302
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
8.93%
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%
$606,040
$606.0K
Cap Rate 7%
$432,886
$432.9K
Cap Rate 9%
$336,689
$336.7K
Market Conditions
NOI Build-Up for 2,988 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
$43.0K $14.40/SF
− Vacancy
−$2.6K −$0.88/SF
EGI
$40.4K $13.52/SF
− OpEx
−$10.1K −$3.38/SF
NOI
$30.3K $10.14/SF
Area
Saline County, AR
Vacancy
6.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$606,040
Cap Rate 7%
$432,886
Cap Rate 9%
$336,689
Alternative Uses
Best Use
Retail
$468.0K
$409.5K – $546.0K
NOI $32,760 @ 7.0% cap · market cap 9.65%
Second Best
Specialty Retail
$432.9K
$378.8K – $505.0K
NOI $30,302 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$652.1K
$570.6K – $760.7K
NOI $45,644 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Conoco
Shops & Services
2,632 visits/mo
0.2 miles
Demographics for 72015, AR
28,597
Population
12,148
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
92%
High-School Grad
85.0 sq mi
ZIP Area
336
Density / Sq Mi
$64,550
Median Household Income
$44,219
Median Earnings
$1,013
Median Rent
$169,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Two-building commercial package on a corner lot with an existing Dairy Mart business and a vacant former car-lot building.
Where is this grocery and convenience store located?
The property is located at 1222 EDISON Avenue Benton, AR.
What is the asking price?
The asking price for this property is $339,500.
What are key features of this property?
This property features: Two buildings offered together as one package; 2,988 square feet on 0.47 acres; One building associated with the Dairy Mart business
