Storefront Retail Property with Display
For Sale
$250,000
1225 W Center Street, Greenwood, AR 72936
Open commercial space with signage, paved parking, and flexible interior features for retail or service-oriented business use.
Property Size2,864 SF
Lot Size0.66 Acres
Price / SF$87.29
Days on Market45
Property Features for 1225 W Center Street
General Information
Standard status
Active
Size
2,864 SF
Lot size
0.66 Acres
Property subtype
CommercialSale
Additional Details
Asking Price
$250,000
Amenities
kitchenette
restroom
shower
display windows
signs
paved parking
Building Details
Buildings
1
Listing Agency:
McGraw REALTORS
(479) 719-5488
Listed By:
Tonia Hobbs · License #SA00076279
(479) 719-5488
Source:
Assurancerealtyfsm
Added: Jul 16
Changed: Aug 28
Last Checked: Aug 28 at 2:03PM
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 McGraw REALTORS
Investment Insights
Based on property information with market context.
This storefront retail property at 1225 W Center Street includes 2,864 SF of open commercial space on approximately .66 acres. Four oversized front windows provide display areas along the Greenwood commercial corridor, while two existing signs—one roadside and one mounted to the building—support business identification. Interior features include a kitchenette, a restroom, and a separate room with a shower.
The property also offers paved parking and a newer roof. Nearby businesses include Subway, Farmers Co-op, and The Laundry Room, with the upcoming Greenwood Library also identified in the surrounding context. The layout and existing improvements provide a flexible foundation for a boutique, salon, office, studio, café, or another commercial concept.
The property also offers paved parking and a newer roof. Nearby businesses include Subway, Farmers Co-op, and The Laundry Room, with the upcoming Greenwood Library also identified in the surrounding context. The layout and existing improvements provide a flexible foundation for a boutique, salon, office, studio, café, or another commercial concept.
Key Highlights
- 2,864 SF of open storefront space on approximately .66 acres
- Four oversized front display windows face the commercial corridor
- Two existing signs: one roadside and one attached to the building
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
$22,470
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
8.99%
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%
$449,400
$449.4K
Cap Rate 7%
$321,000
$321.0K
Cap Rate 9%
$249,667
$249.7K
Market Conditions
NOI Build-Up for 2,864 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
$34.4K $12.00/SF
− Vacancy
−$2.3K −$0.79/SF
EGI
$32.1K $11.21/SF
− OpEx
−$9.6K −$3.36/SF
NOI
$22.5K $7.85/SF
Area
Sebastian County, AR
Vacancy
6.60%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
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%
$449,400
Cap Rate 7%
$321,000
Cap Rate 9%
$249,667
Alternative Uses
Best Use
Retail
$321.0K
$280.9K – $374.5K
NOI $22,470 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$609.3K
$533.2K – $710.9K
NOI $42,654 @ 7.0% cap · market cap 17.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,350 visits/mo
0.2 miles
Demographics for 72936, AR
14,515
Population
6,019
Households
2.4
Avg Household Size
38
Median Age
27%
College-Educated
92%
High-School Grad
80.9 sq mi
ZIP Area
179
Density / Sq Mi
$72,213
Median Household Income
$45,724
Median Earnings
$824
Median Rent
$197,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial space with signage, paved parking, and flexible interior features for retail or service-oriented business use.
Where is this storefront property located?
The property is located at 1225 W Center Street Greenwood, AR.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,864 SF of open storefront space on approximately .66 acres; Four oversized front display windows face the commercial corridor; Two existing signs: one roadside and one attached to the building
