Listing Agency: Arkansas Real Estate Collective Show Phone

Listed By: Boyd Osborne · License #EB00050326 Show Phone

Source: Connectrealtynwa

Added: Jul 26 Changed: Oct 16 Last Checked: Oct 20 at 8:22PM

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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 Arkansas Real Estate Collective

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Investment Insights

Based on property information with market context.

This storefront property occupies a corner lot at 1230 W Main Street in Russellville, Arkansas. The building presents a residential-style exterior within a commercial setting, giving the asset a distinctive appearance from the street.

Its position along West Main Street places the property in a prominent, visible location. The asset is classified as a storefront property and is offered for sale.

Key Highlights

• Corner‑lot commercial property
• Located at 1230 W Main Street, Russellville, AR 72801
• Residential‑style exterior in a commercial setting

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,007

Cap Rate

4.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$220,140 $220.1K

Cap Rate 7%

$157,243 $157.2K

Cap Rate 9%

$122,300 $122.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,220 SF

Gross rent

$16.8K $13.80/SF

− Vacancy

−$1.1K −$0.91/SF

EGI

$15.7K $12.89/SF

− OpEx

−$4.7K −$3.87/SF

NOI

$11.0K $9.02/SF

Area

Pope County, AR

Vacancy

6.60%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$220,140

Cap Rate 7%

$157,243

Cap Rate 9%

$122,300

Alternative Uses

Best Use

Retail

$157.2K

$137.6K – $183.5K (±1% cap)

NOI $11,007 @ 7.0% cap · market cap 4.79%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$194.9K

$170.6K – $227.4K (±1% cap)

NOI $13,644 @ 7.0% cap · market cap 5.93%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Grocery & Convenience Store Carpet & Flooring Store Electrical Service (Bike/Boat/Book/etc) Store Locksmith Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

967

Businesses Nearby

113k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 61% Shops & Services 34% Apparel 3% Dining 2%

Walmart Neighborhood Market Groceries

37,942 visits/mo 0.5 miles

Kroger Groceries

30,824 visits/mo 0.2 miles

Dollar Tree Shops & Services

13,917 visits/mo 0.1 miles

Kroger Fuel Center Shops & Services

13,612 visits/mo 0.2 miles

The UPS Store Shops & Services

7,173 visits/mo 0.4 miles

Demographics for 72801, AR

18,510

Population

7,530

Households

2.5

Avg Household Size

29

Median Age

26%

College-Educated

82%

High-School Grad

8.0 sq mi

ZIP Area

2,314

Density / Sq Mi

$42,363

Median Household Income

$22,473

Median Earnings

$837

Median Rent

$153,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Kroger Floral — 1109 W Main St, Russellville, AR 72801
• Sweeden Florist — 117 N Commerce Ave, Russellville, AR 72801
• Flowers Etc Inc — 900 W B St, Russellville, AR 72801

Frequently Asked Questions

What type of property is this?

Storefront property - Commercial space with a residential-style exterior at a visible West Main Street corner.

Where is this storefront property located?

The property is located at 1230 W MAIN Street Russellville, AR.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: Corner‑lot commercial property; Located at 1230 W Main Street, Russellville, AR 72801; Residential‑style exterior in a commercial setting