Corner Storefront
For Sale
$229,900
1230 W MAIN Street, Russellville, AR 72801
Commercial space with a residential-style exterior at a visible West Main Street corner.
Property Size1,220 SF
Price / SF$188.44
Days on Market39
Property Features for 1230 W MAIN Street
General Information
Standard status
Active
Size
1,220 SF
Property subtype
CommercialSale
Additional Details
Corner Location
Yes
Listing Agency:
Arkansas Real Estate Collective
(479) 280-1999
Listed By:
Boyd Osborne · License #EB00050326
(479) 970-0244
Source:
Connectrealtynwa
Added: Jul 26
Changed: Aug 28
Last Checked: Sep 2 at 2:37AM
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
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.
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 = 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
$11,007
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
4.79%
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%
$220,140
$220.1K
Cap Rate 7%
$157,243
$157.2K
Cap Rate 9%
$122,300
$122.3K
Market Conditions
NOI Build-Up for 1,220 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
$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 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%
$220,140
Cap Rate 7%
$157,243
Cap Rate 9%
$122,300
Alternative Uses
Best Use
Retail
$157.2K
$137.6K – $183.5K
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
NOI $13,644 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
