Building Details

Building Size 10,640 SF

Year Built 2026

Listing Agency: Matthews Real Estate Investment Services, Inc j***@matthews.com Show Phone

Listed By: Josh Bishop · License #688810 (TX) Show Phone

Source: Matthews

Added: Jun 28 Changed: Aug 14 Last Checked: Aug 20 at 4:03AM

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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 Matthews Real Estate Investment Services, Inc

Investment Insights

Based on property information with market context.

This for-sale retail storefront property is presented as a commercial retail space, designed to serve tenants seeking a visible, street-oriented storefront format. The listing identifies the asset as a storefront within the broader retail property category, with the offering focused on the property itself rather than a specific tenant or buildout.

The property is located at 1311 W Main St in Austin, AR 72007. As a Main Street address, the site benefits from direct accessibility for customers approaching by street traffic, supporting traditional retail and service-oriented uses that rely on walk-in activity.

Because the information provided does not specify a particular tenant layout, frontage type, available utilities, or parking details, prospective buyers and brokers should plan to verify the specific condition of the building and the exact configuration available for occupancy. That said, the storefront retail classification makes this asset a fit for users looking to establish or expand a retail presence in a conventional street-level setting. The property is offered for sale, providing an ownership path for operators, investors, or developers interested in pursuing a retail conversion or ongoing retail operation based on confirmed in-person due diligence.

Key Highlights

• Newly built retail storefront property at 1311 W Main St
• Year built: 2026
• Suited for a variety of neighborhood retail uses

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

$105,857

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

4.86%

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%

$2,117,140 $2.1M

Cap Rate 7%

$1,512,243 $1.5M

Cap Rate 9%

$1,176,189 $1.2M

Market Conditions

NOI Build-Up for 10,640 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

$160.9K $15.12/SF

− Vacancy

−$9.7K −$0.91/SF

EGI

$151.2K $14.21/SF

− OpEx

−$45.4K −$4.26/SF

NOI

$105.9K $9.95/SF

Area

Lonoke County, AR

Vacancy

6.00%

Lease Rate

$15.12 /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%

$2,117,140

Cap Rate 7%

$1,512,243

Cap Rate 9%

$1,176,189

Alternative Uses

Best Use

Retail

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,857 @ 7.0% cap · market cap 4.86%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.17M

$1.90M – $2.53M (±1% cap)

NOI $151,646 @ 7.0% cap · market cap 6.97%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Carpet & Flooring Store Daycare Center Accounting Firm

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

16

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 72007, AR

9,792

Population

3,799

Households

2.6

Avg Household Size

35

Median Age

27%

College-Educated

88%

High-School Grad

45.9 sq mi

ZIP Area

213

Density / Sq Mi

$79,550

Median Household Income

$46,980

Median Earnings

$1,193

Median Rent

$220,000

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Storefront property - For-sale retail storefront property at 1311 W Main St, suited for a variety of neighborhood retail uses.

Where is this storefront property located?

The property is located at 1311 W Main St Austin, AR.

What is the asking price?

The asking price for this property is $2,177,088.

What are key features of this property?

This property features: Newly built retail storefront property at 1311 W Main St; Year built: 2026; Suited for a variety of neighborhood retail uses