Corner Strip
New
For Sale
$995,000
127 E Parkway Drive, Russellville, AR 72801
The retail property contains approximately 9,126 square feet of space for commercial occupancy.
Property Size9,126 SF
Price / SF$109.03
Days on Market1
Property Features for 127 E Parkway Drive
General Information
Standard status
Active
Size
9,126 SF
Additional Details
Corner Location
Yes
Building Details
Tenancy
Multi
Listing Agency:
Arkansas Real Estate Collective
(479) 280-1999
Listed By:
The Wetzel Group
(479) 970-0986
Source:
Connectrealtynwa
Added: Oct 7
Last Checked: Oct 7 at 2:15PM
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 9,126-square-foot strip mall occupies a corner at Hwy 7/Arkansas Ave. and Parkway in Russellville. Its retail configuration places the property near downtown’s entertainment district and Arkansas Tech.
Key Highlights
- 9,126‑square‑foot strip mall
- Corner location at Hwy 7/Arkansas Ave. and Parkway
- Near downtown Russellville’s entertainment district and Arkansas Tech
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,339
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,646,780
$1.6M
Cap Rate 7%
$1,176,271
$1.2M
Cap Rate 9%
$914,878
$914.9K
Market Conditions
NOI Build-Up for 9,126 SF
Gross rent
$125.9K $13.80/SF
− Vacancy
−$8.3K −$0.91/SF
EGI
$117.6K $12.89/SF
− OpEx
−$35.3K −$3.87/SF
NOI
$82.3K $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%
$1,646,780
Cap Rate 7%
$1,176,271
Cap Rate 9%
$914,878
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.37M
NOI $82,339 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,065 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
122k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 33%
Home Improvements & Furnishings 1%
Electronics 1%
McDonald's
Dining
31,274 visits/mo
0.5 miles
Russellville #1
Shops & Services
20,504 visits/mo
0.5 miles
Wendy's
Dining
17,448 visits/mo
0.2 miles
The UPS Store
Shops & Services
7,173 visits/mo
0.3 miles
KFC
Dining
6,781 visits/mo
0.2 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
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Frequently Asked Questions
What type of property is this?
Strip mall - The retail property contains approximately 9,126 square feet of space for commercial occupancy.
Where is this strip mall located?
The property is located at 127 E Parkway Drive Russellville, AR.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 9,126‑square‑foot strip mall; Corner location at Hwy 7/Arkansas Ave. and Parkway; Near downtown Russellville’s entertainment district and Arkansas Tech
