Building Details

Year built 1984

Listing Agency: Arkansas Real Estate Collective Show Phone

Listed By: Wetzel Group Show Phone

Added: Jul 22 Changed: Sep 3 Last Checked: Oct 20 at 12:06AM

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MLS# 1356275

Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This strip mall includes 9,126 square feet of commercial space on a 0.9113-acre site. Built in 1984, the property occupies a corner position at the intersection of Hwy 7, Arkansas Ave., and Parkway.

The Russellville location is near the city’s downtown entertainment district and Arkansas Tech. Its placement along the intersecting roadways provides direct exposure to surrounding streets and connects the property with established activity in the area.

Key Highlights

• 9,126 square feet of commercial property
• 0.9113‑acre site
• Built in 1984

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

NOI $102,065 @ 7.0% cap · market cap 10.26%

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

Property Analytics

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Current Use

Lavish Studios Hair Salon Busy Beez Bookkeeping, ... Accounting Firm

Suggested Use

Top Pick Electrical Service Auto Parts Store Grocery & Convenience Store Veterinary Clinic Building Supply Garden Center

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

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - The property sits near Russellville’s downtown entertainment district and Arkansas Tech.

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 feet of commercial property; 0.9113‑acre site; Built in 1984