Commercial Land with Shop
For Sale
$99,000
Pending
1315 E 16th Street, Russellville, AR 72802
LAND - Russellville, AR
Property Size1,200 SF
Lot Size1.00 Acre
Days on Market481
Property Features for 1315 E 16th Street
General Information
Property type
Land
Property subtype
Other
Zoning description
Residential
Parking
10
Lot features
Cleared, City Lot, Not In Subdivision, Open Lot, Level
Elementary school district
Russellville
Middle school district
Russellville
High school district
Russellville
Directions
I-40 Exit 81, south on AR7, east on US64, south on AR7-T, east on 16th Street to 1315. Look for real estate sign.
Standard status
Pending
APN
857-10051-000R
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
Part of the W 1/2, SE 1/4, SW 1/4, Sec 10, T-7-N, R-20-W, Russellville, Pope County, AR, containing 1 acre, m/l (210 X 210).
Tax Annual Amount
633
Legal Description
Part of the W 1/2, SE 1/4, SW 1/4, Sec 10, T-7-N, R-20-W, Russellville, Pope County, AR, containing 1 acre, m/l (210 X 210).
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
River Valley Realty, Inc
(479) 968-6260
Listed By:
John Bearden · License #EB00047763
(479) 970-8896
Added: Apr 19, 2025
Changed: Jul 10
Last Checked: Aug 12 at 8:06AM
MLS# 1305721
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.
Investment Insights
Based on property information with market context.
This commercial land offering includes an older residence on site that would be better removed, along with a 40-by-30 shop building. The shop may support storage use or provide additional office space, depending on how the site is developed. The property is listed as 1 acre.
The site is located on East 16th Street in Russellville, Arkansas, across from Hickey Park and near Russellville Senior High School. Public remarks note heavy traffic volume.
A related option is available to purchase an adjacent additional acre, which is described as including a 1,891-square-foot office or residence.
The site is located on East 16th Street in Russellville, Arkansas, across from Hickey Park and near Russellville Senior High School. Public remarks note heavy traffic volume.
A related option is available to purchase an adjacent additional acre, which is described as including a 1,891-square-foot office or residence.
Key Highlights
- Great location on East 16th Street with heavy traffic volume, ideal for a commercial business.
- Located across from Hickey Park and near Russellville Senior High School.
- Includes a 40 X 30 shop building suitable for storage or additional office space.
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
$5,484
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
5.54%
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%
$109,680
$109.7K
Cap Rate 7%
$78,343
$78.3K
Cap Rate 9%
$60,933
$60.9K
Market Conditions
NOI Build-Up for 1,200 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
$7.2K $6.00/SF
− Vacancy
−$749 −$0.62/SF
EGI
$6.5K $5.38/SF
− OpEx
−$968 −$0.81/SF
NOI
$5.5K $4.57/SF
Area
Pope County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$109,680
Cap Rate 7%
$78,343
Cap Rate 9%
$60,933
Alternative Uses
Best Use
Warehouse
$78.3K
$68.6K – $91.4K
NOI $5,484 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$191.7K
$167.8K – $223.7K
NOI $13,421 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Explore this area
Business Placement
Demographics for 72802, AR
22,752
Population
9,687
Households
2.3
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
137.7 sq mi
ZIP Area
165
Density / Sq Mi
$61,664
Median Household Income
$37,206
Median Earnings
$887
Median Rent
$196,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land includes an old residence and a 40-by-30 shop suitable for storage or office space.
Where is this commercial land located?
The property is located at 1315 E 16th Street Russellville, AR.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Great location on East 16th Street with heavy traffic volume, ideal for a commercial business.; Located across from Hickey Park and near Russellville Senior High School.; Includes a 40 X 30 shop building suitable for storage or additional office space.
