Two-Unit Storefront
New
For Sale
$165,000
918 E Race, Searcy, AR 72143
Two-unit commercial building with a kitchen and bathroom in each unit.
Property Size1,260 SF
Lot Size0.34 Acres
Price / SF$130.95
Days on Market2
Property Features for 918 E Race
General Information
Standard status
Active
Size
1,260 SF
Lot size
0.34 Acres
Site & Location
Corner Location
Yes
Road Access
Yes
Outdoor Storage
Yes
Building Details
Year Built
1928
Buildings
1
Listing Agency:
RE/MAX Advantage
Listed By:
Stuart Greer · License #17
(501) 281-6338
Source:
Pcsingtolittlerock
Added: Sep 9
Last Checked: Sep 10 at 10:58AM
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 RE/MAX Advantage
Investment Insights
Based on property information with market context.
Built in 1928, this 1,260-square-foot storefront property is configured as two separate units. Each unit includes its own kitchen and bathroom, providing a practical layout for distinct commercial occupants or uses.
The building sits on a corner parcel at Race and Walnut. The lot measures approximately 150 x 100, offering a substantial outdoor area alongside the existing structure. The property has also operated as a car lot for nearly 20 years.
The building sits on a corner parcel at Race and Walnut. The lot measures approximately 150 x 100, offering a substantial outdoor area alongside the existing structure. The property has also operated as a car lot for nearly 20 years.
Key Highlights
- Two‑unit storefront building with 1,260 square feet
- Each unit includes a kitchen and bathroom
- Corner location at Race and Walnut
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
$9,949
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
6.03%
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%
$198,980
$199.0K
Cap Rate 7%
$142,129
$142.1K
Cap Rate 9%
$110,544
$110.5K
Market Conditions
NOI Build-Up for 1,260 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
$15.1K $12.00/SF
− Vacancy
−$907 −$0.72/SF
EGI
$14.2K $11.28/SF
− OpEx
−$4.3K −$3.38/SF
NOI
$9.9K $7.90/SF
Area
White County, AR
Vacancy
6.00%
Lease Rate
$12.00 /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%
$198,980
Cap Rate 7%
$142,129
Cap Rate 9%
$110,544
Alternative Uses
Best Use
Retail
$142.1K
$124.4K – $165.8K
NOI $9,949 @ 7.0% cap · market cap 6.03%
Second Best
Industrial
$67.7K
$59.3K – $79.0K
NOI $4,742 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$230.4K
$201.6K – $268.8K
NOI $16,130 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
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.
Frequently Asked Questions
What type of property is this?
Storefront property - Two-unit commercial building with a kitchen and bathroom in each unit.
Where is this storefront property located?
The property is located at 918 E Race Searcy, AR.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two‑unit storefront building with 1,260 square feet; Each unit includes a kitchen and bathroom; Corner location at Race and Walnut
