Mixed-Use Property with Shop
New
For Sale
$259,900
15 Jsb Circle, Greenbrier, AR 72058
Separate living quarters accompany a commercial workspace with overhead doors and 220-volt electrical service.
Property Size3,200 SF
Price / SF$81.22
Days on Market2
Property Features for 15 Jsb Circle
General Information
Standard status
Active
Size
3,200 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
1,600 SF
Voltage
220 V
Amenities
220-volt electrical service
wash sink
two 14-foot overhead doors
overhead lighting
propane gas
covered carport
decked storage space
full kitchen
laundry area
central heating/cooling
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Premier Realty
(479) 754-4663
Listed By:
Dylan Stanley · License #EB00067111
(479) 747-1290
Source:
Connectrealtynwa
Added: Sep 26
Changed: Sep 27
Last Checked: Sep 26 at 3:22PM
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 Coldwell Banker Premier Realty
Investment Insights
Based on property information with market context.
This mixed-use building contains approximately 3,200 square feet in a 100-by-40-foot footprint. The layout divides the space between 1,600 square feet of living area and 1,600 square feet of shop space. The residential portion has five bedrooms, a full kitchen, laundry area, and central heating and cooling. Decked storage is located above the living quarters, while an attached covered carport adds another area for parking or work.
The shop includes two 14-foot overhead doors, 220-volt electrical service, a wash sink, overhead lighting, and propane gas. The property is off Highway 65 in Greenbrier, Arkansas.
The shop includes two 14-foot overhead doors, 220-volt electrical service, a wash sink, overhead lighting, and propane gas. The property is off Highway 65 in Greenbrier, Arkansas.
Key Highlights
- Approximately 3,200 sft in a 100'x40' building
- 1,600 sft of centrally heated and cooled living space with 5 bedrooms, kitchen, and laundry
- 1,600 sft of shop area with two 14‑foot overhead doors
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
$19,432
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
7.48%
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%
$388,640
$388.6K
Cap Rate 7%
$277,600
$277.6K
Cap Rate 9%
$215,911
$215.9K
Market Conditions
NOI Build-Up for 3,200 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
$31.9K $9.96/SF
− Vacancy
−$2.0K −$0.62/SF
EGI
$29.9K $9.34/SF
− OpEx
−$10.5K −$3.27/SF
NOI
$19.4K $6.07/SF
Area
Faulkner County, AR
Vacancy
6.20%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$388,640
Cap Rate 7%
$277,600
Cap Rate 9%
$215,911
Alternative Uses
Best Use
Office B
$573.3K
$501.6K – $668.9K
NOI $40,131 @ 7.0% cap · market cap 15.44%
Second Best
Mixed Use
$343.2K
$300.3K – $400.4K
NOI $24,024 @ 7.0% cap · market cap 9.24%
Theoretical Best
Office A
$729.9K
$638.7K – $851.5K
NOI $51,092 @ 7.0% cap · market cap 19.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 72058, AR
18,525
Population
7,143
Households
2.6
Avg Household Size
37
Median Age
28%
College-Educated
96%
High-School Grad
157.3 sq mi
ZIP Area
118
Density / Sq Mi
$80,406
Median Household Income
$48,578
Median Earnings
$1,027
Median Rent
$203,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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?
Mixed-use property - Separate living quarters accompany a commercial workspace with overhead doors and 220-volt electrical service.
Where is this mixed-use property located?
The property is located at 15 Jsb Circle Greenbrier, AR.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Approximately 3,200 sft in a 100'x40' building; 1,600 sft of centrally heated and cooled living space with 5 bedrooms, kitchen, and laundry; 1,600 sft of shop area with two 14‑foot overhead doors
