Beebe Bank and Office
For Sale
Contact for pricing
1500 W Dewitt Henry Dr, Beebe, AR 72012
Bank and office space for sale or lease in Beebe.
Property Size10,800 SF
Price / SF$101.85
Days on Market2271
Property Features for 1500 W Dewitt Henry Dr
General Information
Standard status
Active
Size
10,800 SF
Class
B
Property subtype
Retail, Office
Occupancy
50%
Lease Type
NNN
Building Details
Year Built
1982
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Richardson Properties LLC
(501) 758-2441
Listed By:
Steve Tracy · License #AR 59022
Source:
Crexi
Added: Jun 2, 2020
Changed: Aug 8
Last Checked: Aug 19 at 7:34AM
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 Richardson Properties LLC
Investment Insights
Based on property information with market context.
This property in Beebe, Arkansas, is suitable for bank or office use. The entire first floor offers 5,000 square feet of bank space with a two-car drive-thru. A tenant improvement allowance is available. The second floor features professional office space that was completely remodeled in 2018, including a new TPO roof. A long-term national tenant occupies the second floor, which is accessible via an elevator and has separate entrance and exit points. The building has a total size of 10,800 square feet and is located across from the ASU-Beebe campus.
Key Highlights
- 5,000sf 1st floor suitable for bank use.
- Located across from ASU‑Beebe campus.
- Long‑term "national" tenant occupies the remodeled 2nd floor.
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
$85,277
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
7.75%
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%
$1,705,540
$1.7M
Cap Rate 7%
$1,218,243
$1.2M
Cap Rate 9%
$947,522
$947.5K
Market Conditions
NOI Build-Up for 10,800 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
$129.6K $12.00/SF
− Vacancy
−$7.8K −$0.72/SF
EGI
$121.8K $11.28/SF
− OpEx
−$36.5K −$3.38/SF
NOI
$85.3K $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%
$1,705,540
Cap Rate 7%
$1,218,243
Cap Rate 9%
$947,522
Alternative Uses
Best Use
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,481 @ 7.0% cap · market cap 10.32%
Second Best
Office B
$1.48M
$1.30M – $1.73M
NOI $103,693 @ 7.0% cap · market cap 9.43%
Theoretical Best
Office A
$1.98M
$1.73M – $2.30M
NOI $138,257 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
Business Placement
Demographics for 72012, AR
13,407
Population
6,110
Households
2.2
Avg Household Size
36
Median Age
19%
College-Educated
89%
High-School Grad
96.2 sq mi
ZIP Area
139
Density / Sq Mi
$59,167
Median Household Income
$38,435
Median Earnings
$789
Median Rent
$169,700
Median Home Value
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?
Bank - Bank and office space for sale or lease in Beebe.
Where is this bank located?
The property is located at 1500 W Dewitt Henry Dr Beebe, AR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,000sf 1st floor suitable for bank use.; Located across from ASU‑Beebe campus.; Long‑term "national" tenant occupies the remodeled 2nd floor.
