Building Details

Building Size 4,970 SF

Year Built 2002

Buildings 2

Listing Agency: McKimmey Associates REALTORS NLR

Listed By: Marilyn McKimmey Show Phone

Source: Evrealestate

Added: Jul 28 Changed: Oct 26 Last Checked: Oct 28 at 8:34AM

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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 McKimmey Associates REALTORS NLR

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Investment Insights

Based on property information with market context.

This 4,970-square-foot storefront was built in 2002. Property features include full fencing, storage, and a bungalow/cottage-style exterior. Electric service and central heating with natural gas are listed among its features.

The property is at 15235 Highway 165 in Scott, Arkansas. From Interstate 40, the provided directions use Exit 159 toward Texarkana, followed by Exit 7 toward Scott.

Key Highlights

• 4,970‑square‑foot storefront
• Built in 2002
• Full fencing and storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,866

Cap Rate

6.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$917,320 $917.3K

Cap Rate 7%

$655,229 $655.2K

Cap Rate 9%

$509,622 $509.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,970 SF

Gross rent

$69.8K $14.04/SF

− Vacancy

−$4.3K −$0.86/SF

EGI

$65.5K $13.18/SF

− OpEx

−$19.7K −$3.96/SF

NOI

$45.9K $9.23/SF

Area

Pulaski County, AR

Vacancy

6.10%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$917,320

Cap Rate 7%

$655,229

Cap Rate 9%

$509,622

Alternative Uses

Best Use

Retail

$655.2K

$573.3K – $764.4K (±1% cap)

NOI $45,866 @ 7.0% cap · market cap 6.66%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$948.0K

$829.5K – $1.11M (±1% cap)

NOI $66,362 @ 7.0% cap · market cap 9.63%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Big Box & Wholesale Store Cafe & Coffee Shop Auto Repair Shop Food Market Hotel & Motel Restaurant

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

50

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72142, AR

2,385

Population

1,183

Households

2

Avg Household Size

49

Median Age

12%

College-Educated

84%

High-School Grad

105.5 sq mi

ZIP Area

23

Density / Sq Mi

$56,957

Median Household Income

$39,891

Median Earnings

$758

Median Rent

$187,700

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

Frequently Asked Questions

What type of property is this?

Storefront property - Built in 2002, the property includes full fencing and storage space.

Where is this storefront property located?

The property is located at 15235 Highway 165 Scott, AR.

What is the asking price?

The asking price for this property is $689,000.

What are key features of this property?

This property features: 4,970‑square‑foot storefront; Built in 2002; Full fencing and storage