Building Details

Year built 2002

Floors in Building 1

Flooring type Wood

Roof type Metal

Architectural style Bungalow

Additional Structures Storage

Listing Agency: McKimmey Associates REALTORS NLR b***@mckimmey.com Show Phone

Listed By: Marilyn McKimmey Show Phone

Added: Jul 28 Changed: Sep 21 Last Checked: Sep 25 at 3:06AM

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MLS# 26030709

Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 mixed-use commercial property includes two buildings totaling 4,970 square feet on approximately 2 acres. The site is currently occupied by an established restaurant and features 103 seats, 60 parking spaces, a fully fenced perimeter, and an outside storage area. The improvements were built in 2002 and include a metal roof, wood flooring, smoke detectors, and an accessible approach with ramp.

Positioned along Highway 165 in Scott, Arkansas, the property offers direct highway frontage and is approximately 10 minutes from Clinton National Airport and 15 minutes from Downtown Little Rock and North Little Rock. Its existing restaurant configuration, parking capacity, and separate buildings support continued restaurant use or other mixed-use commercial applications.

Key Highlights

• Two buildings totaling 4,970 square feet on approximately 2 acres
• Established restaurant with 103 seats
• 60 parking spaces included

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

$66,362

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

9.15%

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%

$1,327,240 $1.3M

Cap Rate 7%

$948,029 $948.0K

Cap Rate 9%

$737,356 $737.4K

Market Conditions

NOI Build-Up for 4,970 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

$94.2K $18.96/SF

− Vacancy

−$5.7K −$1.16/SF

EGI

$88.5K $17.80/SF

− OpEx

−$22.1K −$4.45/SF

NOI

$66.4K $13.35/SF

Area

Pulaski County, AR

Vacancy

6.10%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

25.00%

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%

$1,327,240

Cap Rate 7%

$948,029

Cap Rate 9%

$737,356

Alternative Uses

Best Use

Specialty Retail

$948.0K

$829.5K – $1.11M (±1% cap)

NOI $66,362 @ 7.0% cap · market cap 9.15%

Second Best

Mixed Use

$661.4K

$578.7K – $771.6K (±1% cap)

NOI $46,296 @ 7.0% cap · market cap 6.39%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Conventional restaurants

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.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

51

Businesses Nearby

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

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-building commercial property with an established restaurant, ample parking, and Highway 165 frontage.

Where is this mixed-use property located?

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

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Two buildings totaling 4,970 square feet on approximately 2 acres; Established restaurant with 103 seats; 60 parking spaces included