Freestanding Retail Building with
1540 E Race Ave, Searcy, AR 72143
For Sale
Contact for pricing
An on-site parking field and customer drive-through support convenient access to the building.
Property Size11,000 SF
Lot Size1.91 Acres
Price / SF$172.73
Days on Market16
Property Features for 1540 E Race Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Corner Location
Drive-Thru
Additional Details
Asking Price
Building Details
Year Built
Buildings
Listing Agency:
Crescent LLC
Listed By:
Tyler Peterson · License AR SA00100098
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 10 at 6:21AM
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 Crescent LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding retail property contains approximately 11,000 square feet on 1.91 acres. Built in 2003, the building includes a drive-through and 65 parking spaces.
At 1540 E Race Ave in Searcy, the property occupies a signalized corner near Harding University and established retail businesses.
At 1540 E Race Ave in Searcy, the property occupies a signalized corner near Harding University and established retail businesses.
Key Highlights
- Approximately 11,000 SF of retail space on 1.91 acres
- Existing drive‑through
- 65 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,856
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,737,120
$1.7M
Cap Rate 7%
$1,240,800
$1.2M
Cap Rate 9%
$965,067
$965.1K
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$132.0K $12.00/SF
− Vacancy
−$7.9K −$0.72/SF
EGI
$124.1K $11.28/SF
− OpEx
−$37.2K −$3.38/SF
NOI
$86.9K $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 Rate 5%
$1,737,120
Cap Rate 7%
$1,240,800
Cap Rate 9%
$965,067
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $86,856 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,818 @ 7.0% cap · market cap 7.41%
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
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 17%
Apparel 13%
Home Improvements & Furnishings 1%
SONIC Drive In
Dining
20,615 visits/mo
0.2 miles
Wendy's
Dining
17,883 visits/mo
0.1 miles
Goodwill
Apparel
10,164 visits/mo
0.3 miles
Captain D's
Dining
6,054 visits/mo
0.0 miles
Firehouse Subs
Dining
5,321 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An on-site parking field and customer drive-through support convenient access to the building.
Where is this retail space located?
The property is located at 1540 E Race Ave Searcy, AR.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Approximately 11,000 SF of retail space on 1.91 acres; Existing drive‑through; 65 parking spaces
