Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Affordable Commercial Opportunity in Booneville Title is generated by Realmo AI

    172 N Broadway AVE, Booneville, AR 72927

    View on Map
    Claim this Listing
    For Sale
    $61,500

    COMMERCIAL - Booneville, AR

    Type:Retail
    Property size:
    1,972 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $31/SF
    Added:
    Apr 15, 2026
    Days on Market:
    38
    Last Refresh:
    May 22 at 1:06 am

    Property Features for 172 N Broadway AVE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking features
    On Street
    Standard status
    Active
    APN
    800-00892-000
    Size
    1,972 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Description
    BOONEVILLE C O & M LOT 3 BLK 15
    Tax Annual Amount
    293

    We can help!

    Listing Contact
    Karley King

    Listing agent Karley King

    Listing office Oak and Main Realty Group 17 W Main St., Paris, AR

    Listing date Apr 15, 2026

    MLS# 1088418

    Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic downtown location with over 3,000 vehicles daily.
    • Close proximity to restaurants, retail, and artisan stores.
    • Across the street from Broadway Memorial Park, a local event venue.
    • Freshly painted interior and exterior.
    • Versatile space suitable for retail, restaurant, or warehouse use.
    • Located in Booneville, near Mount Magazine State Park, Blue Mountain Lake, and various amenities.

    Overview

    This commercial property is located in the heart of Booneville's downtown area. The building features a freshly painted exterior and interior, presenting a blank canvas. The property could be converted into a warehouse with the addition of a bay door. Restaurants, retail stores, and artisan shops are located within two blocks, and the building is across the street from Broadway Memorial Park, where local events are held. The downtown district benefits from an average daily traffic count of over 3,000 vehicles, serving local residents and visitors traveling to nearby Mount Magazine State Park and Lodge, and Blue Mountain Lake. Booneville offers a range of employers and amenities, including K-12 public schools, a Boys & Girls Club, a municipal airport, an 18-hole golf course, Rockline Industries, BHDC, a USDA Research Center, Mercy Hospital and Emergency Room, Walmart Supercenter, Tractor Supply Co., Dollar Tree, several chain restaurants, and local restaurants such as Black Dog and Reid's Barbecue. The property has a lot size of 0.0803 acres and a property size of 1972 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Susan's Flowers & Gifts — 7 Village Loop, Booneville, AR 72927

    Location Insight

    • Map
    • Local Demand
    City
    Booneville
    County
    Logan
    State
    Arkansas
    Longitude
    -93.921603
    Latitude
    35.139719

    Nearby Similar for Sale

    • $999,000
      13,362 SF

      Turnkey Assisted Living Facility

      Well-maintained facility on a high-traffic corridor with endless potential.
      1501 Main ST, Booneville, AR 72927
      View Details
    • $369,900
      5,950 SF

      Booneville Commercial Building on Acre

      Well-maintained commercial building with road frontage, suitable for various ventures.
      1459 N State Highway 23, Booneville, AR 72927
      View Details
    • $315,000
      4,224 SF

      Turnkey Fitness Business Opportunity

      Established gym for sale in Booneville, Arkansas.
      345 E 2nd ST, Booneville, AR 72927
      View Details
    • $999,000
      5,200 SF

      Hometown Inn: Income Property

      33-room income property with Main Street access in Booneville, AR.
      320 Mccandless AVE Unit #33, Booneville, AR 72927
      View Details
    • $129,000
      4,344 SF

      Main Street Commercial Opportunity

      Three commercial spaces for sale on Main Street.
      54-62 E Main ST, Booneville, AR 72927
      View Details
    • $148,000
      2,380 SF

      Downtown Booneville Commercial Building

      Historic building with modern updates and prime downtown visibility.
      147 N Broadway AVE, Booneville, AR 72927
      View Details
    • $999,000
      5,200 SF

      33-Room Motel in Boonville, AR

      Boonville, AR motel with strong performance and growth potential.
      320 McCandless Avenue 33, Booneville, AR 72927
      View Details
    • $999,000
      5,200 SF

      33-Unit Motel Investment Opportunity

      High-performing 33-unit motel with strong occupancy history and cash flow.
      320 McCandless Ave, Booneville, AR 72927
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial space in downtown Booneville, Arkansas, ready for your business.
    Where is this storefront property located?
    The property is located at 172 N Broadway AVE Booneville, AR.
    What is the asking price?
    The asking price for this property is $61,500.
    What are key features of this property?
    This property features: High‑traffic downtown location with over 3,000 vehicles daily.; Close proximity to restaurants, retail, and artisan stores.; Across the street from Broadway Memorial Park, a local event venue.
    (479) 847-2100
    We can help!
    Listing Contact
    Karley King
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    172 N Broadway AVE, Booneville, AR 72927
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!