Commercial Land with Workshop
For Sale
$289,900
199 D Street, Centerton, AR 72719
LAND - Centerton, AR
Property Size1,500 SF
Lot Size0.73 Acres
Price / SF$193.27
Days on Market49
Property Features for 199 D Street
General Information
Property type
Land
Property subtype
Other
Subdivision
33-20-31 Centerton
Lot features
Central Business District, City Lot, Level
Elementary school district
Bentonville
Middle school district
Bentonville
High school district
Bentonville
Directions
West on Centerton Blvd, Right on N. D Street. Property on Left.
Standard status
Active
APN
06-00075-000
Lot size
0.73 Acres
Taxes and HOA fees
Tax Description
See attached
Tax Annual Amount
607
Legal Description
See attached
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Coldwell Banker Harris McHaney & Faucette-Rogers
(479) 696-0600
Listed By:
The Home Team
(479) 256-0250
Added: Jul 4
Changed: Jul 14
Last Checked: Aug 21 at 12:06AM
MLS# 1353299
Copyright © 2026 ArkansasONE MLS. 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 offering presents a level commercial development site in Centerton, Arkansas, including a workshop building of approximately 1,500 sq. ft. The property is situated on a 0.73-acre lot and is zoned C-3 Commercial. The existing workshop space can support storage, office use, contractor work, or function as support during future development.
Located about one block off Centerton Boulevard, the site is described as providing easy access and strong visibility within a commercial and growth-oriented area. Public remarks also note proximity to major retail, restaurants, and residential development.
Owner financing is available, and the seller is willing to “beat the bank’s rate by 1%,” with details available through the agent.
Located about one block off Centerton Boulevard, the site is described as providing easy access and strong visibility within a commercial and growth-oriented area. Public remarks also note proximity to major retail, restaurants, and residential development.
Owner financing is available, and the seller is willing to “beat the bank’s rate by 1%,” with details available through the agent.
Key Highlights
- 0.73‑acre level C‑3 Commercial lot in Centerton, about one block off Centerton Boulevard
- Zoned C‑3 Commercial for a variety of commercial and business uses
- Includes an approximately 1,500 SF workshop building for storage, office, contractor use, or development support
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
$15,201
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
5.24%
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%
$304,020
$304.0K
Cap Rate 7%
$217,157
$217.2K
Cap Rate 9%
$168,900
$168.9K
Market Conditions
NOI Build-Up for 1,500 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
$25.2K $16.80/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$23.4K $15.59/SF
− OpEx
−$8.2K −$5.46/SF
NOI
$15.2K $10.13/SF
Area
Benton County, AR
Vacancy
7.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$304,020
Cap Rate 7%
$217,157
Cap Rate 9%
$168,900
Alternative Uses
Best Use
Flex RnD
$217.2K
$190.0K – $253.4K
NOI $15,201 @ 7.0% cap · market cap 5.24%
Second Best
Industrial
$80.6K
$70.6K – $94.1K
NOI $5,645 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office A
$412.2K
$360.7K – $480.9K
NOI $28,855 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 72719, AR
16,248
Population
6,989
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
96%
High-School Grad
9.2 sq mi
ZIP Area
1,766
Density / Sq Mi
$111,250
Median Household Income
$61,073
Median Earnings
$1,432
Median Rent
$283,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Level C-3 commercial lot with an approximately 1,500 sq. ft. workshop building in Centerton, AR.
Where is this commercial land located?
The property is located at 199 D Street Centerton, AR.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 0.73‑acre level C‑3 Commercial lot in Centerton, about one block off Centerton Boulevard; Zoned C‑3 Commercial for a variety of commercial and business uses; Includes an approximately 1,500 SF workshop building for storage, office, contractor use, or development support
