Multi-Tenant Retail
New
For Sale
$2,000,000
201 Lee Town Rd, Pea Ridge, AR 72751
Multiple tenant spaces and public utilities support a range of retail occupancy arrangements.
Property Size8,760 SF
Lot Size0.88 Acres
Price / SF$228.31
Days on Market3
Property Features for 201 Lee Town Rd
General Information
Standard status
Active
Size
8,760 SF
Total Parking Spaces
26
Lot size
0.88 Acres
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2006
Tenancy
Multi
Listing Agency:
Keller Williams Market Pro Realty Branch Office
(479) 925-5330
Listed By:
Brooke Hernandez
(479) 366-0149
Source:
District3
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 12 at 7:50PM
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 Keller Williams Market Pro Realty Branch Office
Investment Insights
Based on property information with market context.
This retail property contains approximately 8,760 square feet across multiple tenant spaces. The 0.88-acre site includes 26 parking spaces, public utilities, and commercial zoning. Built in 2006, the property is located on Lee Town Road in Pea Ridge, Arkansas.
Key Highlights
- Approximately 8,760 square feet on 0.88 acres
- Multiple tenant spaces
- 26 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,655
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,993,100
$2.0M
Cap Rate 7%
$1,423,643
$1.4M
Cap Rate 9%
$1,107,278
$1.1M
Market Conditions
NOI Build-Up for 8,760 SF
Gross rent
$152.4K $17.40/SF
− Vacancy
−$10.1K −$1.15/SF
EGI
$142.4K $16.25/SF
− OpEx
−$42.7K −$4.88/SF
NOI
$99.7K $11.38/SF
Area
Benton County, AR
Vacancy
6.60%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,993,100
Cap Rate 7%
$1,423,643
Cap Rate 9%
$1,107,278
Alternative Uses
Best Use
Retail
$1.42M
$1.25M – $1.66M
NOI $99,655 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,512 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
120k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 27%
Shops & Services 24%
Home Improvements & Furnishings 5%
Walmart Neighborhood Market
Groceries
32,643 visits/mo
0.3 miles
SONIC Drive In
Dining
14,731 visits/mo
0.2 miles
McDonald's
Dining
14,175 visits/mo
0.2 miles
Wendy's
Dining
9,967 visits/mo
0.4 miles
Dollar Tree
Shops & Services
8,955 visits/mo
0.1 miles
Demographics for 72751, AR
8,361
Population
3,487
Households
2.4
Avg Household Size
34
Median Age
24%
College-Educated
92%
High-School Grad
24.1 sq mi
ZIP Area
347
Density / Sq Mi
$92,173
Median Household Income
$44,510
Median Earnings
$1,395
Median Rent
$258,200
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
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Frequently Asked Questions
What type of property is this?
Strip mall - Multiple tenant spaces and public utilities support a range of retail occupancy arrangements.
Where is this strip mall located?
The property is located at 201 Lee Town Rd Pea Ridge, AR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 8,760 square feet on 0.88 acres; Multiple tenant spaces; 26 parking spaces
