Listing Agency: Smith and Associates Real Estate Services

Listed By: Kenena Pelfrey · License #SA00090872 Show Phone

Source: Thesummithometeam

Added: Jul 27 Changed: Oct 4 Last Checked: Oct 12 at 9:09PM

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Investment Insights

Based on property information with market context.

This 4,100-square-foot climate-controlled retail building has undergone extensive remodeling and is configured with equipment for butcher-shop operations. Conveyed improvements include stainless-steel worktables, a band saw, commercial grinder, vacuum sealer, a 12 X 24 cooling room, a 12 X 24 freezer, holding pens, and a kill shoot. The property also has two 200 AMP services with 3 Phase Power.

Positioned on Hwy 16 road frontage at 20553 Durham McCord in Elkins, the building is approximately 20 minutes from Fayetteville and near the White River. Its existing infrastructure and adaptable commercial layout support continued retail use while accommodating a range of other commercial configurations.

Key Highlights

• 4,100 SF climate‑controlled building with extensive remodeling
• 12 X 24 cooling room and 12 X 24 freezer
• Two 200 AMP services with 3 Phase Power

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,250

Cap Rate

8.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$965,000 $965.0K

Cap Rate 7%

$689,286 $689.3K

Cap Rate 9%

$536,111 $536.1K

Market Conditions

NOI Build-Up for 4,100 SF

Gross rent

$73.8K $18.00/SF

− Vacancy

−$4.9K −$1.19/SF

EGI

$68.9K $16.81/SF

− OpEx

−$20.7K −$5.04/SF

NOI

$48.3K $11.77/SF

Area

Washington County, AR

Vacancy

6.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$965,000

Cap Rate 7%

$689,286

Cap Rate 9%

$536,111

Alternative Uses

Best Use

Specialty Retail

$738.5K

$646.2K – $861.6K (±1% cap)

NOI $51,697 @ 7.0% cap · market cap 9.40%

Second Best

Retail

$689.3K

$603.1K – $804.2K (±1% cap)

NOI $48,250 @ 7.0% cap · market cap 8.77%

Theoretical Best

Office A

$1.10M

$962.9K – $1.28M (±1% cap)

NOI $77,035 @ 7.0% cap · market cap 14.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Bakery Butcher

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

Utilities to site

Location Intelligence

Trade Area within ½ mile

11

Businesses Nearby

Explore this area Business Placement

Demographics for 72727, AR

6,434

Population

2,803

Households

2.3

Avg Household Size

39

Median Age

18%

College-Educated

90%

High-School Grad

155.6 sq mi

ZIP Area

41

Density / Sq Mi

$71,705

Median Household Income

$37,373

Median Earnings

$1,063

Median Rent

$191,900

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 retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Remodeled, climate-controlled commercial building with butcher-shop equipment, highway frontage, and flexible retail configuration.

Where is this retail space located?

The property is located at 20553 Durham Mccord Elkins, AR.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: 4,100 SF climate‑controlled building with extensive remodeling; 12 X 24 cooling room and 12 X 24 freezer; Two 200 AMP services with 3 Phase Power