Mixed-Use Building with
For Sale
Contact for pricing
2150 Congo Road, Benton, AR 72015
Mixed-use property combines commercial suites with one-bedroom apartments in a newly built configuration.
Property Size12,000 SF
Price / SF$162.50
Days on Market60
Property Features for 2150 Congo Road
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
50
Property subtype
Mixed Use, Retail, Multifamily
Zoning
Mixed use
Investment Type
Net Lease
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Building Details
Year Built
2026
Buildings
1
Stories
2
Units
7
Tenancy
Multi
Listing Agency:
Crye-Leike Real Estate
Listed By:
Jeremiah Oltmans · License #EB00062094
Source:
Crexi
Added: Jul 29
Changed: Sep 12
Last Checked: Sep 24 at 8:12AM
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 Crye-Leike Real Estate
Investment Insights
Based on property information with market context.
This 12,000-square-foot mixed-use building is configured with three commercial spaces, with potential for a fourth, alongside four one-bedroom apartments. The property was built in 2026 and carries mixed-use zoning, supporting its combination of commercial and residential components.
Located at 2150 Congo Road in Benton, Arkansas, the asset offers a single-property format for commercial space and apartment units. Its multi-suite layout provides distinct areas for the commercial occupants while maintaining separate residential accommodations within the building.
Located at 2150 Congo Road in Benton, Arkansas, the asset offers a single-property format for commercial space and apartment units. Its multi-suite layout provides distinct areas for the commercial occupants while maintaining separate residential accommodations within the building.
Key Highlights
- 12,000 square feet of mixed‑use building area
- Three commercial spaces with potential for a fourth
- Four one‑bedroom apartments
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
$131,565
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
6.75%
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%
$2,631,300
$2.6M
Cap Rate 7%
$1,879,500
$1.9M
Cap Rate 9%
$1,461,833
$1.5M
Market Conditions
NOI Build-Up for 12,000 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
$200.2K $16.68/SF
− Vacancy
−$12.2K −$1.02/SF
EGI
$188.0K $15.66/SF
− OpEx
−$56.4K −$4.70/SF
NOI
$131.6K $10.96/SF
Area
Saline County, AR
Vacancy
6.10%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
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%
$2,631,300
Cap Rate 7%
$1,879,500
Cap Rate 9%
$1,461,833
Alternative Uses
Best Use
Retail
$1.88M
$1.64M – $2.19M
NOI $131,565 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,373 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$2.62M
$2.29M – $3.06M
NOI $183,310 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 72015, AR
28,597
Population
12,148
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
92%
High-School Grad
85.0 sq mi
ZIP Area
336
Density / Sq Mi
$64,550
Median Household Income
$44,219
Median Earnings
$1,013
Median Rent
$169,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property combines commercial suites with one-bedroom apartments in a newly built configuration.
Where is this mixed-use property located?
The property is located at 2150 Congo Road Benton, AR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 12,000 square feet of mixed‑use building area; Three commercial spaces with potential for a fourth; Four one‑bedroom apartments
