Mixed-Use Property with
New
For Sale
$169,000
22 S Broadway, Damascus, AR 72039
Commercial / Industrial, Damascus, AR
Property Size1,216 SF
Price / SF$138.98
Days on Market5
Property Features for 22 S Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Exterior features
Storage Building, Outside Storage Area, Pole Sign, Additional Outbuildings
Directions
HYW 65 Damasus AR. 72039 Turn just off the road of HYW 65
Subdivision
SOUTHSIDE SCHOOL DISTRICT (FAULK
Standard status
Active
Size
1,216 SF
Taxes and HOA fees
Tax Description
PT SW 1/3
Tax Annual Amount
753
Legal Description
PT SW 1/3
Building Details
Year built
2012
Floors in Building
1
Additional Structures
Storage, Outbuilding
Listing Agency:
Arkansas Mountain Real Estate
(501) 745-2296
Listed By:
Kimberly Holland
(501) 654-4116
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 4 at 7:06PM
MLS# 26040128
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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.
Built in 2012, this 1,216-square-foot mixed-use property includes two large outbuildings with power hookups. Exterior features also include a pole sign and an outside storage area.
The property is located on S Broadway along Hwy 65 in Damascus, Arkansas. The site has a large lot, and the property is presented for business, residential, or rental use.
The property is located on S Broadway along Hwy 65 in Damascus, Arkansas. The site has a large lot, and the property is presented for business, residential, or rental use.
Key Highlights
- 1,216‑square‑foot building, constructed in 2012
- Two large outbuildings have power hookups
- Located along Hwy 65 at 22 S Broadway in Damascus
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
$9,129
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
5.40%
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%
$182,580
$182.6K
Cap Rate 7%
$130,414
$130.4K
Cap Rate 9%
$101,433
$101.4K
Market Conditions
NOI Build-Up for 1,216 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
$16.1K $13.20/SF
− Vacancy
−$1.4K −$1.19/SF
EGI
$14.6K $12.01/SF
− OpEx
−$5.5K −$4.50/SF
NOI
$9.1K $7.51/SF
Area
Faulkner County, AR
Vacancy
9.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
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%
$182,580
Cap Rate 7%
$130,414
Cap Rate 9%
$101,433
Alternative Uses
Best Use
Mixed Use
$130.4K
$114.1K – $152.2K
NOI $9,129 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$277.4K
$242.7K – $323.6K
NOI $19,415 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 72039, AR
2,254
Population
944
Households
2.4
Avg Household Size
40
Median Age
16%
College-Educated
89%
High-School Grad
61.1 sq mi
ZIP Area
37
Density / Sq Mi
$59,018
Median Household Income
$37,792
Median Earnings
$974
Median Rent
$147,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a compact building with powered accessory structures and space for outside storage.
Where is this mixed-use property located?
The property is located at 22 S Broadway Damascus, AR.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 1,216‑square‑foot building, constructed in 2012; Two large outbuildings have power hookups; Located along Hwy 65 at 22 S Broadway in Damascus
