Mixed-Use Property with
For Sale
$149,000
22 S S Broadway St, Damascus, AR 72039
The property can accommodate business, residential, or rental use, with two outbuildings that have power hookups.
Property Size1,216 SF
Price / SF$122.53
Days on Market14
Property Features for 22 S S Broadway St
General Information
Standard status
Active
Size
1,216 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$753
Listing Agency:
Arkansas Mountain Real Estate
(501) 745-2296
Listed By:
Kimberly Holland
(501) 654-4116
Source:
Exprealty
Added: Oct 3
Changed: Oct 13
Last Checked: Oct 15 at 5:07AM
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 Arkansas Mountain Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property includes two large outbuildings with power hookups. Its stated use potential spans business, residential, and rental applications.
The property is located along Highway 65 at 22 S S Broadway St in Damascus, Arkansas.
The property is located along Highway 65 at 22 S S Broadway St in Damascus, Arkansas.
Key Highlights
- Two large outbuildings with power hookups
- Potential for business, residential, or rental use
- Located along Highway 65 in Damascus, Arkansas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,129
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
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
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 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 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$277.4K
$242.7K – $323.6K
NOI $19,415 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
52
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property can accommodate business, residential, or rental use, with two outbuildings that have power hookups.
Where is this mixed-use property located?
The property is located at 22 S S Broadway St Damascus, AR.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Two large outbuildings with power hookups; Potential for business, residential, or rental use; Located along Highway 65 in Damascus, Arkansas
