Building Details

Year Built 2009

Listing Agency: Edge Realty

Listed By: Jesse Jeffers · License #3593717 Show Phone

Source: Pcsingtolittlerock

Added: Aug 23 Changed: Oct 3 Last Checked: Oct 15 at 2:56AM

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Investment Insights

Based on property information with market context.

Built in 2009, this 13,120-square-foot retail property combines active occupancy with a flexible commercial layout. A gym occupies 10,000 square feet, while office users occupy an additional 3,000 square feet. The property includes 54 parking spaces and is situated on 1.10 acres.

The building fronts Bill Foster Memorial Hwy in Cabot with 300'+ of highway frontage and reported corridor traffic of 20k+ daily. It is approximately 0.9 miles, or a 2-minute drive, from the first Cabot exit. C2 zoning and nearby national and regional retailers, including Taco Bell, Whataburger, Sonic Drive-In, Starbucks, Waffle House, and McDonald's, provide established commercial context.

Key Highlights

• 13,120‑square‑foot retail property built in 2009
• 10,000 square feet leased to a gym
• Additional 3,000 square feet occupied as office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$130,530

Cap Rate

8.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,610,600 $2.6M

Cap Rate 7%

$1,864,714 $1.9M

Cap Rate 9%

$1,450,333 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,120 SF

Gross rent

$198.4K $15.12/SF

− Vacancy

−$11.9K −$0.91/SF

EGI

$186.5K $14.21/SF

− OpEx

−$55.9K −$4.26/SF

NOI

$130.5K $9.95/SF

Area

Lonoke County, AR

Vacancy

6.00%

Lease Rate

$15.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,610,600

Cap Rate 7%

$1,864,714

Cap Rate 9%

$1,450,333

Alternative Uses

Best Use

Retail

$1.86M

$1.63M – $2.18M (±1% cap)

NOI $130,530 @ 7.0% cap · market cap 8.76%

Second Best

Office B

$1.78M

$1.56M – $2.08M (±1% cap)

NOI $124,918 @ 7.0% cap · market cap 8.38%

Theoretical Best

Office A

$2.67M

$2.34M – $3.12M (±1% cap)

NOI $186,992 @ 7.0% cap · market cap 12.55%

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

Property Analytics

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Current Use

Xertion Fitness Gym & Fitness Center Abby Trejo Rice Physician Lindsey Nichols, APRN Pediatrician Martha Berry Physician Unity Health Medical ... Medical Clinic

Suggested Use

Top Pick Plumbing Service Big Box & Wholesale Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

54

Businesses Nearby

Explore this area Business Placement

Demographics for 72023, AR

37,321

Population

14,901

Households

2.5

Avg Household Size

38

Median Age

25%

College-Educated

94%

High-School Grad

98.2 sq mi

ZIP Area

380

Density / Sq Mi

$76,157

Median Household Income

$45,363

Median Earnings

$978

Median Rent

$202,400

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - C2-zoned commercial building with established gym and office occupancy.

Where is this retail space located?

The property is located at 2251 Bill Foster Memorial Hwy Cabot, AR.

What is the asking price?

The asking price for this property is $1,490,000.

What are key features of this property?

This property features: 13,120‑square‑foot retail property built in 2009; 10,000 square feet leased to a gym; Additional 3,000 square feet occupied as office space