Highway-Frontage Retail
New
For Sale
$1,490,000
2251 Bill Foster Memorial Highway, Cabot, AR 72023
COMMERCIAL - Cabot, AR
Property Size13,120 SF
Lot Size1.10 Acres
Price / SF$113.57
Days on Market2
Property Features for 2251 Bill Foster Memorial Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
54
Interior features
220 Volt Power, Display Window, Smoke Detector, Handicapped Design, Ceiling Fans, Video Surveillance, In-Unit Bathroom
Exterior features
Video Surveillance
Accessibility
Accessible Approach with Ramp
Lot features
Level, Major Road Frontage
Directions
ake Exit 161B: From I-40, take exit 161B for AR-31 N toward Lonoke/Cabot. Merge onto AR-31 N: Merge onto AR-31 N and continue for about 7 miles. Continue onto S 1st St: As AR-31 N enters Cabot, it becomes S 1st St;continue straight.Turn right onto AR-89
Subdivision
CABOT SCHOOL DISTRICT
Standard status
Active
Size
13,120 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Description
Lot 1 Lakewood Commercial Park
Tax Annual Amount
11794
Legal Description
Lot 1 Lakewood Commercial Park
Building Details
Year built
2009
Floors in Building
1
Flooring type
Vinyl, Tile
Roof type
Metal
Architectural style
Other
Listing Agency:
Edge Realty
(501) 843-4663
Listed By:
Jesse Jeffers
(501) 743-5444
Added: Aug 14
Last Checked: Aug 15 at 7:06PM
MLS# 26033181
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.
This 13,120-square-foot retail property occupies 1.10 acres and was built in 2009. The building includes 10,000 square feet leased to a gym and 3,000 square feet used for office space, along with display windows, vinyl and tile flooring, in-unit bathrooms, video surveillance, 220-volt power, and accessible ramp entry. A metal roof and 54 parking spots support the existing commercial layout.
The property is positioned at 2251 Bill Foster Memorial Highway in Cabot, Arkansas, with more than 300 feet of highway frontage and reported corridor traffic exceeding 20k daily. It is 0.9 miles, or a 2-minute drive, from the first Cabot exit. C2 zoning applies, and nearby retailers include Taco Bell, Whataburger, Sonic Drive-In, Starbucks, Waffle House, and McDonald's.
The property is positioned at 2251 Bill Foster Memorial Highway in Cabot, Arkansas, with more than 300 feet of highway frontage and reported corridor traffic exceeding 20k daily. It is 0.9 miles, or a 2-minute drive, from the first Cabot exit. C2 zoning applies, and nearby retailers include Taco Bell, Whataburger, Sonic Drive-In, Starbucks, Waffle House, and McDonald's.
Key Highlights
- 13,120 SQFT retail property on 1.10 acres
- More than 300 feet of frontage on Bill Foster Memorial Highway
- 10,000 SQFT leased to a gym plus 3,000 SQFT of office space
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
$130,530
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
8.76%
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%
$2,610,600
$2.6M
Cap Rate 7%
$1,864,714
$1.9M
Cap Rate 9%
$1,450,333
$1.5M
Market Conditions
NOI Build-Up for 13,120 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
$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 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%
$2,610,600
Cap Rate 7%
$1,864,714
Cap Rate 9%
$1,450,333
Alternative Uses
Best Use
Retail
$1.86M
$1.63M – $2.18M
NOI $130,530 @ 7.0% cap · market cap 8.76%
Second Best
Office B
$1.78M
$1.56M – $2.08M
NOI $124,918 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $186,992 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
60
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building with established gym and office occupancy along a commercial corridor in Cabot.
Where is this retail space located?
The property is located at 2251 Bill Foster Memorial Highway 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 SQFT retail property on 1.10 acres; More than 300 feet of frontage on Bill Foster Memorial Highway; 10,000 SQFT leased to a gym plus 3,000 SQFT of office space
