Leased Brick Retail
232 E Main Street Gentry, AR 72734
New
For Sale
$325,000
Brick retail building with a cinder block addition, 14-foot ceilings, and off-street parking.
Property Size2,550 SF
Price / SF$127.45
Days on Market3
Property Features for 232 E Main Street
General Information
- Standard status
- Active
- Size
- 2,550 SF
- Property subtype
- Commercial/Industrial
Listing Agency:
Limbird Real Estate Group
(855) 755-7653
Listed By:
The Limbird Team
(855) 755-7653
Source:
Exitrealty
Added: Jul 22
Changed: Jul 24
Last Checked: Jul 24 at 7:00AM
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 Limbird Real Estate Group
Investment Insights
Based on property information with market context.
This leased brick retail building includes a brick exterior with a cinder block addition. The property is approximately 2,550 SF and features 14-foot ceilings, one restroom, and a flexible layout that can support boutique-style retail setups. Recent improvements include new HVAC, a PVC roof, and updated electrical and plumbing throughout. Off-street parking is also available.
Located on high-traffic Main Street within the Central Business District, the property is described as having daily traffic of 5,500 cars.
The building is zoned commercial. Utilities and services noted include fiber optic, gas, and public water and sewer. It is currently leased and generating annual income of $18,000.
Located on high-traffic Main Street within the Central Business District, the property is described as having daily traffic of 5,500 cars.
The building is zoned commercial. Utilities and services noted include fiber optic, gas, and public water and sewer. It is currently leased and generating annual income of $18,000.
Key Highlights
- 2,550 SF brick retail building with a cinder block addition in the Central Business District on Main Street
- Daily traffic count of 5,500 cars on Main Street
- Currently leased, generating $18,000 in annual income
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.4k | $17.40 |
| − Vacancy | −$2.9k | −$1.15 |
| EGI | $41.4k | $16.25 |
| − OpEx | −$12.4k | −$4.88 |
| NOI | $29.0k | $11.38 |
2,550 SF · lease $17.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$414.4K
$362.6K – $483.5K
NOI $29,009 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$700.8K
$613.2K – $817.6K
NOI $49,053 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Falyn’s Flowers and Gifts LLC — 120 E Main St, Gentry, AR 72734
FAQs
What type of property is this?
Storefront property - Brick retail building with a cinder block addition, 14-foot ceilings, and off-street parking.
Where is this storefront property located?
The property is located at 232 E Main Street Gentry, AR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,550 SF brick retail building with a cinder block addition in the Central Business District on Main Street; Daily traffic count of 5,500 cars on Main Street; Currently leased, generating $18,000 in annual income
