24005 Arch Street #Suite 19, Hensley, AR 72065

Building Details

Building Size 1,500 SF More

Year Built 2022 More

Stories 1 More

Listing Agency: Arkbest Realty, Inc. a***@arkansas.net Show Phone

Listed By: Tiffani Silvey · License AR SA00097857 Show Phone

Source: Carolynrussellrealestate

Added: Jan 20, 2025 Changed: Nov 3 Last Checked: Nov 10 at 4:13AM

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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 Arkbest Realty, Inc.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,500-square-foot retail suite was built in 2022 and features an interior layout that can be configured to suit different retail presentations. Its storefront can also be customized, providing flexibility in how the space is arranged and presented.

Key Highlights

• 1,500‑square‑foot retail suite
• Built in 2022
• Customizable storefront

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,446

Suggested Prices Based on Cap Rates

Cap Rate 5%

$328,920 $328.9K

Cap Rate 7%

$234,943 $234.9K

Cap Rate 9%

$182,733 $182.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$25.0K $16.68/SF

− Vacancy

−$1.5K −$1.02/SF

EGI

$23.5K $15.66/SF

− OpEx

−$7.0K −$4.70/SF

NOI

$16.4K $10.96/SF

Area

Saline County, AR

Vacancy

6.10%

Lease Rate

$16.68 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$328,920

Cap Rate 7%

$234,943

Cap Rate 9%

$182,733

Alternative Uses

Best Use

Retail

$234.9K

$205.6K – $274.1K (±1% cap)

NOI $16,446 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$327.3K

$286.4K – $381.9K (±1% cap)

NOI $22,914 @ 7.0% cap

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

Property Analytics

Current Use

Studio 15 Barber Shop Necee Aesthethics & Wellness ... Gym & Fitness Center Grace Health Medical Clinic Nexus Wellness PLLC Medical Clinic Saline County Library ... Public Library

Suggested Use

Top Pick Real Estate Agency Building Supply Pharmacy Law Firm Electrical Service Auto Parts 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

133

Businesses Nearby

30k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 64% Home Improvements & Furnishings 19% Shops & Services 17%

SONIC Drive In Dining

11,771 visits/mo 0.0 miles

Sanders Ace Hardware Home Improvements & Furnishings

5,661 visits/mo 0.5 miles

Family Dollar Shops & Services

3,055 visits/mo 0.4 miles

Krispy Krunchy Chicken Dining

2,535 visits/mo 0.2 miles

Pizza Hut Dining

2,518 visits/mo 0.3 miles

Demographics for 72065, AR

5,305

Population

2,370

Households

2.2

Avg Household Size

42

Median Age

25%

College-Educated

90%

High-School Grad

62.6 sq mi

ZIP Area

85

Density / Sq Mi

$68,636

Median Household Income

$36,131

Median Earnings

$955

Median Rent

$191,600

Median Home Value

Market

Average Price Trend$/SF for Retail space in Saline County, AR

$222 Jul

$193 Aug

$195 Sep

$207 Oct

Properties on Market for Retail space in Saline County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Retail space - The suite offers a flexible interior layout for a range of retail configurations.

Where is this retail space located?

The property is located at 24005 Arch Street #Suite 19 Hensley, AR.

What are key features of this property?

This property features: 1,500‑square‑foot retail suite; Built in 2022; Customizable storefront