24005 Arch Street #Suite 23, Hensley, AR 72065

Building Details

Building Size 3,000 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 4 Last Checked: Nov 12 at 4:26AM

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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 3,000-square-foot storefront property was built in 2022. Its interior offers room for a business layout, and the storefront can be customized. On-site parking is available for visitors and staff.

Key Highlights

• 3,000‑square‑foot storefront property
• Built in 2022
• On‑site parking available

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,891

Suggested Prices Based on Cap Rates

Cap Rate 5%

$657,820 $657.8K

Cap Rate 7%

$469,871 $469.9K

Cap Rate 9%

$365,456 $365.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$50.0K $16.68/SF

− Vacancy

−$3.1K −$1.02/SF

EGI

$47.0K $15.66/SF

− OpEx

−$14.1K −$4.70/SF

NOI

$32.9K $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%

$657,820

Cap Rate 7%

$469,871

Cap Rate 9%

$365,456

Alternative Uses

Best Use

Retail

$469.9K

$411.1K – $548.2K (±1% cap)

NOI $32,891 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$654.7K

$572.8K – $763.8K (±1% cap)

NOI $45,827 @ 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

Balanced

Demand for This Use

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

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?

Storefront property - Completed in 2022, this storefront includes on-site parking and a flexible customer-facing frontage.

Where is this storefront property located?

The property is located at 24005 Arch Street #Suite 23 Hensley, AR.

What are key features of this property?

This property features: 3,000‑square‑foot storefront property; Built in 2022; On‑site parking available