Mixed-Use Shop with
For Sale
$260,000
245 Kayla Ln, Lonoke, AR 72086
Commercially zoned property combines a substantial work area with two separate apartment spaces.
Property Size4,800 SF
Lot Size5.00 Acres
Price / SF$54.17
Days on Market34
Property Features for 245 Kayla Ln
General Information
Standard status
Active
Size
4,800 SF
Lot size
5.00 Acres
Zoning
Commercial
Additional Details
Gross Income
$21,600
Building Details
Year Built
2007
Buildings
1
Listing Agency:
Epique Realty
(501) 412-0562
Listed By:
Steve Clemons
Source:
Themoverealty
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 25 at 5:42AM
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 Epique Realty
Investment Insights
Based on property information with market context.
This mixed-use property includes a 4,800-square-foot shop on 5 acres, with two separate apartment areas built into the structure. The ground-floor apartment measures 800 square feet and includes one bedroom, one bathroom, an open living, dining, and kitchen arrangement with an island, plus a large laundry room with storage. A 500-square-foot upstairs efficiency apartment adds a full kitchen, bathroom, and large storage room.
The shop has a third bathroom and utility sink, providing functional support for workspace, equipment storage, or warehouse operations. The acreage also provides room for parking, outdoor storage, expansion, or additional development. The property is zoned Commercial and is located at 245 Kayla Lane in Lonoke, Arkansas.
The shop has a third bathroom and utility sink, providing functional support for workspace, equipment storage, or warehouse operations. The acreage also provides room for parking, outdoor storage, expansion, or additional development. The property is zoned Commercial and is located at 245 Kayla Lane in Lonoke, Arkansas.
Key Highlights
- 4,800‑square‑foot shop situated on 5 acres
- Two separate apartments integrated within the shop
- 800‑square‑foot ground‑level apartment with 1 bedroom and 1 bath
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
$21,441
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
8.25%
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%
$428,820
$428.8K
Cap Rate 7%
$306,300
$306.3K
Cap Rate 9%
$238,233
$238.2K
Market Conditions
NOI Build-Up for 4,800 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
$26.5K $5.52/SF
− Vacancy
−$1.3K −$0.26/SF
EGI
$25.2K $5.26/SF
− OpEx
−$3.8K −$0.79/SF
NOI
$21.4K $4.47/SF
Area
Lonoke County, AR
Vacancy
4.80%
Lease Rate
$5.52 /SF/Yr
Expense Ratio
15.00%
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%
$428,820
Cap Rate 7%
$306,300
Cap Rate 9%
$238,233
Alternative Uses
Best Use
Mixed Use
$681.2K
$596.1K – $794.8K
NOI $47,686 @ 7.0% cap · market cap 18.34%
Second Best
Office B
$652.9K
$571.3K – $761.7K
NOI $45,702 @ 7.0% cap · market cap 17.58%
Theoretical Best
Office A
$977.3K
$855.2K – $1.14M
NOI $68,412 @ 7.0% cap · market cap 26.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 72086, AR
10,673
Population
4,983
Households
2.1
Avg Household Size
40
Median Age
12%
College-Educated
84%
High-School Grad
164.1 sq mi
ZIP Area
65
Density / Sq Mi
$59,450
Median Household Income
$41,176
Median Earnings
$945
Median Rent
$151,700
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?
Mixed-use property - Commercially zoned property combines a substantial work area with two separate apartment spaces.
Where is this mixed-use property located?
The property is located at 245 Kayla Ln Lonoke, AR.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 4,800‑square‑foot shop situated on 5 acres; Two separate apartments integrated within the shop; 800‑square‑foot ground‑level apartment with 1 bedroom and 1 bath
