Storefront Property with Flexible
For Sale
$325,000
2704 N Highway 229, Haskell, AR 72015
Existing four-room interior accommodates retail, office, or consultation functions with two full bathrooms.
Property Size2,376 SF
Lot Size1.95 Acres
Price / SF$136.78
Days on Market11
Property Features for 2704 N Highway 229
General Information
Standard status
Active
Size
2,376 SF
Lot size
1.95 Acres
Building Details
Year Built
1939
Building Size
2,376 SF
Listing Agency:
Moore and Co., Realtors - Benton
(501) 249-1533
Listed By:
Tonya Parks
Source:
Themoverealty
Added: Aug 22
Changed: Aug 31
Last Checked: Aug 31 at 7:30PM
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 Moore and Co., Realtors - Benton
Investment Insights
Based on property information with market context.
This 2,376-square-foot storefront property occupies approximately 1.95 acres at 2704 N Highway 229 in Haskell, Arkansas. Built in 1939, the building is currently operated as a boutique and includes four rooms, providing separate areas for retail, office, or consultation functions. Two full bathrooms are also located within the building.
The property combines an existing commercial building with a sizable in-town parcel along N Highway 229. Its current storefront configuration supports continued boutique retail use, while the room arrangement can accommodate professional office functions or consultation-based operations. Any future expansion or redevelopment would remain subject to applicable zoning and local approvals.
The property combines an existing commercial building with a sizable in-town parcel along N Highway 229. Its current storefront configuration supports continued boutique retail use, while the room arrangement can accommodate professional office functions or consultation-based operations. Any future expansion or redevelopment would remain subject to applicable zoning and local approvals.
Key Highlights
- 2,376‑square‑foot storefront property on approximately 1.95 acres
- Four interior rooms suitable for retail, office, or consultation functions
- Two full bathrooms
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
$27,298
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
8.40%
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%
$545,960
$546.0K
Cap Rate 7%
$389,971
$390.0K
Cap Rate 9%
$303,311
$303.3K
Market Conditions
NOI Build-Up for 2,376 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
$40.5K $17.04/SF
− Vacancy
−$4.1K −$1.72/SF
EGI
$36.4K $15.32/SF
− OpEx
−$9.1K −$3.83/SF
NOI
$27.3K $11.49/SF
Area
Saline County, AR
Vacancy
10.10%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$545,960
Cap Rate 7%
$389,971
Cap Rate 9%
$303,311
Alternative Uses
Best Use
Office B
$390.0K
$341.2K – $455.0K
NOI $27,298 @ 7.0% cap · market cap 8.40%
Second Best
Retail
$372.1K
$325.6K – $434.2K
NOI $26,050 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$518.5K
$453.7K – $604.9K
NOI $36,295 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72015, AR
28,597
Population
12,148
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
92%
High-School Grad
85.0 sq mi
ZIP Area
336
Density / Sq Mi
$64,550
Median Household Income
$44,219
Median Earnings
$1,013
Median Rent
$169,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Existing four-room interior accommodates retail, office, or consultation functions with two full bathrooms.
Where is this storefront property located?
The property is located at 2704 N Highway 229 Haskell, 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: 2,376‑square‑foot storefront property on approximately 1.95 acres; Four interior rooms suitable for retail, office, or consultation functions; Two full bathrooms
