Craftsman Storefront
For Sale
$325,000
2704 N Highway 229, Haskell, AR 72015
COMMERCIAL - Haskell, AR
Property Size2,376 SF
Lot Size1.95 Acres
Price / SF$136.78
Days on Market44
Property Features for 2704 N Highway 229
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use Commercial
Parking
10
Exterior features
Outside Storage Area
Lot features
Level, Corner Lot, Not in Subdivision, Will Subdivide
Directions
I-30 West, take exit 114, keep left go to second red light turn left property will be located about a mile down Highway 229.
Subdivision
BENTON-HARMONY GROVE
Standard status
Active
APN
860-04897-000
Size
2,376 SF
Lot size
1.95 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Meets and bounds
Tax Annual Amount
1779
Legal Description
Meets and bounds
Building Details
Year built
1939
Floors in Building
1
Flooring type
Wood, Vinyl
Roof type
Composition
Architectural style
Craftsman
Additional Structures
Storage
Listing Agency:
Moore and Co., Realtors - Benton
(501) 794-6116
Listed By:
Tonya Parks
(501) 249-1533
Added: Jun 30
Changed: Aug 10
Last Checked: Aug 12 at 1:06PM
MLS# 26031586
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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. Built in 1939, the Craftsman-style building is currently used as a boutique and includes four rooms, two full bathrooms, and a combination of wood and vinyl flooring. A composition roof and outside storage area are also part of the property.
The site is located within Haskell and fronts N Highway 229. Its building-and-land configuration combines an established commercial structure with a 1.95-acre parcel, providing a substantial setting for continued retail use or another commercial application supported by applicable local approvals.
The site is located within Haskell and fronts N Highway 229. Its building-and-land configuration combines an established commercial structure with a 1.95-acre parcel, providing a substantial setting for continued retail use or another commercial application supported by applicable local approvals.
Key Highlights
- 2,376‑square‑foot storefront property on approximately 1.95 acres
- Current boutique use with four rooms and two full bathrooms
- Craftsman architectural style; building constructed in 1939
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Four-room commercial layout with two full bathrooms, wood and vinyl flooring, and an exterior storage area.
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; Current boutique use with four rooms and two full bathrooms; Craftsman architectural style; building constructed in 1939
