Avenue-Front Retail
For Sale
$469,000
2900 E Race Avenue, Searcy, AR 72143
For sale retail building on East Race Avenue in Searcy, Arkansas.
Property Size2,442 SF
Days on Market82
Property Features for 2900 E Race Avenue
General Information
Standard status
Active
Size
2,442 SF
Total Parking Spaces
15
Property subtype
Commercial
Zoning
Other(See Remarks), Commercial
Building Details
Building Size
2,442 SF
Year Built
1978
Stories
1
Listing Agency:
Dalrymple
(417) 425-9866
Listed By:
Austin Durham · License #EB00087797
(417) 425-9866
Source:
Proeliterealty
Added: Jun 3
Changed: Aug 23
Last Checked: Aug 22 at 4:26PM
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 Dalrymple
Investment Insights
Based on property information with market context.
Offered for sale, this retail building sits on East Race Avenue in Searcy, Arkansas, providing direct street frontage for storefront and signage visibility.
The property is identified as 2900 East Race Avenue and is positioned within a commercial retail corridor as described in the public remarks. Consider this site for business use or for redevelopment plans where a retail-oriented location and avenue frontage are priorities.
The listing is available for $499,000.
The property is identified as 2900 East Race Avenue and is positioned within a commercial retail corridor as described in the public remarks. Consider this site for business use or for redevelopment plans where a retail-oriented location and avenue frontage are priorities.
The listing is available for $499,000.
Key Highlights
- Retail building for sale on East Race Avenue in Searcy, Arkansas
- Year built: 1978
- Commercial site with Race Avenue frontage in a highly visible area of Searcy
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
$23,446
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
5.00%
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%
$468,920
$468.9K
Cap Rate 7%
$334,943
$334.9K
Cap Rate 9%
$260,511
$260.5K
Market Conditions
NOI Build-Up for 2,442 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
$35.2K $14.40/SF
− Vacancy
−$3.9K −$1.60/SF
EGI
$31.3K $12.80/SF
− OpEx
−$7.8K −$3.20/SF
NOI
$23.4K $9.60/SF
Area
White County, AR
Vacancy
11.10%
Lease Rate
$14.40 /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%
$468,920
Cap Rate 7%
$334,943
Cap Rate 9%
$260,511
Alternative Uses
Best Use
Office B
$334.9K
$293.1K – $390.8K
NOI $23,446 @ 7.0% cap · market cap 5.00%
Second Best
Retail
$275.5K
$241.0K – $321.4K
NOI $19,282 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$446.6K
$390.8K – $521.0K
NOI $31,262 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
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?
Retail space - For sale retail building on East Race Avenue in Searcy, Arkansas.
Where is this retail space located?
The property is located at 2900 E Race Avenue Searcy, AR.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Retail building for sale on East Race Avenue in Searcy, Arkansas; Year built: 1978; Commercial site with Race Avenue frontage in a highly visible area of Searcy
