Commercial Land with Existing
For Sale
$469,000
2900 E Race Avenue, Searcy, AR 72143
Commercial / Industrial, Searcy, AR
Property Size2,442 SF
Lot Size0.27 Acres
Price / SF$192.06
Days on Market82
Property Features for 2900 E Race Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Other(See Remarks)
Parking
15
Interior features
Kitchen Area, In-Unit Bathroom
Lot features
Level
Directions
Traveling east on race avenue, the property will be on your left.
Subdivision
SEARCY
Standard status
Active
Size
2,442 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
016-09964-000
Tax Annual Amount
1767
Legal Description
016-09964-000
Building Details
Year built
1978
Floors in Building
1
Flooring type
Vinyl
Listing Agency:
Dalrymple
(501) 268-2445
Listed By:
Austin Durham · License #EB00087797
(417) 425-9866
Added: Jun 19
Changed: Aug 19
Last Checked: Sep 8 at 1:06PM
MLS# 26024797
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 0.27-acre commercial land parcel includes a 2,442-square-foot building constructed in 1978. The existing improvements feature a kitchen area, an in-unit bathroom, and vinyl flooring, providing a defined structure on the site.
The property is located at 2900 E Race Avenue in Searcy, with frontage along Race Avenue. Established national and regional brands surround the site, adding established commercial context to the corridor.
The property is located at 2900 E Race Avenue in Searcy, with frontage along Race Avenue. Established national and regional brands surround the site, adding established commercial context to the corridor.
Key Highlights
- 0.27‑acre commercial land parcel
- 2,442‑square‑foot existing building
- Building constructed in 1978
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
$25,659
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
5.47%
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%
$513,180
$513.2K
Cap Rate 7%
$366,557
$366.6K
Cap Rate 9%
$285,100
$285.1K
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
$36.6K $15.00/SF
− Vacancy
−$2.4K −$0.99/SF
EGI
$34.2K $14.01/SF
− OpEx
−$8.6K −$3.50/SF
NOI
$25.7K $10.51/SF
Area
White County, AR
Vacancy
6.60%
Lease Rate
$15.00 /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%
$513,180
Cap Rate 7%
$366,557
Cap Rate 9%
$285,100
Alternative Uses
Best Use
Specialty Retail
$366.6K
$320.7K – $427.7K
NOI $25,659 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
186k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 23%
Home Improvements & Furnishings 8%
Hotels & Casinos 4%
7 Brew Coffee
Dining
20,226 visits/mo
0.5 miles
Ollie's Bargain Outlet
Shops & Services
18,855 visits/mo
0.2 miles
Colton's Steak House & Grill
Dining
16,786 visits/mo
0.2 miles
Freddy's Frozen Custard & Steakburgers
Dining
13,830 visits/mo
0.0 miles
Harbor Freight Tools
Home Improvements & Furnishings
13,154 visits/mo
0.5 miles
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 Retail 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?
Commercial land - Existing improvements include a kitchen area and in-unit bathroom.
Where is this commercial land 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: 0.27‑acre commercial land parcel; 2,442‑square‑foot existing building; Building constructed in 1978
