Building Details

Year Built 2005

Listing Agency: Liveco Real Estate

Listed By: Melanie Wilkie Show Phone

Source: Pcsingtolittlerock

Added: Aug 13 Changed: Sep 14 Last Checked: Oct 15 at 1:12AM

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Investment Insights

Based on property information with market context.

This storefront property was built in 2005 and is positioned directly along Hwy 167 N. The property is located at 2953 Hwy 167 N in Sheridan, Arkansas, and is offered for sale with lease availability also noted.

Key Highlights

• Storefront property built in 2005
• Located at 2953 Hwy 167 N, Sheridan, AR 72150
• Direct exposure along Hwy 167 N

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$3,980

Cap Rate

4.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$79,600 $79.6K

Cap Rate 7%

$56,857 $56.9K

Cap Rate 9%

$44,222 $44.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 400 SF

Gross rent

$6.0K $15.12/SF

− Vacancy

−$363 −$0.91/SF

EGI

$5.7K $14.21/SF

− OpEx

−$1.7K −$4.26/SF

NOI

$4.0K $9.95/SF

Area

Grant County, AR

Vacancy

6.00%

Lease Rate

$15.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$79,600

Cap Rate 7%

$56,857

Cap Rate 9%

$44,222

Alternative Uses

Best Use

Retail

$56.9K

$49.8K – $66.3K (±1% cap)

NOI $3,980 @ 7.0% cap · market cap 4.21%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$81.4K

$71.3K – $95.0K (±1% cap)

NOI $5,701 @ 7.0% cap · market cap 6.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Auto Repair Shop Electrical Service Butcher Gym & Fitness Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72150, AR

12,218

Population

5,359

Households

2.3

Avg Household Size

41

Median Age

23%

College-Educated

90%

High-School Grad

293.5 sq mi

ZIP Area

42

Density / Sq Mi

$75,342

Median Household Income

$45,316

Median Earnings

$781

Median Rent

$176,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Built in 2005 with direct exposure along Hwy 167 N.

Where is this storefront property located?

The property is located at 2953 Hwy 167 N Sheridan, AR.

What is the asking price?

The asking price for this property is $94,500.

What are key features of this property?

This property features: Storefront property built in 2005; Located at 2953 Hwy 167 N, Sheridan, AR 72150; Direct exposure along Hwy 167 N