Prime Commercial Property in
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3000 E Race Ave, Searcy, AR 72143
Versatile commercial space in a high-traffic Searcy location.
Property Size5,349 SF
Price / SF$186.95
Days on Market1620
Property Features for 3000 E Race Ave
General Information
Standard status
Active
Size
5,349 SF
Class
C
Property subtype
Land
Zoning
Commercial
Building Details
Year Built
1975
Year Renovated
1998
Stories
1
Units
1
Listing Agency:
Dalrymple Commercial
(501) 268-2445
Listed By:
Jose Colunga · License #AR PB00076250
Source:
Crexi
Added: Mar 6, 2022
Changed: Aug 8
Last Checked: May 19 at 9:26PM
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 Commercial
Investment Insights
Based on property information with market context.
Located at 3000 E Race Ave in Searcy, Arkansas, this commercial property offers a prime location with high visibility and easy access. The property includes a spacious building with over 5,000 square feet of usable space, suitable for a range of business types. The interior features large, open areas ideal for retail, office, or service-based businesses. The building is a vanilla shell box, providing a move-in-ready space. The property has ample parking spaces for customers and employees. Situated on a busy street, the location ensures maximum exposure. The property is surrounded by other thriving businesses and is near major highways, facilitating access for customers from neighboring towns. This location is suitable for any business seeking a prominent location in Searcy.
Key Highlights
- Prime location on E Race Ave in Searcy, Arkansas, providing high visibility.
- Spacious building with over 5,000 square feet of usable space.
- Ample parking spaces available.
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
$33,506
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
3.35%
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%
$670,120
$670.1K
Cap Rate 7%
$478,657
$478.7K
Cap Rate 9%
$372,289
$372.3K
Market Conditions
NOI Build-Up for 5,349 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
$57.8K $10.80/SF
− Vacancy
−$4.2K −$0.78/SF
EGI
$53.6K $10.02/SF
− OpEx
−$20.1K −$3.76/SF
NOI
$33.5K $6.26/SF
Area
White County, AR
Vacancy
7.20%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
37.50%
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%
$670,120
Cap Rate 7%
$478,657
Cap Rate 9%
$372,289
Alternative Uses
Best Use
Mixed Use
$478.7K
$418.8K – $558.4K
NOI $33,506 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$978.2K
$856.0K – $1.14M
NOI $68,476 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
733
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile commercial space in a high-traffic Searcy location.
Where is this mixed-use property located?
The property is located at 3000 E Race Ave Searcy, AR.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Prime location on E Race Ave in Searcy, Arkansas, providing high visibility.; Spacious building with over 5,000 square feet of usable space.; Ample parking spaces available.
