Warehouse Building With Dual
For Sale
$1,250,000
301 N Commerce Avenue, Russellville, AR 72801
COMMERCIAL - Russellville, AR
Property Size13,400 SF
Price / SF$93.28
Days on Market1242
Property Features for 301 N Commerce Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Appliances
NoHotWater
Lot features
Corner Lot, Outside City Limits
Standard status
Active
APN
797-00006-001C
Size
13,400 SF
Taxes and HOA fees
Tax Description
See survey
Tax Annual Amount
929
Legal Description
See survey
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1980
Building materials
Brick, Block, MetalSiding, Concrete
Roof type
Metal
Listing Agency:
Arkansas Real Estate Collective
(479) 280-1999
Listed By:
The Wetzel Group
(479) 970-0986
Added: Mar 28, 2023
Changed: Aug 19
Last Checked: Aug 20 at 1:06AM
MLS# AV23-520
Copyright © 2026 ArkansasONE MLS. 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 13,400-square-foot warehouse property was built in 1980 and features brick, block, metal siding, and concrete construction. A metal roof, central electric heating, and central air conditioning serve the building. The property is zoned C2.
The site occupies nearly two city blocks in Russellville’s historic downtown, with frontage along two major thoroughfares. Restaurants, shops, and the city’s art and entertainment districts are within walking distance.
The combination of substantial land area, warehouse classification, dual-thoroughfare frontage, and established downtown placement creates a commercial property with a broad physical footprint and clear street presence.
The site occupies nearly two city blocks in Russellville’s historic downtown, with frontage along two major thoroughfares. Restaurants, shops, and the city’s art and entertainment districts are within walking distance.
The combination of substantial land area, warehouse classification, dual-thoroughfare frontage, and established downtown placement creates a commercial property with a broad physical footprint and clear street presence.
Key Highlights
- 13,400 square feet of warehouse space
- Nearly two city blocks of property
- Frontage along two major thoroughfares
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
$61,233
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
4.90%
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%
$1,224,660
$1.2M
Cap Rate 7%
$874,757
$874.8K
Cap Rate 9%
$680,367
$680.4K
Market Conditions
NOI Build-Up for 13,400 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
$80.4K $6.00/SF
− Vacancy
−$8.4K −$0.62/SF
EGI
$72.0K $5.38/SF
− OpEx
−$10.8K −$0.81/SF
NOI
$61.2K $4.57/SF
Area
Pope County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,224,660
Cap Rate 7%
$874,757
Cap Rate 9%
$680,367
Alternative Uses
Best Use
Warehouse
$874.8K
$765.4K – $1.02M
NOI $61,233 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,866 @ 7.0% cap · market cap 11.99%
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
1,108
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72801, AR
18,510
Population
7,530
Households
2.5
Avg Household Size
29
Median Age
26%
College-Educated
82%
High-School Grad
8.0 sq mi
ZIP Area
2,314
Density / Sq Mi
$42,363
Median Household Income
$22,473
Median Earnings
$837
Median Rent
$153,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - C2-zoned warehouse building with frontage along two major thoroughfares.
Where is this warehouse located?
The property is located at 301 N Commerce Avenue Russellville, AR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 13,400 square feet of warehouse space; Nearly two city blocks of property; Frontage along two major thoroughfares
