Building Details

Year Built 1973

Listing Agency: Signature Homes Real Estate

Listed By: Bobbie Schroeder · License #EB00079868 Show Phone

Source: Pcsingtolittlerock

Added: Aug 1 Changed: Oct 8 Last Checked: Oct 7 at 1:56PM

Report an Issue

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 Signature Homes Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This mixed-use property at 3370 Airport Rd includes a 1,828-square-foot home built in 1973. The site features a fenced backyard and nearly an acre of land, providing room to expand or adapt the existing improvements. The property is positioned for consideration as a small café, boutique or retail space, office conversion, residential-based business, or investment property, as identified in the property information.

An estimated 18,000+ vehicles per day provide a strong traffic presence along the road frontage. Lake Hamilton Schools are less than a mile away, while shopping, restaurants, and everyday conveniences are nearby. The setting combines commercial exposure with a country-style environment in Pearcy, Arkansas.

Key Highlights

• 1,828‑square‑foot home on nearly an acre
• Estimated traffic of 18,000+ vehicles per day
• Road frontage with commercial exposure

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,829

Cap Rate

2.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$176,580 $176.6K

Cap Rate 7%

$126,129 $126.1K

Cap Rate 9%

$98,100 $98.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,828 SF

Gross rent

$15.4K $8.40/SF

− Vacancy

−$1.2K −$0.67/SF

EGI

$14.1K $7.73/SF

− OpEx

−$5.3K −$2.90/SF

NOI

$8.8K $4.83/SF

Area

Garland County, AR

Vacancy

8.00%

Lease Rate

$8.40 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$176,580

Cap Rate 7%

$126,129

Cap Rate 9%

$98,100

Alternative Uses

Best Use

Mixed Use

$126.1K

$110.4K – $147.2K (±1% cap)

NOI $8,829 @ 7.0% cap · market cap 2.95%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$334.3K

$292.5K – $390.0K (±1% cap)

NOI $23,401 @ 7.0% cap · market cap 7.83%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Building Supply Big Box & Wholesale Store Plumbing Service

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

67

Businesses Nearby

Explore this area Business Placement

Demographics for 71964, AR

4,179

Population

2,074

Households

2

Avg Household Size

42

Median Age

26%

College-Educated

88%

High-School Grad

31.1 sq mi

ZIP Area

134

Density / Sq Mi

$64,550

Median Household Income

$31,758

Median Earnings

$1,421

Median Rent

$165,900

Median Home Value

Frequently Asked Questions

What type of property is this?

Mixed-use property - Residential improvements, a fenced backyard, and expansion area support flexible commercial repositioning.

Where is this mixed-use property located?

The property is located at 3370 Airport Rd Pearcy, AR.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: 1,828‑square‑foot home on nearly an acre; Estimated traffic of 18,000+ vehicles per day; Road frontage with commercial exposure