Office-Retail Mixed-Use
348 N Center St, Elkins, AR 72727
For Sale
Contact for pricing
The property can accommodate office or retail use on a sizable parcel.
Property Size4,001 SF
Lot Size1.00 Acre
Price / SF$187.45
Days on Market12
Property Features for 348 N Center St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Traffic Count
Road Access
Additional Details
Asking Price
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Kelley Commercial Partners
Listed By:
Philip Schmidt · License AR SA00070023
(501) 804-4447
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 10 at 8:40AM
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 Kelley Commercial Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains an approximately 4,001-square-foot building configured for office or retail use. The site encompasses about 1.00 acre, providing land alongside the building.
The property is at 348 N Center St in Elkins, Arkansas, with frontage on N Center St. The reported traffic volume is 7,000 vehicles per day.
The property is at 348 N Center St in Elkins, Arkansas, with frontage on N Center St. The reported traffic volume is 7,000 vehicles per day.
Key Highlights
- Approximately 4,001 SF building
- About 1.00 acre of land
- Office or retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,409
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,208,180
$1.2M
Cap Rate 7%
$862,986
$863.0K
Cap Rate 9%
$671,211
$671.2K
Market Conditions
NOI Build-Up for 4,001 SF
Gross rent
$86.4K $21.60/SF
− Vacancy
−$5.9K −$1.47/SF
EGI
$80.5K $20.13/SF
− OpEx
−$20.1K −$5.03/SF
NOI
$60.4K $15.10/SF
Area
Washington County, AR
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,208,180
Cap Rate 7%
$862,986
Cap Rate 9%
$671,211
Alternative Uses
Best Use
Office B
$863.0K
$755.1K – $1.01M
NOI $60,409 @ 7.0% cap · market cap 8.05%
Second Best
Retail
$672.6K
$588.6K – $784.8K
NOI $47,085 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$1.07M
$939.7K – $1.25M
NOI $75,175 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
7,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 72727, AR
6,434
Population
2,803
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
90%
High-School Grad
155.6 sq mi
ZIP Area
41
Density / Sq Mi
$71,705
Median Household Income
$37,373
Median Earnings
$1,063
Median Rent
$191,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property can accommodate office or retail use on a sizable parcel.
Where is this mixed-use property located?
The property is located at 348 N Center St Elkins, AR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 4,001 SF building; About 1.00 acre of land; Office or retail use
